17 February, 2017 by The TZ Newswire Staff Comments Off on Norway Central Banker Warns Of Massive 50% Drop In Wealth Fund Assets To Cover Budget Deficits
Norway Central Banker Warns Of Massive 50% Drop In Wealth Fund Assets To Cover Budget Deficits
Back in August, we noted that, for the first time since it’s creation in 1996, the Norwegian government had started raiding its sovereign wealth fund in 2016 to cover government deficits. Then in October the Nordic country revealed plans to massively increase withdrawals by over 25% in 2017, to $15 billion, to cover a budget hole that was expected to be roughly 8% of GDP.
17 February, 2017 by The TZ Newswire Staff Comments Off on Police officer accused of stealing heroin from scene of deadly overdose
Police officer accused of stealing heroin from scene of deadly overdose
Police officer accused of stealing heroin from scene of deadly overdose
COLOMA TWP., Michigan (WXMI) — A Coloma Township Police officer has been charged with stealing a heroin/fentanyl mix from the scene of an o
17 February, 2017 by The TZ Newswire Staff Comments Off on The Washington Post Actually Takes Russian Government Money (Unlike The Websites It Helped Slander)
The Washington Post Actually Takes Russian Government Money (Unlike The Websites It Helped Slander)
17 February, 2017 by The TZ Newswire Staff Comments Off on Natural Gas Futures Lose Ground (UGAZ)
Natural Gas Futures Lose Ground (UGAZ)
Monday saw weakness for the commodity, with natural gas futures seeing extended losses despite lower inventories and a Texas explosion disrupting production.
17 February, 2017 by The TZ Newswire Staff Comments Off on The Four Horsemen of the Retirement Apocalypse
The Four Horsemen of the Retirement Apocalypse
There are close to 76 million baby Boomers (born between 1946 and 1964) alive today representing 28% of the total US population. Starting in 2011, an estimated 10,000 Boomers have been retiring every day and that trend will continue for at least another 10…
17 February, 2017 by The TZ Newswire Staff Comments Off on Recent Cuts In Commissions
Recent Cuts In Commissions
Some brokers have lowered their commissions.
On February 3, 2017 Schwab cut its commissions from $8.95 to $6.95.
On February 16, 2017 Firstrade cut its commissions from $6.95 to $4.95. They also dropped options from $0.75 to $0.65 per contract.
Which broker will be next to drop rates?
When was the last time Interactive Brokers lowered their commissions?
In 2016 IB’s Electronic Brokerage pretax profit margin was 61%, up from 49% in 2015.
IB has plenty of room to cut commissions if…