14 July, 2016 by The TZ Newswire Staff Comments Off on City Hall was “aware of” Rivington House deal before $116M sale: report
City Hall was “aware of” Rivington House deal before $116M sale: report
Despite feigning ignorance over a controversial deal to sell a Lower East Side nursing home to luxury condo developers, City Hall was both “aware of and involved” in the deliberations that paved the way for the lucrative transaction, according to a probe of the de Blasio administration’s role in the deal.
14 July, 2016 by The TZ Newswire Staff Comments Off on 4 Top Stocks Hit New Highs As Line Soars In IPO
4 Top Stocks Hit New Highs As Line Soars In IPO
A drugmaker and an amusement park operator were among leading stocks making new highs Thursday, as a Japanese messaging app made its debut on the NYSE.
Pfizer (PFE) gained 0.61 to 36.92, clearing a nearly yearlong pattern. Shares are still in buy range from a handle entry at 35.60. Heavy volume has yet to come into play.
14 July, 2016 by The TZ Newswire Staff Comments Off on 4 Signs Fitbit Inc’s High-Growth Days Are Over
4 Signs Fitbit Inc’s High-Growth Days Are Over
Fitness tracker maker Fitbit (NYSE: FIT) was a Wall Street darling last year, soaring from its IPO price of $20 to over $50 between June and August. But the stock has since plunged over 70% due to ongoing concerns that the company’s high-growth days are over. I don’t like to kick a stock while it’s down, but I think the bears are right about this beaten-down stock for four simple reasons.
Image source: Fitbit.
14 July, 2016 by The TZ Newswire Staff Comments Off on Samsung SDS Invests in Blockchain Startup
Samsung SDS Invests in Blockchain Startup
An information technology affiliate of Samsung announced today that it has invested in a blockchain startup.
14 July, 2016 by The TZ Newswire Staff Comments Off on What Happened in the Stock Market Today
What Happened in the Stock Market Today
Stocks ended in record territory for the third straight session as promising quarterly earnings reports from the banking sector stoked investor optimism. The Dow Jones Industrial Average (DJINDICES: ^DJI) rose by 134 points on Thursday, or 0.7%, and the S&P 500 (SNPINDEX: ^GSPC) added 11 points, or 0.5%.
Data by YCharts
14 July, 2016 by The TZ Newswire Staff Comments Off on Wanted at TRD: Web reporter
Wanted at TRD: Web reporter
The Real Deal, New York City’s first and largest real estate-focused newsmagazine, is seeking a web reporter to join our team in Manhattan. With over 2.4 million visits a month, TheRealDeal.com is the go-to news source for some of the city’s top real estate, finance and investment professionals. Our coverage includes breaking news, data features, investigative stories, market reports and long-form narrative profiles.
14 July, 2016 by The TZ Newswire Staff Comments Off on Nothing Else Matters
Nothing Else Matters
There are still some who live in the fantasy world of fundamentals, earnings, macro business-cycles, and efficient markets… for everyone else, we offer the following seven charts to explain what really matters in the new red-pill normal… are you ready to find out how deep the rabbit hole runs?
As Global GDP growth expectations plumb new depths, world stock markets are surging to record highs…