3 September, 2015 by The TZ Newswire Staff Comments Off on Saudi Arabia, Tar Sands And The Global Price War On Oil
Saudi Arabia, Tar Sands And The Global Price War On Oil
Prices for Canada’s tar sands crude rose Thursday after penalties imposed by Canadian regulators led to the shutdown of the Nexen tar sands oil plant that China’s CNOOC (CEO) acquired for $15 billion in 2013. That production loss compounded the shutdown of a Canada Oil Sands plant after a fire last weekend, which culled 200,000 barrels per day of oil sands output.
3 September, 2015 by The TZ Newswire Staff Comments Off on The Tell: As volatility soars, this obscure trading strategy draws Wall Street’s ire
The Tell: As volatility soars, this obscure trading strategy draws Wall Street’s ire
The stock-market correction is spawning a blame game and fingers are pointing at risk-parity investment strategies.
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3 September, 2015 by The TZ Newswire Staff Comments Off on US sanctions on Chinese firms could hit next week
US sanctions on Chinese firms could hit next week
The White House is preparing to slap sanctions on Chinese companies connected to the cyber theft of US intellectual property, the FT reports.
3 September, 2015 by The TZ Newswire Staff Comments Off on The Craziest Chart About Citigroup I’ve Ever Seen
The Craziest Chart About Citigroup I’ve Ever Seen
A 20-year chart of Citigroup’s book value per share captures the damage done by the financial crisis.
3 September, 2015 by The TZ Newswire Staff Comments Off on Stocks Erase Most Gains Ahead Of August Payrolls Report
Stocks Erase Most Gains Ahead Of August Payrolls Report
Stocks erased most of 1%-plus gains Thursday, indicating apprehension ahead of the key jobs report on Friday. The Nasdaq fell nearly 0.4% after being up as much as 1.1%. The S&P 500 and Dow Jones industrial average saved only 0.1% of their advances. Volume was lower on the Nasdaq and NYSE, according to unconfirmed figures. For a couple of weeks, the 50-day moving averages of the S&P and Dow have been below the 200-day moving averages.
3 September, 2015 by The TZ Newswire Staff Comments Off on These 3 REIT Stocks Are Up Strong For The Year
These 3 REIT Stocks Are Up Strong For The Year
Most REIT shareholders probably have a mildly sour taste in their mouths this year. At 115th as of Thursday’s newspaper, IBD’s Finance-Property REIT industry group ranks in the bottom half of IBD’s daily rankings of 197 industry groups and subgroups. Despite an advance the past two days, the group is still down more than 7% since Jan. 1. The 138th-ranked Finance-Mortgage REIT group is off nearly 13% year to date.
3 September, 2015 by The TZ Newswire Staff Comments Off on Who’s Next On Allergan, Valeant’s Acquisition List?
Who’s Next On Allergan, Valeant’s Acquisition List?
Valeant Pharmaceuticals (VRX) has gotten a lot of face time due to a stream of recent acquisitions that include Sprout Pharmaceuticals, maker of “female Viagra” Addyi. But it’s not the only drugmaker on a shopping spree. Sector Leader Allergan (AGN) has been busy, too. Formerly known as Actavis, the firm changed its name to Allergan in June after trumping Valeant in a bidding war for the Botox maker.