16 October, 2015 by The TZ Newswire Staff Comments Off on U.S. hunting clubs, rhino hunter sue Delta over trophy ban
U.S. hunting clubs, rhino hunter sue Delta over trophy ban
Hunting clubs and a man who paid $350,000 for a license to hunt a black rhino in Namibia have sued Delta Airlines, saying its ban on transporting some big game hunting trophies hurts conservation efforts and violates its global obligations. In a lawsuit filed in federal court in Texas on Thursday, the hunter of the endangered black rhino, Corey Knowlton, along with the Dallas Safari Club, the Houston Safari Clubs and others said that the transport of the trophies is allowed under a strict systems of global permits and Delta must abide by its obligations.
16 October, 2015 by The TZ Newswire Staff Comments Off on Mester says the more Federal Reserve delays, the greater the risks
Mester says the more Federal Reserve delays, the greater the risks
The more the U.S. Federal Reserve delays hiking rates the more risks there will be to the U.S. economy, Cleveland Federal Reserve Bank President Loretta Mester said on Friday. Mester, who has repeatedly called for the U.S. central bank to begin raising rates, will regain a vote on the Fed’s rate-setting committee next year under its rotating system.
16 October, 2015 by The TZ Newswire Staff Comments Off on "In Fed We Trust" Is Back: Risk Soars On Hopes Economy Collapses
"In Fed We Trust" Is Back: Risk Soars On Hopes Economy Collapses
After yesterday’s epic squeeze ramp into OpEx, and today’s hanging-by-a-thread range on no volume, we couldn’t help but think of this…
And with this week’s rally, valuations for the S&P 500 push back towards highs (P/E >18x once again)…
16 October, 2015 by The TZ Newswire Staff Comments Off on Why Does Bank of America Love This Low-Margin Business?
Why Does Bank of America Love This Low-Margin Business?
Asset and wealth management may have dismal margins, but it’s still good business if you can get it.
16 October, 2015 by The TZ Newswire Staff Comments Off on Mortgage-Related Stocks: Is The Smart Money Buying?
Mortgage-Related Stocks: Is The Smart Money Buying?
“Follow the money” is good advice in investing, but following the smart money is even better. The mortgage and related services industry group is riding high. The group was No. 17 of 197 groups, as of Friday’s IBD, but that’s down from No. 2 six weeks ago. Should that slippage matter? Some fluctuation in the ratings is normal. While slippage isn’t a deal-breaker, it calls for a closer look.
16 October, 2015 by The TZ Newswire Staff Comments Off on China Q3 GDP: Under Control Or Calls For Stimulus
China Q3 GDP: Under Control Or Calls For Stimulus
Global investors will tune in to economic data due out Sunday in China. The third quarter GDP will update the country’s painstaking effort to slow its growth while holding above levels that could raise fears of an economic tumble. Official GDP data in the first and second quarters precisely met the 7% growth target that China’s Premier Li Keqiang set early this year. Projections widely anticipate slower growth in Q3.
16 October, 2015 by The TZ Newswire Staff Comments Off on Capital Controls Blowback? Bitcoin Surges Back To Pre-China-Currency Wars Levels
Capital Controls Blowback? Bitcoin Surges Back To Pre-China-Currency Wars Levels
At $267, Bitcoin has retraced the entire plunge from China’s initial devaluation entry into the currency wars and the Black Monday dump. It appears, just as we warned, that China’s increasing crackdown on its – until now lax – capital controls has spurred demand for alternate ‘currencies’ that remain out of the control (for now) of governments – like gold…