5 January, 2016 by The TZ Newswire Staff Comments Off on Apple Peeled: Getting Under the Skin of iPhone Worries
Apple Peeled: Getting Under the Skin of iPhone Worries
Apple is known for brutal efficiency, regularly killing off features and products that no longer serve its purposes. Apple’s share price ended 2015 down 4.6%, marking its first drop in seven years. Consider that Apple is now the cheapest stock among the 10 largest tech companies in the S&P 500, once its huge net cash pile of $150 billion is excluded.
5 January, 2016 by The TZ Newswire Staff Comments Off on VW faces billions in fines as U.S. sues for environmental violations
VW faces billions in fines as U.S. sues for environmental violations
WASHINGTON/FRANKFURT (Reuters) – The U.S. Justice Department has sued Volkswagen for up to $90 billion for allegedly violating environmental laws – five times regulators’ initial estimate and a reminder of the carmaker’s problems nearly four months after its emissions scandal broke. Although such U.S. lawsuits are typically settled at a fraction of the theoretical maximum penalty, analysts said the size of the claim meant Volkswagen (VW) could face a larger bill than previously anticipated.
5 January, 2016 by The TZ Newswire Staff Comments Off on Chinese investors swearing off stocks after price turmoil
Chinese investors swearing off stocks after price turmoil
Yang Lihua was one of millions of small investors Beijing encouraged to join a stock-buying frenzy last year. But the Shanghai newspaper editor sold after prices collapsed in June and she vowed never to …
5 January, 2016 by The TZ Newswire Staff Comments Off on Stock futures lower on global growth worries
Stock futures lower on global growth worries
Chinese stock indexes were little changed on Tuesday after falling 7 percent on Monday. * U.S. stocks closed sharply lower on Monday, with the Dow making its worst start to a year since 2008. * Dupont’s shares were down 1.5 percent at $62.10 in premarket trading after Citigroup cut its rating on the Dow component to “neutral”.
5 January, 2016 by The TZ Newswire Staff Comments Off on MLP Investors Hit with Surprise Tax Bill from IRAs
MLP Investors Hit with Surprise Tax Bill from IRAs
Some taxpayers who invested in a MLP via their IRA received a nasty surprise when they were notified that they owe substantial taxes on this investment.
5 January, 2016 by The TZ Newswire Staff Comments Off on Investors Fear Global Contraction; Stocks Sell Off
Investors Fear Global Contraction; Stocks Sell Off
Global stocks dropped like a ‘lead balloon’ on Monday — never even looked back from the min the mkts opened……renewed worries over Chinese economic conditions — likely confirming a contraction and the way the mkts reacted it is expecting a ‘global contraction’….and this caused investors to ‘exit’ the Chinese mkt in droves — which then set the tone for Europe, the US, and a host of emerging mkt countries…..Toss in the new brewing crisis in the Mid East — between the Saudi’s and the Iranians and you had the perfect brewing storm….
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5 January, 2016 by The TZ Newswire Staff Comments Off on November Canadian producer prices -0.2% m/m vs +0.0% exp
November Canadian producer prices -0.2% m/m vs +0.0% exp
November industrial product prices for Canada:
– Prior was -0.5%
– Producer prices -0.2% y/y vs -0.4% prior
– Raw materials price index -4.0% m/m vs -3.0% exp
The commodity collapse continues to overshadow the loonie collapse. Overall, this report is thin gruel in terms of economic data.