7 June, 2017 by The TZ Newswire Staff Comments Off on Fed Just Sort of Confident About Full Employment
Fed Just Sort of Confident About Full Employment
By Tim Duy PhD – Over at Project Syndicate, Brad DeLong takes issue with Fed policy decisions. Importantly, he identifies, correctly, that the Fed’s forecasting record in recent years has been less than optimal. Much less. The repeated…
7 June, 2017 by The TZ Newswire Staff Comments Off on Financial Fragility Reaching a Critical Mass
Financial Fragility Reaching a Critical Mass
By Danielle Park – There are several key factors that have contributed to the financial fragility of the masses and our economy today. First, is that over the past 30 years, globalization and technology have helped to reduce the number…
7 June, 2017 by The TZ Newswire Staff Comments Off on The Not-So-Subtle Reason Behind Valeant Pharmaceuticals’ 30% Rise in May
The Not-So-Subtle Reason Behind Valeant Pharmaceuticals’ 30% Rise in May
Shares of Valeant Pharmaceuticals (NYSE: VRX), an embattled drugmaker known for growing by acquisition and raising prices on mature therapies, exploded 30% higher in May, according to data from S&P Global Market Intelligence. The reason for the surge in Valeant’s share price can be traced to its better-than-expected first-quarter earnings release on May 9.
7 June, 2017 by The TZ Newswire Staff Comments Off on LA briefs: Starwood bets big on West Hollywood hotel, Blackstone cashes out on three offices … & more
LA briefs: Starwood bets big on West Hollywood hotel, Blackstone cashes out on three offices … & more
From the June issue: The 286-room James hotel has yet to open, but it’s already on the chopping block. CIM Group is nearing a deal to sell the West Hollywood property to Barry Sternlicht’s Starwood Capital for close to $975,000 a key, bringing the total sale price to nearly $280 million, though there is no hard contract yet. Spring cleaning at the Blackstone Group means a massive payday. The investment firm closed on the sale of a […]
7 June, 2017 by The TZ Newswire Staff Comments Off on ForexLive Americas FX news wrap: Dollar cheers Comey’s opening statement
ForexLive Americas FX news wrap: Dollar cheers Comey’s opening statement
Forex news for New York trading on June 7, 2017:
Markets:
– Gold down $7 to $1287
– WTI crude down $2.42 to $45.77
– US 10-year yields up 3 bps to 2.175%
– S&P 500 up 4 points to 2433
A few stories were fighting to be the main headline on Wednesday as the ECB, oil and Comey all took turns in the spotlight.
7 June, 2017 by The TZ Newswire Staff Comments Off on Why Hawaiian Holdings, MBIA, and bluebird bio Jumped Today
Why Hawaiian Holdings, MBIA, and bluebird bio Jumped Today
The stock market regained some ground on Wednesday, as major benchmarks eased higher to make up for losses earlier in the week. Market participants kept their eyes on Washington, where written remarks from former FBI Director James Comey ahead of his hearing tomorrow drew plenty of attention but didn’t lead to a dramatic negative response on Wall Street. Financial stocks generally did well, while a drop in crude oil prices weighed on the energy sector. Several individual stocks put in solid showings, helping to add to positive sentiment.
7 June, 2017 by The TZ Newswire Staff Comments Off on Ex-Minneapolis Fed Chief Has Plan To #MAGA
Ex-Minneapolis Fed Chief Has Plan To #MAGA
Narayana Kocherlakota throws his hat into the Fed chair sweepstakes.