11 July, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.6950 (vs. yesterday at 6.6843)
PBOC sets USD/CNY central rate at 6.6950 (vs. yesterday at 6.6843)
In Open Market operations, the PBOC inject 30bn yuan through via 7-day reverse repos
Higher USD since the previous setting this time yesterday results in a higher USD/CNY midpoint from the PBOC today. USD/CNY to it highest (and therefore the yuan to its lowest) since October of 2010.
11 July, 2016 by The TZ Newswire Staff Comments Off on Why Doesn’t Apple Inc. Buy Pandora Instead of Tidal?
Why Doesn’t Apple Inc. Buy Pandora Instead of Tidal?
Apple (NASDAQ: AAPL) could soon buy Tidal, a music streaming service owned by Jay Z, according to The Wall Street Journal. Jay Z purchased the service from Swedish company Aspiro for $56 million last March. To attract musicians to the platform, he gave 19 artists small stakes in the company, and backed each artist with millions of dollars in marketing. The service now hosts exclusive songs from Kanye West, Rihanna, Prince, and Jay Z’s wife, Beyonce, along with a catalog of 40 million songs.
11 July, 2016 by The TZ Newswire Staff Comments Off on One Year After Surpassing Walmart, Amazon Is Now Bigger Than Berkshire
One Year After Surpassing Walmart, Amazon Is Now Bigger Than Berkshire
Jeff Bezos has marked another milestone. Nearly one year to the day following Amazon’s surpassing of Walmart’s market capitalization on the heels of a great report on AWS (Amazon Web Services) growth numbers, Amazon has surpassed another American business icon’s market capitalization, that of Warren Buffett’s Berkshire Hathaway…
11 July, 2016 by The TZ Newswire Staff Comments Off on Rumored Tesla Motors, Inc. Securities-Law Breach Investigation: What Investors Know
Rumored Tesla Motors, Inc. Securities-Law Breach Investigation: What Investors Know
Tesla Motors (NASDAQ: TSLA) stock is trading down just over a percent during after-hours trading, after The Wall Street Journal reported that the Securities and Exchange Commission is investigating whether the electric-car maker breached securities laws by not disclosing a fatal crash before its stock offering in May.
11 July, 2016 by The TZ Newswire Staff Comments Off on Japan PM Abe is said to be meeting with Bernanke in Tokyo today
Japan PM Abe is said to be meeting with Bernanke in Tokyo today
Bloomberg with that headline
And giving USD/JPY a bit of a boost!
The fact that Bernanke and Abe are meeting isn’t new news. Bernanke met with Kuroda yesterday and Abe is next on the itinerary.
11 July, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Trump on Clinton in 2008: ‘She’d make a good president’
The Wall Street Journal: Trump on Clinton in 2008: ‘She’d make a good president’
Donald Trump is attacking Hillary Clinton these days, but eight years ago, in the midst of the 2008 Democratic primary race, he said she would “make a good president” and a lot of people thought pairing her with Barack Obama would be a “dream ticket.”
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11 July, 2016 by The TZ Newswire Staff Comments Off on Why Lumber Liquidators Holdings, Inc. Stock Popped 17.7% in June
Why Lumber Liquidators Holdings, Inc. Stock Popped 17.7% in June
Image source: Lumber Liquidators Holdings, Inc.
What: Shares of Lumber Liquidators Holdings Inc. (NYSE: LL) rose 17.7% in June, according to data from S&P Global Market Intelligence, with the majority of its gains coming after receiving a positive decision from the Consumer Product Safety Commission (CPSC).