26 August, 2016 by The TZ Newswire Staff Comments Off on Market Snapshot: U.S. stock futures steady as all eyes are on Jackson Hole, Yellen
Market Snapshot: U.S. stock futures steady as all eyes are on Jackson Hole, Yellen
U.S.
26 August, 2016 by The TZ Newswire Staff Comments Off on Fed’s Lockhart: Can see two hikes this year
Fed’s Lockhart: Can see two hikes this year
Lockhart on Bloomberg TV
– It’s natural to see different signals from economic data
– Nothing is locked in for monetary policy
– Fed models are useful inputs to guide judgement
Earlier Lockhart said one hike was likely on Fox Business.
26 August, 2016 by The TZ Newswire Staff Comments Off on Apollo Global to buy Rackspace Hosting in $4.3 billion deal
Apollo Global to buy Rackspace Hosting in $4.3 billion deal
Cloud company Rackspace on Friday announced that it has entered into a $4.3 billion cash deal to become a private company.
26 August, 2016 by The TZ Newswire Staff Comments Off on 3 Great Reasons to Sell Twitter, Inc.
3 Great Reasons to Sell Twitter, Inc.
…and slowly dying. Image source: Twitter.
Twitter (NYSE: TWTR) is in a world of hurt these days. Share prices have fallen 20% in 2016 and 42% from last October’s 52-week highs. This could be a fantastic turnaround story in the making, assuming that the social network can set its financial house in order. But I’m not here to search for signs of a bounce.
26 August, 2016 by The TZ Newswire Staff Comments Off on US dollar suddenly under pressure
US dollar suddenly under pressure
Market thinking Yellen will do the dovish dance
The US dollar is taking a bit of a smack at the moment. AUD/USD jumped to 0.7675 from 0.7640 after middling reports on GDP and wholesale inventories.
26 August, 2016 by The TZ Newswire Staff Comments Off on Tesla Gets Government Approval for SolarCity Acquisition
Tesla Gets Government Approval for SolarCity Acquisition
26 August, 2016 by The TZ Newswire Staff Comments Off on In Surprising Twist, Ackman Named As Potential Buyer Of Icahn Herbalife Stake
In Surprising Twist, Ackman Named As Potential Buyer Of Icahn Herbalife Stake
Having won the battle with Bill Ackman over the existential legality of Herbalife, which a month ago was found to not be a pyramid scheme after paying a $200 million fine and agreeing to make changes to its business, Carl Icahn, who owns 18% of the nutritional company, has found himself in a curious place: with no further upside catalysts and with the company levered to the neck with recent buyback-funding debt issues, there is litle upside left. In fact, the stock has been drifting lower ever since the settlement.