24 December, 2015 by The TZ Newswire Staff Comments Off on Federal Reserve will pay banks $12 billion in 2016
Federal Reserve will pay banks $12 billion in 2016
In 2016, the Federal Reserve will pay at least $12.2 billion to U.S. and foreign banks to keep the money created via its quantitative easing programs out of the economy. If the Fed raises rates as expected next year, the amount nearly doubles to $23.1 billion.
24 December, 2015 by The TZ Newswire Staff Comments Off on 2016 oil outlook: will an equilibrium price be found?
2016 oil outlook: will an equilibrium price be found?
Dan Dicker of Merc-block and author of the book “Shale boom, shale bust: The Myth of Saudi Arabia” peered into his crystal ball to see if the commodity get back to an equilibrium price sometime in the near future.
24 December, 2015 by The TZ Newswire Staff Comments Off on U.S. retailers at risk of missing modest holiday sales goals
U.S. retailers at risk of missing modest holiday sales goals
CHICAGO/NEW YORK (Reuters) – Retailers are struggling to meet even modest forecasts for the holiday shopping season this year after the “Super Saturday” before Christmas failed to live up to its nickname, industry research groups said. The last Saturday before Christmas often sets the annual record for retail sales, vying with Thanksgiving weekend’s Black Friday. This year Super Saturday weekend sales in stores and online rose 4 percent to $55 billion, after a 2.5 percent gain last year, according to retail consultancy and private-equity fund Customer Growth Partners.
24 December, 2015 by The TZ Newswire Staff Comments Off on Puerto Rico needs debt restructuring authority: U.S. Treasury Secretary
Puerto Rico needs debt restructuring authority: U.S. Treasury Secretary
Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an “escalating crisis”, U.S. Treasury Secretary Jack Lew, said on Fox Business Network TV on Thursday. U.S. House of Representatives Speaker, Republican Paul Ryan, has instructed committees to work with Puerto Rico’s government to come up with a solution to the island’s financial problems and said this should be crafted by the end of March. Puerto Rico has some $70 billion in debt, a poverty rate of 45 percent, and has been in recession for nearly a decade.
24 December, 2015 by The TZ Newswire Staff Comments Off on Last-minute shopping goes digital
Last-minute shopping goes digital
Is it “clicks versus bricks” for last-minute shoppers? Or is there more to the retail landscape?
24 December, 2015 by The TZ Newswire Staff Comments Off on Mining Stock ETFs Rise As Gold Reverses 2-Day Fall
Mining Stock ETFs Rise As Gold Reverses 2-Day Fall
Mining stocks regained their luster amid dull stock market action Thursday, with gold advancing after a two-day slide. Investors gearing for an early trading close this Christmas week saw a modest but continued recovery in oil commodity prices and a drop in jobless claims. ETFs tracking the S&P 500 and Dow traded lower as of late morning, with energy stocks weighing heaviest on the well-loved benchmarks.
