1 December, 2016 by The TZ Newswire Staff Comments Off on Mexican Central Bank Head Quits Amid Fears Over "Trump Impact"
Mexican Central Bank Head Quits Amid Fears Over "Trump Impact"
In one of the day’s more puzzling developments, the Mexican peso tumbled on news that the head of the Mexican central bank, Augusten Carstens, who several years ago competed against Christine Lagarde for the top IMF post, announced he would unexpectedly stand down from his post next July. The term of the 58-year-old Carstens, who headed the central bank since 2010, was due to conclude at the end of 2021, which makes today’s announcement particularly surprising.
1 December, 2016 by The TZ Newswire Staff Comments Off on International Organizations Take Down Criminal Servers
International Organizations Take Down Criminal Servers
For anyone who is still a bit shaken given the recent international media attention to and coverage of cybersecurity vulnerabilities, here is some good news.
1 December, 2016 by The TZ Newswire Staff Comments Off on Excel Development set to demolish four Kips Bay buildings
Excel Development set to demolish four Kips Bay buildings
Excel Development Group is moving ahead with plans to demolish four walk-ups in Kips Bay, though it’s not yet clear what will be going in their place. Michael Heletz, the head of Forest Hills based Excel, filed plans with the city earlier this week to demolish 339, 341 and 343 East 33rd Street, DNAinfo reported. A fourth building at 345 East 33rd Street, which records show to be owned by an LLC, was also included … [more]
1 December, 2016 by The TZ Newswire Staff Comments Off on Why Qualcomm, Dollar General, and Express Slumped Today
Why Qualcomm, Dollar General, and Express Slumped Today
The stock market saw different cross-currents on Thursday, with areas like energy continuing to climb higher even as technology and other former highfliers gave up some ground. Most market commentators attributed the moves to sector rotation, spurred at least in part by the results of November’s elections. Major market benchmarks finished anywhere from up a third of a percent to down well over 1%, but some stocks fell even more than that. Among them were Qualcomm (NASDAQ: QCOM), Dollar General (NYSE: DG), and Express (NYSE: EXPR).
1 December, 2016 by The TZ Newswire Staff Comments Off on Howard Schultz on why he’s stepping down as Starbucks CEO
Howard Schultz on why he’s stepping down as Starbucks CEO
Starbucks CEO Howard Schultz will be succeeded by the current president, Kevin Johnson, The New York Times reports.
1 December, 2016 by The TZ Newswire Staff Comments Off on Rig Company Stocks Got Big Bumps From OPEC and Trump in November
Rig Company Stocks Got Big Bumps From OPEC and Trump in November
Image source: Getty Images.
This past month was a great time to be invested in the energy industry in general, but land rig drilling companies were some of the biggest beneficiaries of the big stock bumps following the election of Donald Trump and the end-of-month announcement that OPEC would be cutting production. Here’s a list of the land drilling companies that all saw larger than double-digit price movements in November
