5 July, 2016 by The TZ Newswire Staff Comments Off on Goldman Sachs ‘slashing’ their GBP and EUR forecasts – forecasts
Goldman Sachs ‘slashing’ their GBP and EUR forecasts – forecasts
If you scan this Goldman Sachs price you’ll see ‘doomsday’ & ‘free-fall’, but on a more careful reading you’ll also see …. errr … ‘doomsday’ & ‘free-fall’. Enjoy! đ
5 July, 2016 by The TZ Newswire Staff Comments Off on Alibaba drives into connected car market with Roewe RX5 SUV
Alibaba drives into connected car market with Roewe RX5 SUV
Two of China’s biggest household brands have created what they call “the world’s first mass-produced car on the internet.”
5 July, 2016 by The TZ Newswire Staff Comments Off on British pound sinks to new depths on Brexit anxiety
British pound sinks to new depths on Brexit anxiety
Sterling carved out a fresh 31-year trough early on Wednesday, having taken a turn for the worse post-Brexit.
5 July, 2016 by The TZ Newswire Staff Comments Off on The Central Bank Credibility ‘Death Cross’
The Central Bank Credibility ‘Death Cross’
Charting Eisteinian madness… “doing the same thing over and over again and expecting different results.”
As Bloomberg reports, a Federal Reserve measure of expectations for U.S. inflation for the next decade touched the lowest ever, even as policy makers attempt to stoke growth in the worldâs largest economy. The index, which tracks five-year inflation expectations starting five years in the future, fell to 1.31 percent on June 27, the lowest since at least 1999, data compiled by Bloomberg show.
5 July, 2016 by The TZ Newswire Staff Comments Off on These 2 Forces Will Crush the San Francisco Housing Bubble
These 2 Forces Will Crush the San Francisco Housing Bubble
By Wolf Richter, WOLF STREET:
The San Francisco housing bubble â locally called âHousing Crisisâ â needs a few things to be sustained forever, and that has been the plan, according to industry soothsayers: an endless influx of money from around the world via the startup boom that recycles that money into the local economy; endless and rapid growth of highly-paid jobs; and an endless influx of people to fill those jobs. Thatâs how the booms in the past have worked. And the subsequent busts have become legendary.
5 July, 2016 by The TZ Newswire Staff Comments Off on How Machines Destroy (And Create) Jobs
How Machines Destroy (And Create) Jobs
âThereâs just doesnât seem to be many blacksmith jobs these days.â
At first glance, this would be a ridiculous thing to say. Of course there arenât many blacksmiths around. We live in a modern society and machines do a way better job of making things from metal anyways.
However, as VisualCapitalist’s Jeff Desjardins points out, it also raises an important point.
5 July, 2016 by The TZ Newswire Staff Comments Off on Stock Market Today: Why Tesla Motors Inc and Netflix, Inc. Made Headlines
Stock Market Today: Why Tesla Motors Inc and Netflix, Inc. Made Headlines
Stocks fell on their first trading session since concluding their best weekly performance of the year. On Tuesday the Dow Jones Industrial Average (DJINDICES: ^DJI) gave up 109 points, or 0.6%, and the S&P 500 (SNPINDEX: ^GSPC) lost 14 points, or 0.7%.
The energy sector was the market’s worst performer, slumping as crude oil prices fell by 5%.
