4 December, 2015 by The TZ Newswire Staff Comments Off on Noah Holdings Helps China’s Growing Rich Class
Noah Holdings Helps China’s Growing Rich Class
The Chinese are getting richer. Last year, the number of millionaire households in China was 4 million, as 1 million were added to the total. It was the second-highest total of rich households after the U.S., with 7 million, says a study by the Boston Consulting Group. For Noah Holdings (NOAH), it’s a favorable trend. The company is a wealth manager based in Shanghai with more than $12 billion in assets under management.
4 December, 2015 by The TZ Newswire Staff Comments Off on December Macro Update: Balance of Data Remains Positive
December Macro Update: Balance of Data Remains Positive
The balance of the macro data from the past month continues to be positive. There is little to suggest the imminent onset of a recession. The main positives are in employment, consumption growth and housing. Employment growth is close to the best since the 1990s, with an average monthly…
4 December, 2015 by The TZ Newswire Staff Comments Off on The Cycle of Debt Release
The Cycle of Debt Release
Although the year of release is no longer formally observed, this ancient precept is unconsciously embedded in the financial dealings of Western nations. The debt release cycle can be seen in the recurring price “corrections” of commodity prices, and…
4 December, 2015 by The TZ Newswire Staff Comments Off on Trump Takes His Biggest Lead Yet in the Polls
Trump Takes His Biggest Lead Yet in the Polls
For those greatly concerned about foreign policy, Trump moved up to 32 percent. As for the rest of the field, it is beginning to look somewhat grim: Retired neurosurgeon Ben Carson continues to lose ground with 14 percent of the Republican vote. Sen. Marco Rubio of Florida, who still must be considered an up and comer, is at 12 percent.
4 December, 2015 by The TZ Newswire Staff Comments Off on Wall Street jumps, dollar gains after U.S. jobs report
Wall Street jumps, dollar gains after U.S. jobs report
Stocks on Wall Street rallied on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two weeks, while a surprise move by major oil exporters to keep pumping near-record output pushed crude prices down. The dollar rose, gold climbed about 2 percent and base metals, including copper, gained after the U.S. jobs report for November paved the way for the Fed to raise rates for the first time in nearly a decade at a two-day meeting that ends Dec. 16. The U.S. economy created 211,000 jobs in November, the U.S. Labor Department said.
4 December, 2015 by The TZ Newswire Staff Comments Off on Oil job cuts: Here are the US regions most at risk
Oil job cuts: Here are the US regions most at risk
A CNBC analysis of county level job and wage data finds that U.S. oil exploration cutbacks will hit some regions much harder than others.
4 December, 2015 by The TZ Newswire Staff Comments Off on Fed’s Yellen faces battle in 2016 after getting all clear for December hike
Fed’s Yellen faces battle in 2016 after getting all clear for December hike
WASHINGTON/PHILADELPHIA (Reuters) – Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Yellen’s arguments against potential dissenters at the Dec. 15-16 Fed policy meeting were strengthened by Labor Department data on Friday that showed employers hired 211,000 people in November while even greater numbers joined the workforce.