16 March, 2017 by The TZ Newswire Staff Comments Off on Bitcoin Price Support Weakens in Dip Below $1,200
Bitcoin Price Support Weakens in Dip Below $1,200
After several days of rangebound trading, bitcoin’s price took a tumble today, dropping below the $1,200 mark.
16 March, 2017 by The TZ Newswire Staff Comments Off on See Where Immigrants Out-Earn US-Born Citizens
See Where Immigrants Out-Earn US-Born Citizens
America is a nation built by (legal) immigrants, and on the premise that anyone can make it to the top. While that may be true, most new arrivals find themselves starting at the bottom of the pile. As HowMuch.net details, right across the country, households headed by persons born outside the U.S. earn less than households run by native-born Americans. But that wage gap varies widely per state, from close to $20,000 to less than $1,000. And in some places, the gap is even reversed, in favor of the immigrant households.
16 March, 2017 by The TZ Newswire Staff Comments Off on The Fed faces Stagflation (Hike or No Hike)
The Fed faces Stagflation (Hike or No Hike)
The Fed has completely backed itself into a corner.
The truth that no one wants to admit, is that the Fed should have raised rates in 2012. Instead Bernanke “gifted” QE 3 to the Obama admin to help its re-election bid. The Fed finally got around the hiking rates for the first time in seven years at the end of 2015.
Fast-forward to today and the Fed is now facing stag-flation: a situation in which inflation is developing while the economy is weak.
16 March, 2017 by The TZ Newswire Staff Comments Off on Peabody Bankruptcy Exit Could Mean Millions For Hedge Funds
Peabody Bankruptcy Exit Could Mean Millions For Hedge Funds
When leading U.S. coal miner Peabody Energy emerges from bankruptcy next month, a group of seven investment funds, including Paul Singer’s Elliott Management and Mark Brodsky’s Aurelius Capital Management, could reap hundreds of millions of dollars in gains from an unusual sale of discounted company stock.
16 March, 2017 by The TZ Newswire Staff Comments Off on Portland Anarchists Begin Fixing Roads & Potholes (Because the Government Won’t)
Portland Anarchists Begin Fixing Roads & Potholes (Because the Government Won’t)
16 March, 2017 by The TZ Newswire Staff Comments Off on Forget Amazon.com, Macy’s Says This Is the Bigger Threat to Its Business
Forget Amazon.com, Macy’s Says This Is the Bigger Threat to Its Business
Amazon.com (NASDAQ: AMZN) may look like the biggest threat to retail today, and the rise of e-commerce has certainly destroyed many once-healthy companies, but Macy’s (NYSE: M) discounts the notion that the e-tailer is responsible for its woes, blaming instead off-price outlets like T.J. Maxx as undermining its operations.
Macy’s CFO Karen Hoguet recently told analysts at the UBS Consumer & Retail Conference: