29 May, 2016 by The TZ Newswire Staff Comments Off on Designer Domenico Vacca closes NYC stores to focus on flagship with private club, rentals
Designer Domenico Vacca closes NYC stores to focus on flagship with private club, rentals
read more29 May, 2016 by The TZ Newswire Staff Comments Off on Army Tests Driverless Vehicles On Michigan Roads To "Save Lives, Cut Costs"
Army Tests Driverless Vehicles On Michigan Roads To "Save Lives, Cut Costs"
Forget McDonalds and minimum wage blowback, the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC) is set to send a convoy of vehicles along a stretch of Interstate 69 in Michigan as part of an initial testing of driverless military vehicle equipment on public roadways.
29 May, 2016 by The TZ Newswire Staff Comments Off on Why Does Warren Buffett Keep Buying IBM?
Why Does Warren Buffett Keep Buying IBM?
Warren Buffett first bought shares of International Business Machines (NYSE: IBM) in 2011, building a position worth nearly $11 billion for Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B). The stock has performed poorly since then, leading many to question Buffett’s rare foray into the world of technology stocks. IBM has suffered 16 consecutive quarters of year-over-year revenue declines, and the company expects its earnings to slump this year.
29 May, 2016 by The TZ Newswire Staff Comments Off on UN: More than 700 migrants perished last week en route to Italy
UN: More than 700 migrants perished last week en route to Italy
Hundreds of migrants perished in the last week trying to reach Italy, the Financial Times reports.
29 May, 2016 by The TZ Newswire Staff Comments Off on 10 Reasons to Hate Oil Stocks
10 Reasons to Hate Oil Stocks
The oil crash over the past couple of years has wiped out a whopping $1 trillion of equity from oil stock investments, leaving investors feeling burned. That has caused a lot of ill will toward the sector, and for good reason, because the sector itself can be blamed for at least some of its failings. Needless to say, there are plenty of reasons why investors might hate oil stocks.
Crude oil has been gut-wrenchingly volatile over the past couple of decades:
29 May, 2016 by The TZ Newswire Staff Comments Off on Brad Friedman: Why To Be Suspicious Of Every Election
Brad Friedman: Why To Be Suspicious Of Every Election
Long an ‘exporter of democracy’ to the rest of the world, there is ample evidence that the United States lacks even the most rudimentary, basic protections necessary to preserve voting integrity within its own borders.
29 May, 2016 by The TZ Newswire Staff Comments Off on Nike: Running into Trouble?
Nike: Running into Trouble?
This week Nike, Inc. (NKE) officially entered a bear market when the 50EMA dropped below the 200EMA, the first time in over three years. While this is my nominal definition of a bear market, it is useful as an objective measure of price performance, and it is similar to the widely recognized (and more dramatically named) “death cross,” which is derived from simple moving averages. It is not necessarily an actionable SELL signal, rather it warns that the long-term environment has turned bearish for this stock. The last time the 50EMA was below the 200EMA was over three years ago.