28 June, 2016 by The TZ Newswire Staff Comments Off on Why Is Spotify More Valuable Than Pandora?
Why Is Spotify More Valuable Than Pandora?
Image source: Getty Images.
In the music industry, and perhaps all of tech, there may not be a better example of divergent paths than those of Pandora (NYSE: P) and Spotify.
28 June, 2016 by The TZ Newswire Staff Comments Off on Do Rig Count Increases Mean Oil is Finally Turning Around?
Do Rig Count Increases Mean Oil is Finally Turning Around?
Last week marked the third consecutive week of increased online rig count.
In this segment of the Industry Focus: Energy podcast, Sean O’Reilly and Taylor Muckerman go over the numbers, what this means for the oil sector at large, and how many rigs might be online by early 2018.
A full transcript follows the video.
28 June, 2016 by The TZ Newswire Staff Comments Off on Why Office Depot Stock Has Plunged 44% in 2016
Why Office Depot Stock Has Plunged 44% in 2016
What: So far, 2016 has not been a good year for office supply retailer Office Depot (NASDAQ: ODP). It’s not too hard to understand why: federal antitrust regulators succeeded in scuttling the company’s planned merger with Staples (NASDAQ: SPLS) last month.
Office Depot shares have lost 44% of their value since the beginning of the year. Virtually all of the stock’s decline came on the day after the Staples merger fell apart.
28 June, 2016 by The TZ Newswire Staff Comments Off on Did Brexit Kill the Oil Price Rally?
Did Brexit Kill the Oil Price Rally?
Oil prices fell again on Monday after last week’s rout following the Brexit vote, deepening the losses and killing off a multi-month oil price rally. There is quite a bit of debate around how lasting the negative effects of the Brexit…
28 June, 2016 by The TZ Newswire Staff Comments Off on Circle Bets Big on China Amid New Capital Raise
Circle Bets Big on China Amid New Capital Raise
“Bitcoin bank” Circle is betting big on China. The company has announced that it raised $60 million in a new Series D funding round led by Beijing-based investment firm IDG Capital, an existing Circle investor.
28 June, 2016 by The TZ Newswire Staff Comments Off on Draghi said to see Brexit vote cutting Eurozone GDP by as much as 0.5 pp
Draghi said to see Brexit vote cutting Eurozone GDP by as much as 0.5 pp
Draghi scoop from Bloomberg
Bloomberg obtained Draghi comments from an EU Summit document.
– Sees GDP reduction for at least 3 years
– Concerned Brexit will lead to competitive devaluations
European GDP doesn’t have much room to spare. Growth is seen at 1.6% this year, according to economists polled by BBG.
28 June, 2016 by The TZ Newswire Staff Comments Off on Consumer Staples Could Offer Relief From Brexit (KO, PG)
Consumer Staples Could Offer Relief From Brexit (KO, PG)
Consumer staple stocks could soon play catch-up with utilities, bonds, precious metals and other defensive groups benefiting from the flight to safety.