24 December, 2015 by The TZ Newswire Staff Comments Off on Financial sector key to final week of trading
Financial sector key to final week of trading
The financials have risen more than 6 percent this quarter, with investors expecting the sector to be one of the main beneficiaries of the first interest rate hike by the U.S. Federal Reserve in nearly a decade last week. “That trade, the oil-financials, it is going to be with us for quite some time,” said Peter Kenny, equity market strategist at Kenny & Co LLC, in Denver. The benchmark S&P 500 index (.SPX) has rallied nearly 3 percent this week, buoyed by a jump of nearly 5 percent in the energy sector (.SPNY) as oil prices (LCOc1) bounced off multi-year lows.
24 December, 2015 by The TZ Newswire Staff Comments Off on Oil above $37 as U.S. supply tightens, still near 11-year low
Oil above $37 as U.S. supply tightens, still near 11-year low
“Some traders playing spot on the downside are getting out and calling it a year,” said Tariq Zahir, managing partner at Tyche Capital Advisors. Oil demand in 2015 was exceptionally high and at current prices, demand is going to remain strong next year,” said Olivier Jakob, analyst at Petromatrix. Crude inventories, which were expected to rise, fell 5.88 million barrels, the Energy Information Administration said.
24 December, 2015 by The TZ Newswire Staff Comments Off on Exclusive: "And It’s Gone… It’s All Gone" – The One Gold Scandal That Goes To The Very Top
Exclusive: "And It’s Gone… It’s All Gone" – The One Gold Scandal That Goes To The Very Top
Long before Turkey was flagrantly arming and funding the CIA-created “terrorist organization” known as ISIS, there was another, far more elaborate way in which Turkey was flaunting international sanctions against an ostr
24 December, 2015 by The TZ Newswire Staff Comments Off on Why ‘The Regime’ Hates Gold
Why ‘The Regime’ Hates Gold
Submitted by Doug Casey via InternationalMan.com,
A meme is now circulating that gold is the investment equivalent of a pet rock, and that the smart investor should sell gold, and buy stocks. That’s a ridiculous notion. In fact, if you believe in buying low and selling high, this is the time to buy gold, and sell stocks.
24 December, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Hyatt says hack targeted names, credit card numbers
The Wall Street Journal: Hyatt says hack targeted names, credit card numbers
Hyatt Hotels Corp.
24 December, 2015 by The TZ Newswire Staff Comments Off on Manhattan Luxury-Home Prices Drop For 8th Straight Month Amid "Glut In Overpriced Apartments"
Manhattan Luxury-Home Prices Drop For 8th Straight Month Amid "Glut In Overpriced Apartments"
The poor are getting poorer but the rich, it appears, are no longer getting richer. With apartment vacancies at 9-month highs, Bloomberg reports that Manhattan’s luxury-home market is rapidly losing its luster.
24 December, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Pep Boys spurns Icahn for Bridgestone merger bid
The Wall Street Journal: Pep Boys spurns Icahn for Bridgestone merger bid
Pep Boys – Manny, Moe & Jack has agreed to a sweetened merger pact with Japan’s Bridgestone Corp.