26 January, 2016 by The TZ Newswire Staff Comments Off on Cramer: Where oil will bottom in 2016
Cramer: Where oil will bottom in 2016
Jim Cramer was shocked by the commentary of Schlumberger on Friday, and it changed his entire opinion on where oil will bottom now.
26 January, 2016 by The TZ Newswire Staff Comments Off on Oil rises further above $30 on hopes of deal to tackle glut
Oil rises further above $30 on hopes of deal to tackle glut
Oil rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. The Organization of the Petroleum Exporting Countries is making renewed calls for rival producers to cut supply alongside its members, but Russia, seen as key to any deal, has so far refused to cooperate. Iraq’s oil minister said on Tuesday he saw some flexibility for a deal between OPEC and non-OPEC.
26 January, 2016 by The TZ Newswire Staff Comments Off on The Five Scenarios Now Facing the Federal Reserve
The Five Scenarios Now Facing the Federal Reserve
Choppy markets could mean a central bank in “risk management” mode.
26 January, 2016 by The TZ Newswire Staff Comments Off on DuPont forecasts higher 2016 earnings, helped by cost cuts
DuPont forecasts higher 2016 earnings, helped by cost cuts
Chemicals and seed producer DuPont forecast higher 2016 earnings, helped by aggressive cost-cutting to offset continued pressure from a strong dollar and weakness in its farm business. The company forecast …
26 January, 2016 by The TZ Newswire Staff Comments Off on Siemens raises outlook as self help starts to pay off
Siemens raises outlook as self help starts to pay off
Shares in Siemens rose 7 percent on Tuesday after Europe’s biggest industrial group surprised the markets with the strength of its first-quarter results and raised its full-year earnings forecast. Despite slowing growth in China and weak oil prices that have depressed capital spending, Munich-based Siemens reported a 10 percent jump in industrial profit and its first quarter of organic revenue growth in a year.
26 January, 2016 by The TZ Newswire Staff Comments Off on DuPont reports 4Q loss
DuPont reports 4Q loss
DuPont Co. (DD) on Tuesday reported a fourth-quarter loss of $253 million, after reporting a profit in the same period a year earlier. The Wilmington, Delaware-based company said it had a loss of 29 cents …
26 January, 2016 by The TZ Newswire Staff Comments Off on Need to Know: Here’s the chart that predicts Apple shares are headed for the $70s
Need to Know: Here’s the chart that predicts Apple shares are headed for the $70s
Apple reports Tuesday and a lot is on the line, both for investors in the stock and those in the S&P 500. The gloomsters won’t be silenced.