2 March, 2017 by The TZ Newswire Staff Comments Off on Can Zelle Replace Venmo? Banking Giants Fight Back.
Can Zelle Replace Venmo? Banking Giants Fight Back.
Does “Can you Zelle me the payment?” have the same ring to “You can just Venmo me?” A company knows that it has made it when people turn its name into a verb, as Venmo and Uber (despite its bad press these past few weeks)… Read More
2 March, 2017 by The TZ Newswire Staff Comments Off on Required Minimum Distributions and Your IRA
Required Minimum Distributions and Your IRA
Most people don’t celebrate “half-birthdays” unless their big day happens to fall on or near a major holiday. But it’s important that you mark the day you turn 70 ½ on your calendar. That’s because, once you reach this milestone, the IRS requires you to start taking distributions from your retirement accounts. These distributions are called required minimum distributions (RMDs).
2 March, 2017 by The TZ Newswire Staff Comments Off on Russian Foreign Ministry Spokeswoman to CNN: ‘Stop Spreading Lies and Fake News’
Russian Foreign Ministry Spokeswoman to CNN: ‘Stop Spreading Lies and Fake News’
Russia’s outspoken foreign ministry spokeswoman, Maria Zakharova, had some choice words for CNN — after being confronted by their reporters over the AG Sessions’ hysteria. In a prepared statement, she called the event ‘media vandalism’ and a ‘disgrace’ — suggesting the US media is down in the depths of depravity and deceit.
She stated the American media had “cross(ed) the line far beyond the professional ethics and their competence. They accuse and judge by simply fabricating false information.”
2 March, 2017 by The TZ Newswire Staff Comments Off on China February service sector growth slows to four-month low: Caixin PMI
China February service sector growth slows to four-month low: Caixin PMI
The data from earlier is here:
China – Caixin February PMIs: Services 52.6 (prior 53.1) & composite 52.6 (52.2)
Reuters have a bit more up as a recap:
– Activity in China’s services sector expanded at the slowest pace in four months
2 March, 2017 by The TZ Newswire Staff Comments Off on Minimum Wage Hikes Don’t Benefit Low-Income Families But Do Raise Youth Unemployment Rates
Minimum Wage Hikes Don’t Benefit Low-Income Families But Do Raise Youth Unemployment Rates
As written by Jack Salmon and first appearing on The Hill
With 19 states raising the minimum wage at the beginning of 2017, it seems that Sen. Bernie Sanders (I-Vt.) “Fight for 15” campaign is becoming a reality.
2 March, 2017 by The TZ Newswire Staff Comments Off on The FT likes Japan inflation data: "Good news for Abe and BoJ"
The FT likes Japan inflation data: "Good news for Abe and BoJ"
The Financial Times on today Japanese inflation data
FT in brief:
The FT goes on:
The data suggest price pressures in Japan are picking up again with the recovery of global commodity prices and a slide in the yen since the election of US president Donald Trump, giving the BoJ renewed hope of hitting its 2 per cent inflation target.
2 March, 2017 by The TZ Newswire Staff Comments Off on Jeffrey Saut Argues Bull Market Has Years Left to Run
Jeffrey Saut Argues Bull Market Has Years Left to Run
Jeffrey Saut, Chief Investment Strategist at Raymond James, doesn’t buy the argument that the US stock market is expensive and believes the current bull market could continue for another 6-8 years. That being said, he is short-term cautious with the current run-up, noting…