14 January, 2016 by The TZ Newswire Staff Comments Off on Intel profit beats but data center business growth slows
Intel profit beats but data center business growth slows
Intel Corp reported a quarterly profit that beat analysts’ estimates but shares fell on concerns about slowing growth in its highly profitable data center business. The world’s largest chipmaker’s shares …
14 January, 2016 by The TZ Newswire Staff Comments Off on Buffett expands oil bet, buys more Phillips 66
Buffett expands oil bet, buys more Phillips 66
Warren Buffett is expanding his bet on the oil industry, slowly adding to his already large stake in oil refiner Phillips 66 even as crude oil prices have sunk to a 12-year low. From Jan. 4 to Jan. 11, …
14 January, 2016 by The TZ Newswire Staff Comments Off on Exclusive: Saudi Arabia plans new sovereign wealth fund – sources
Exclusive: Saudi Arabia plans new sovereign wealth fund – sources
NEW YORK/DUBAI (Reuters) – Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment banks and consultancies to submit proposals for the project, according to people familiar with the matter. Plunging oil prices have strained Saudi Arabia’s finances. The kingdom’s state budget deficit is at a record high and net foreign assets dived more than $100 billion in 15 months.
14 January, 2016 by The TZ Newswire Staff Comments Off on Trump holds GOP lead ahead of debate: NBC/WSJ poll
Trump holds GOP lead ahead of debate: NBC/WSJ poll
Donald Trump would trail Texas Sen. Ted Cruz if the field were narrowed to just the two men.
14 January, 2016 by The TZ Newswire Staff Comments Off on #OscarsSoWhite: How to fix the problem
#OscarsSoWhite: How to fix the problem
No minorities were nominated in the Oscars’ four acting categories for the second consecutive year. CNNMoney’s Tanzina Vega discusses the lack of diversity in Hollywood.
14 January, 2016 by The TZ Newswire Staff Comments Off on Instant Analysis: Atwood Oceanics Trades Places With Microsemi in S&P Indices
Instant Analysis: Atwood Oceanics Trades Places With Microsemi in S&P Indices
The offshore drilling company will “downshift” to the S&P SmallCap 600 index.
14 January, 2016 by The TZ Newswire Staff Comments Off on ForexLive Americas FX news wrap: BOE holds, Bullard babbles
ForexLive Americas FX news wrap: BOE holds, Bullard babbles
Forex news for US trading on Jan 14, 2016:
– Gold down $19 to $1078
– WTI crude up 73-cents to $31.21
– S&P 500 up 31 points to 1921
– AUD leads, NZD lags
Once again, it wasn’t really a headline driven market. The real debate was whether Bullard had an impact on overall sentiment.