28 August, 2015 by The TZ Newswire Staff Comments Off on Does Fitbit Stand to Lose the Most From Apple Watch?
Does Fitbit Stand to Lose the Most From Apple Watch?
The wearables market is already undergoing a shift from basic devices to smart devices. That could hurt Fitbit unless it adapts.
28 August, 2015 by The TZ Newswire Staff Comments Off on China banks warn of rising bad loans and falling margins as economy slows
China banks warn of rising bad loans and falling margins as economy slows
SHANGHAI/BEIJING (Reuters) – China’s largest banks warned of a tough year after posting their weakest half-yearly profit growth in at least six years as a slowing economy forces the lenders to make even more provisions for soured loans and squeezes interest income.
28 August, 2015 by The TZ Newswire Staff Comments Off on Three tests face a market shaken by volatility storm
Three tests face a market shaken by volatility storm
There are at least three core challenges facing the market: A badly broken trend, the still-dangerous winds of this volatility storm, and the Fed’s response to all the noise.
28 August, 2015 by The TZ Newswire Staff Comments Off on US consumer spending up moderate 0.3 percent in July
US consumer spending up moderate 0.3 percent in July
U.S. consumers increased their spending moderately in July, as wages and salaries made their biggest jump in eight months. Spending rose 0.3 percent in July, helped by purchases of big-ticket items such …
28 August, 2015 by The TZ Newswire Staff Comments Off on Foreign stock funds post biggest outflows since ’08
Foreign stock funds post biggest outflows since ’08
Investors in U.S.-based funds pulled $17.8 billion out of stock funds in the week ended Aug. 26 after a plunge in the stock markets.
28 August, 2015 by The TZ Newswire Staff Comments Off on Fed’s Kocherlakota: 2015 rate rise not appropriate
Fed’s Kocherlakota: 2015 rate rise not appropriate
Forget a 2015 rate hike, policymakers may have to consider further quantitative easing, Minneapolis Fed’s president says.
28 August, 2015 by The TZ Newswire Staff Comments Off on Fed’s Kocherlakota says inflation is running very low
Fed’s Kocherlakota says inflation is running very low
Says CPI is well below Fed’s target
– Fed risks giving the impression it’s abandoning inflation target
– Fed is sending the message that it’s not committed to getting inflation back to target
The credibility of the Fed is his fear and that raising before targets are met might reduce that. It follows what I said about the PCE data and Mester touched on it about being proactive. There’s members that want to wait to be sure and there’s members that want to anticipate.