The Traderszone Network

It’s rare to find such a high payout attached to a business that’s posting record profits.

Off session lows at $36.66
US crude oil futures settled today at $37.26, down $0.49 or 1.3%. The price rallied into the close although still well below the days high at $38.26.  

The yen’s rapid rise against the dollar has been so mysterious.

In Beijing, all you need is a smartphone to pay for lunch, hail a taxi, shop online, pay bills and send money to friends. CNN’s Will Ripley spends a day without his wallet in China’s capital.

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Intuit has sold Quicken to H.I.G. Capital. H.I.G Capital according to Wikipedia has $19 billion of equity capital under management. Just to give you perspective, Quicken in 2015 generated under $51 million in revenue for Intuit. Unfortunately terms of the sale were not disclosed.

If I were willing to make a guestimate, I would guess Quicken sold for around $200-300 million and hope certainly for under $500 million. Especially with a YoY declining revenue base.

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Or will it be a nightmare….?
Fed Chair Yellen will be joined by past Fed Chairmen Bernanke, Greenspan AND Volker in what would be a Dream Team of US central bankers.   How will it go for Yellen?  Well she may be the smallest of the 4 in stature, and the only woman. However,  she is the one in charge and what she says, goes (at least for the time being). Last week she said that she is not in any hurry to normalize rates.    The panel discussion will take place at the International House – a NY nonprofit that seeks to bring together students from different countries.  

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