4 September, 2015 by The TZ Newswire Staff Comments Off on Meet “Buzz” Draghi: To Infinity and Beyond
Meet “Buzz” Draghi: To Infinity and Beyond
The never-ending push for 2% price inflation is absurd to the point of being counterproductive. However, stubborn central bank mules don’t care about history or common sense. They just keep doing what their…
4 September, 2015 by The TZ Newswire Staff Comments Off on Jobs Report Shouldn’t Derail Fed Action
Jobs Report Shouldn’t Derail Fed Action
The jobs report came short of estimates, but the report’s internals are strong enough to keep the prospect of a Fed hike this month very real. The market’s initial reaction to the report reflects the view that this report takes us towards lift-off in the coming meeting.
4 September, 2015 by The TZ Newswire Staff Comments Off on Why Vince Holding Corp. Stock Plummeted Friday
Why Vince Holding Corp. Stock Plummeted Friday
The clothing brand plunged hard after another earnings miss. Here’s what investors need to know.
4 September, 2015 by The TZ Newswire Staff Comments Off on Question of the Day
Question of the Day
What is the total number of months during the Ford, Carter, Reagan and Bush I administrations, plus the first term of Clinton, when the unemployment rate was lower than today?
Answer: 1
(March 1989, when it was 5.0%)
Come on discouraged workers, get out there and start looking!
4 September, 2015 by The TZ Newswire Staff Comments Off on Market Extra: Shares of British retailers Next, Burberry slump after sales decline
Market Extra: Shares of British retailers Next, Burberry slump after sales decline
Shares of Next and other retailers paid the price Friday for a tough August.
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4 September, 2015 by The TZ Newswire Staff Comments Off on G20 promises transparency on rate moves as global economy disappoints
G20 promises transparency on rate moves as global economy disappoints
World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday. Many emerging market economies are concerned that when the U.S. Federal Reserve raises borrowing costs, investors will withdraw from other markets and buy dollar assets, weakening other currencies and creating turbulence as capital flees.
4 September, 2015 by The TZ Newswire Staff Comments Off on BlackBerry to buy rival Good Technology for $425 million
BlackBerry to buy rival Good Technology for $425 million
Canada’s BlackBerry Ltd (BB.TO) said on Friday it will buy rival mobile software provider Good Technology Corp (GDTC.O) for $425 million, to boost its ability to help corporate clients manage smartphones running on different operating systems. The cash deal may help BlackBerry, a one-time smartphone pioneer, win new customers for its services business, a priority as it shifts focus to device management software for enterprise customers. More than half the devices running on Good’s systems are Apple Inc (AAPL.O) products such as the iPhone.