5 September, 2017 by The TZ Newswire Staff Comments Off on Why Bank Stocks Tanked on Tuesday
Why Bank Stocks Tanked on Tuesday
Tuesday proved to be a tough start to the week for bank stocks. Following the holiday weekend, stocks across the board were down, with bank stocks in the lead.
The broader market, represented by the S&P 500, lost 0.8%. Meanwhile, the KBW Bank index, which tracks shares of two dozen large-cap bank stocks, fell 2.3%.
The Chase Tower in Phoenix, Arizona. Image source: Getty Images.
5 September, 2017 by The TZ Newswire Staff Comments Off on Russian oil minister Novak says would extend oil production cut if needed
Russian oil minister Novak says would extend oil production cut if needed
Russian Energy
Minister Novak says we will take the decision to extend global oil
production cut deal if such decision would be needed
– He was asked about possible adjustment to the global deal to cut oil production and replied all is possible
Headlines via Reuters
5 September, 2017 by The TZ Newswire Staff Comments Off on US Bitcoin Exchange Coinbase Hits 10 Million Users
US Bitcoin Exchange Coinbase Hits 10 Million Users
After two (and soon three) “generational” market crashes, Joe Sixpack may have lost interest in the stock market (or at least in single names, the transfer of bagholder rights from institutions to retail investors via ETFs is doing just fine), but when it comes to chasing torrid, upward price momentum, US retail investors are doing their best frenzied Chinese housewife impression now that they have discovered the next big bubble thing, and it’s called bitcoin.
5 September, 2017 by The TZ Newswire Staff Comments Off on Ogier Appoints Bermingham As Counsel In Luxembourg Office
Ogier Appoints Bermingham As Counsel In Luxembourg Office
Global law firm Ogier has named experienced investment fund lawyer James Bermingham to the company’s Luxembourg team as counsel.
5 September, 2017 by The TZ Newswire Staff Comments Off on Is it still acceptable in 2017 to ask: ‘What do you do for a living?’
Is it still acceptable in 2017 to ask: ‘What do you do for a living?’
One Russian woman the author recently met answered: ‘I make money for American democracy.’
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5 September, 2017 by The TZ Newswire Staff Comments Off on One way Hurricane Irma could affect the U.S. — even if it misses Florida
One way Hurricane Irma could affect the U.S. — even if it misses Florida
Hurricane Irma is projected to wreak havoc across much of the Caribbean.
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5 September, 2017 by The TZ Newswire Staff Comments Off on Mr. Watanabe (srsly) says no reason for 2% inflation before BOJ tapering
Mr. Watanabe (srsly) says no reason for 2% inflation before BOJ tapering
Hiroshi Watanabe is president of the Institute for International Monetary Affairs in Tokyo and is a former currency chief at the Ministry of Finance
Says the Japanese economy has recovered enough for BOJ to begin to cut back on its stimulus policy