7 January, 2017 by The TZ Newswire Staff Comments Off on Macy’s Stock Plunges on Weak Sales Forecast — but Investors Are Overreacting
Macy’s Stock Plunges on Weak Sales Forecast — but Investors Are Overreacting
Shares of Macy’s (NYSE: M) and Kohl’s (NYSE: KSS) were crushed on Thursday, after both department store operators cut their earnings forecasts due to weak holiday season sales. Macy’s stock tumbled 14%, leaving it near a 52-week low. Kohl’s shares plunged a painful 19%, eviscerating two months of big gains.
7 January, 2017 by The TZ Newswire Staff Comments Off on Ex-Mexican President calls Trump’s border wall ‘racist monument’
Ex-Mexican President calls Trump’s border wall ‘racist monument’
Ex-Mexican President calls Trump’s border wall ‘racist monument’
One wall – two very different characterizations.
7 January, 2017 by The TZ Newswire Staff Comments Off on Fed’s Kashkari likes the chances of his too-big-to-fail bank overhaul under Trump
Fed’s Kashkari likes the chances of his too-big-to-fail bank overhaul under Trump
Minneapolis Fed President Neel Kashkari says he’s optimistic about his bank reform plan’s chances under incoming president Donald Trump.
7 January, 2017 by The TZ Newswire Staff Comments Off on What If You Considered Gilead Sciences a Start-Up?
What If You Considered Gilead Sciences a Start-Up?
Valeant Pharmaceuticals CEO Joe Papa likes to refer to his company as a start-up, even though Valeant has been around for years and has plenty of products on the market. I understand where Papa is coming from, though, since he’s trying to rebuild the embattled drugmaker.
His reference got me to thinking: What if investors thought of Gilead Sciences (NASDAQ: GILD) as a start-up? I suspect this different perspective would make the big biotech appear much more attractive to investors than it seems to have been lately. Here’s why.
7 January, 2017 by The TZ Newswire Staff Comments Off on Russian RT.com Responds To US Intel Report It Helped Trump Defeat Hillary
Russian RT.com Responds To US Intel Report It Helped Trump Defeat Hillary
The US intelligence community has released the unclassified findings of its investigation into what it says was Russian meddling in the 2016 presidential election, and Russia’s RT.com apparently takes a significant chunk of the blame, “by serving as a platform for Kremlin messaging to Russian and international audiences.” Or does it?
RT responds to these ‘charges’ below with some ‘facts’…
7 January, 2017 by The TZ Newswire Staff Comments Off on The Week Ahead: Who Is The Bears Best Friend?
The Week Ahead: Who Is The Bears Best Friend?
The quiet end to 2016 set the stage for the resumption of the rally as the three week trading range in the Spyder Trust (SPY) was completed. The bullish sentiment from AAII hit a six week high on Thursday and at 46.2% is well above its long term average of 38.5% but who is the bear’s best friend?
7 January, 2017 by The TZ Newswire Staff Comments Off on Fed’s Powell says some parts of Trumponomics might help central bankers
Fed’s Powell says some parts of Trumponomics might help central bankers
More business-friendly regulation and fiscal support could boost America’s policy mix, Fed Governor Jerome Powell said.