5 October, 2016 by The TZ Newswire Staff Comments Off on "Heaven Help Us If There Is Ever A Modest Blip Of An Inflation Impulse"
"Heaven Help Us If There Is Ever A Modest Blip Of An Inflation Impulse"
By Charlie McElligott, head of cross-asset desk strategy at RBC
5 October, 2016 by The TZ Newswire Staff Comments Off on 3 Reasons Pfizer’s Recent Drop Could Make It a Buying Opportunity
3 Reasons Pfizer’s Recent Drop Could Make It a Buying Opportunity
Image source: Getty Images.
Drug giant Pfizer (NYSE: PFE) is back full circle. After years of Wall Street speculation about whether the company would split into stand-alone parts, CEO Ian Read recently announced management’s decision: no split.
5 October, 2016 by The TZ Newswire Staff Comments Off on Elizabeth Holmes To Shut Theranos’ Core Operations, Fire 40% Of Workers
Elizabeth Holmes To Shut Theranos’ Core Operations, Fire 40% Of Workers
The death of Theranos has been long coming ever since the WSJ’ John Carreyrou did a phenomenal job, starting about one year ago, of exposing the fraud that is Clinton Global Initiative-darling Elizabeth Holmes, but as of this evening it is largely official. In an “open letter” just posted on the company’s website, Holmes said Theranos would shut down its blood-testing clinical labs and fire 340 of approximately 790 full time employees, roughly 40% of its entire workforce.
5 October, 2016 by The TZ Newswire Staff Comments Off on Intel Partners With Luxottica To Make Smart Glasses
Intel Partners With Luxottica To Make Smart Glasses
Intel (NASDAQ: INTC) recently partnered with eyewear giant Luxottica‘s (NYSE: LUX) Oakley brand to launch Radar Pace, a pair of smartglasses designed for athletes. The Radar Pace features personalized training programs, tracks heart rate and performance, and guides athletes with a real-time voice activated coaching system.
The Radar Pace. Image source: Oakley.
5 October, 2016 by The TZ Newswire Staff Comments Off on Fitch on China housing – city-specific policies to counter price pressures
Fitch on China housing – city-specific policies to counter price pressures
Fitch Ratings on disparate house price growth across China:
China’s central government will continue to focus on clearing housing inventories, especially in lower-tier cities, while implementing city-specific policies to tackle sharp housing price increases in higher-tier cities or cities with low inventories
5 October, 2016 by The TZ Newswire Staff Comments Off on China on holiday – no yuan ‘fix’. Banks’ China GDP forecasts instead
China on holiday – no yuan ‘fix’. Banks’ China GDP forecasts instead
Markets in China are closed this week as part of the Golden Week holidays.
So, there hasn’t been a CNY setting this week – back to normal Monday!
So, today, here are the latest Chinese GDP forecasts from a few banks. Beijing’s official goal is a 6.5% to 7% annual growth target:
5 October, 2016 by The TZ Newswire Staff Comments Off on Theranos closes labs, testing centers in dramatic downsizing
Theranos closes labs, testing centers in dramatic downsizing
Former Silicon Valley darling Theranos will close its labs and Wellness Centers, CEO Elizabeth Holmes revealed in a public letter.