2 July, 2016 by The TZ Newswire Staff Comments Off on Workers strike at Trump Taj Mahal
Workers strike at Trump Taj Mahal
There is still trouble brewing for Donald Trump and Carl Icahn at the Trump Taj Mahal casino in Atlantic City. After years of fighting over benefits, workers are going on strike. Local 54 of the Unite-HERE union was unable to reach an agreement on a new contract with the Taj Mahal. And about 1,000 union members staged a walkout Friday, according to the New York Post. “As a result, nearly a thousand cooks, housekeepers, bellmen … [more]
2 July, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Green Party’s Jill Stein makes case: She was Bernie Sanders before Bernie Sanders
The Wall Street Journal: Green Party’s Jill Stein makes case: She was Bernie Sanders before Bernie Sanders
Green Party presidential candidate Jill Stein is aggressively courting disaffected supporters of Vermont Sen.
2 July, 2016 by The TZ Newswire Staff Comments Off on Tim Duy discusses the evolving views of Fed Governor Powell
Tim Duy discusses the evolving views of Fed Governor Powell
Tim Duy has a very good new post, showing how Jerome Powell is moving in a more dovish direction. The following quotation is Powell, with the remark about the flat Phillips curve being Tim:
When I was first exposed to macroeconomics in college, more than four decades ago, the view was that inflation was strongly influenced by the amount of slack in the economy. But the relationship between slack and inflation has weakened substantially over the years.
2 July, 2016 by The TZ Newswire Staff Comments Off on Bidding from Salesforce pushed Microsoft to raise its offer for LinkedIn
Bidding from Salesforce pushed Microsoft to raise its offer for LinkedIn
Persistent bidding from Salesforce.com Inc. forced Microsoft Corp. to boost its offer for LinkedIn Corp.
2 July, 2016 by The TZ Newswire Staff Comments Off on Hedge Funds No Longer Have Any Idea How To Trade This Market
Hedge Funds No Longer Have Any Idea How To Trade This Market
Several days ago we posted an update to our favorite trading strategy since 2013: namely betting on the stupidity of the “smart money” and going long the most underowned and hated names, while shorting the most owned ones (recall from September 2013: “”Presenting The Best Trading Strategy Over The Past Year: Why Buying The Most Hated Names Continues To Generate “Alpha“”).
2 July, 2016 by The TZ Newswire Staff Comments Off on Rotation Is Painting A Very Bearish Picture
Rotation Is Painting A Very Bearish Picture
Here we go again.
It seems as though every time the S&P 500 challenges the 2100 level and its all-time high close (2131), another aggressive area of the market falls apart and the rally is not sustainable. Below is a two year weekly chart of the S&P 500 where you can visualize these relative breakdowns one by one:
Continue reading “Rotation Is Painting A Very Bearish Picture” »
2 July, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Rio thieves hijack truck carrying German broadcasters’ Olympic gear
The Wall Street Journal: Rio thieves hijack truck carrying German broadcasters’ Olympic gear
Thieves hijacked a truck and made off with valuable broadcasting equipment from a pair of German media companies Friday in Rio, highlighting growing security concerns ahead of the Olympics.
read more