Translate

Search This Blog

Search Tool




Aug 6, 2015

Gerald Celente - Trends in The News: "Chinese Rig Equity Markets ...Again" ( Orinally Published on August 4, 2015).


Gerald Celente - Trends In The News - "Chinese Rig Equity Markets… Again" - (8/4/15)


Look Who’s Talking: Federal Trade Commission Business Blog Updates- August 6, 2015.

Bureau of Consumer Protection Business Center Blog Updates from the Federal Trade Commission
 
By Lesley Fair
 
Federal and state law enforcers and leading members of the debt collection industry. According to the line-up just announced by the FTC, that’s who will be talking at the FTC’s second Debt Collection Dialogue, set for September 29th in Dallas. But there’s another important voice that will be heard, too.
Read more >

Federal Reserve announces results of offering of 14-day term deposits on August 6: FRB Notification - August 6, 2015:



Press Release

Release Date: August 6, 2015

For release at 3:30 p.m. EDT

On August 6, 2015, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered 14-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.
Following are the results of the operation:

DealBook P.M. Edition - August 6, 2015: Salesforce Ventures and Microsoft Join Informatica Buyout.

 
 
TOP STORY
Salesforce Ventures and Microsoft Join Informatica Buyout The two companies, partners of the enterprise software maker, will take ownership stakes in the biggest leveraged buyout of the year.

Federal Reserve of New York Org. - August 6, 2015: Agency MBS Transaction Data Update

Agency MBS Transaction Summary
Gross purchases from July 30 through August 5: $7,684 million
Sales (dollar rolls) from July 30 through August 5: $0 million
Net purchases from July 30 through August 5: $7,684 million

All amounts reflect current face

Wall Street at Close Report - August 6, 2015: Dow Posts 6-Day Losing Streak as Media Stocks Plunge; Jobs in Focus

cnbc.com

Dow posts 6-day losing streak as media stocks plunge; jobs in focus

Evelyn Cheng
 
U.S. stocks closed lower on Thursday, with the Nasdaq off 1.6 percent, as investors weighed declines in oil and disappointing earnings ahead of Friday's key employment report.
"There's nervousness among momentum investors caused by some of the outperforming names either missing or giving cautious comments in earnings reports," said Robert Pavlik, chief market strategist at Boston Private Wealth.

Jeffrey Lewis: Living With Rigged Markets and U.S. Government -- er, JPM -- Rescues Comex Gold Contract: GATA | THE GATA DISPATCH - August 6, 2015:

Jeffrey Lewis: Living with rigged markets

Submitted by cpowell on  Thursday, August 6, 2015.Thursday, August 6, 2015

In his new commentary, "Living with Rigged Markets," Silver Coin Investor proprietor Jeffrey Lewis notes that the sort of questions GATA lately has been putting to supposed gold market analysts about the gold market apply well to the silver market too. Lewis' commentary is posted at Silver Coin Investor here:

IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists; Losses Top $20 Million: IRS Taxpayers Warning - August 6, 2015:

IRS.gov Banner


Issue Number:    IR-2015-99

Inside This Issue

IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists; Losses Top $20 Million
IR-2015-99, Aug. 6, 2015

WASHINGTON — Following the emergence of new variations of widespread tax scams, the Internal Revenue Service today issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful tactics scammers use to trick people.

These schemes – which can occur over the phone, in e-mails or through letters with authentic looking letterhead – try to trick taxpayers into providing personal financial information or scare people into making a false tax payment that ends up with the criminal.

The best of Guardian Opinion - August 6, 2015.

The best of Guardian opinion
Thursday 06 Aug 2015
g
Today's opinion articles More »

GATA is a Beacon Away From the Financial Swamp, Not a Stock Picker: GATA | THE GATA DISPATCH - August 6, 2015.

GATA is a beacon away from the financial swamp, not a stock picker

Submitted by cpowell on Thursday, August 6, 2015. By Michael Ballanger
Wednesday, August 5, 2015


Last night I was moored in a tiny pocket in a part of Georgian Bay called Port Rawson Bay in about 10 feet of crystal-clear fresh water, with huge pines and cedars around the shoreline and rocks jutting 40 feet out of the water but without a cell phone or Internet signal, and that was scary. (Almost as scary as the legions of mosquitoes that blanketed the mesh screens that separated us from them, thanks to hockey socks stuffed into holes in the canvas and citronella candles that the little bastards detest.)

FRB Enforcement Actions - August 6, 2015: OSB Community Bank (PDF).



Press Release

Release Date: August 6, 2015

For release at 11:30 a.m. EDT

The Federal Reserve Board on Thursday announced the execution of the following enforcement action:

OSB Community Bank (PDF), Brooklyn, Michigan
Written Agreement dated July 30, 2015

For media inquiries, call 202-452-2955.

 
Last update: August 6, 2015

European Markets at Close Report on August 6, 2015: Europe closes largely lower; BoE holds rates.

cnbc.com

Europe closes largely lower; BoE holds rates

Alexandra Gibbs, Arjun Kharpal, Kalyeena Makortoff
 
European stocks closed lower on Thursday, as crude prices hit fresh lows and the Bank of England (BoE) decided to keep its key interest rate unchanged.
The pan-European Stoxx 600 closed around 0.8 percent lower. The French CAC index closed a smidgen below the flatline, as did Britain's FTSE 100, which pared gains after the BoE rate decision.
Germany's DAX closed around 0.4 percent lower.



 


FTSE FTSE 100 Index 6751.69
-0.72 -0.01% 535241899
DAX DAX Index 11602.83
-33.47 -0.29% 53969397
CAC 40 CAC 40 Index 5198.22
1.49 0.03% 71200989
IBEX 35 IBEX 35 Idx 11266.30
-13.20 -0.12% 149783618

Bank of England study: Gold is best money but buying it risks offending U.S.: GATA | THE GATA DISPATCH on August 6, 2015.

Bank of England study: Gold is best money but buying it risks offending U.S.

Submitted by cpowell on Thursday, August 6, 2015 Thursday, August 6, 2015

A Bank of England policy study written in 1988 describes gold as "the ultimate store of value and medium of exchange" because it carries no counterparty risk but cautions against increasing the United Kingdom's gold reserves because doing so might be construed as a negative comment on the U.S. dollar and thus would risk giving "great offense to the United States."

Google and the Spread of the 'Right to Be Forgotten': Bits | The Business of Technology - August 6, 2015:


 Thursday, August 6, 2015
Daily Report
Google and the Spread of the 'Right to Be Forgotten' | If you thought the so-called right to be forgotten was limited to Europe, think again.
A court ruling in Europe last year said that people could request search engines to remove a link if it went to a page that unfairly besmirched them. The ruling went somewhat counter to the prevailing thinking about the Internet as a sort of free-wheeling data hose.

Miller Energy Resources, Former CFO, Current COO Charged With Accounting Fraud: SEC Enforcement Actions - August 6, 2015.

 SEC Seal
08/06/2015 10:00 AM EDT

The Securities and Exchange Commission today announced charges alleging that Miller Energy Resources Inc., its former chief financial officer, and its current chief operating officer inflated values of oil and gas properties, resulting in fraudulent financial reports for the Tennessee-based company.  The audit team leader at the company’s former independent auditor also was charged in the matter.
In an order instituting administrative proceedings, the SEC’s Division of Enforcement alleges that after acquiring oil and gas properties in Alaska in late 2009, Miller Energy overstated their value by more than $400 million, boosting the company’s net income and total assets.  The allegedly inflated valuation had a significant impact, turning a penny-stock company into one that eventually listed on the New York Stock Exchange, where its stock reached a 2013 high of nearly $9 per share.
“Financial statement information is the cornerstone of investment decisions.  We’ve charged that Miller Energy falsified financial statement information and grossly overstated the value of its Alaska assets and that the company’s independent auditor failed to conduct an audit that complied with professional standards,” said William P. Hicks, Associate Regional Director of the SEC’s Atlanta office.  “The SEC will aggressively prosecute such conduct.”    

U.S. Stock Market Future Indications Update - August 6, 2015: U.S. stocks: Futures threaten choppy session as jobs report nears

marketwatch.com

U.S. stocks: Futures threaten choppy session as jobs report nears

Sara Sjolin
Wall Street was poised for another choppy session on Thursday, with stock-index futures flipping from minor losses to minor gains as investors gauge whether incoming data strengthen the case for a Federal Reserve rate hike.
Stock futures held on to minor gains after government data showed first-time claims for unemployment benefits rose by 3,000 in the week ended Aug. 1 to 270,000, matching forecasts. The focus remains on the top-tier jobs report on Friday, which traders have been waiting for all week.
Futures for the Dow Jones Industrial Average YMU5, +0.10%  were up 8 points, or less than 0.1%, at 17,483, with bulls looking to avert a six-day losing streak. The blue-chip benchmark closed lower for a fifth straight session on Wednesday, weighed by a 9% loss for Walt Disney Co. DIS, -9.17% which came on the back of a mixed earnings report.

Bloomberg Markets - August 6, 2015: BOE data dump, German output rallies, China stocks still selling.

Bloomberg Markets
Markets Morning
The Bank of England data dump, Germany's output rallies and still no relief for China's stock market. Here are some of the things that people in markets are talking about this morning.

Super Thursday

It's a landmark data dump from the Bank of England today, with Governor Mark Carney swamping the market with a torrent of reports alongside the outcome of the most exciting policy meeting this year. At noon in London, the BOE will release its August interest-rate decision, officials’ votes and new forecasts. The buildup to today has intensified because it arrives in the midst of a shifting policy tone -- the case for a rate hike is "the strongest it’s been for a while.”

German manufacturing soars

NYT First Draft on Politics - August 6, 2015: Republicans Gather Under the Lights to Talk Amongst Themselves.

8/6/2015 nytimes.com/firstdraft »
First Draft

Republicans Gather Under the Lights to Talk Amongst Themselves

A lectern during a walk-through in Cleveland for the first Republican presidential debate of the election season. Eric Thayer for The New York Times
8/6/2015
By Maggie Haberman
Good Thursday morning from Washington as Cleveland bustles with preparations for the first debates of the 2016 election season. Fox News moderators are looking to keep the top 10 candidates on their toes as they wrangle in prime-time, while the seven other candidates will have their say hours earlier. For each group, the preseason is over.
The stage is set. The lights are ready. The candidates have crammed. And the political world is counting down the clock.

DealBook Today's Top Headlines - August 6, 2015: Activist Investors Build Their Stakes | Bank of America Pulls Money Out of Paulson Fund | S.E.C. Approves Rule to Disclose C.E.O. Pay Ratio.

 
Thursday, August 6, 2015
TODAY'S TOP HEADLINES
By AMIE TSANG
ACTIVIST INVESTORS BUILD THEIR STAKES William A. Ackman has built up a $5.5 billion stake in Mondelez International, the maker of Oreo cookies and Cadbury chocolate, Alexandra Stevenson reports in DealBook. His $20 billion hedge fund, Pershing Square Capital Management, is betting on consolidation in the food industry with its 7.5 percent stake.

Mr. Ackman also took a 22 percent stake in Nomad Holdings, a so-called special purpose acquisition company. Nomad is focused on food companies and reached a deal to buy Iglo Foods, which sells fish sticks and frozen foods in Europe, for about $2.9 billion.

The Guardian Media Briefing - August 6, 2015.

Media briefing
Thursday 06 Aug 2015
g
Top stories on MediaGuardian More »

Breakfast show adds 350,000 listeners in three months to end of June in mini-recovery from worst ratings in 12 years
Spotify rival is still in its free trial period, so the real crunch will come when those users are prompted to pay
Daily time in front of the box falls 12% among children aged four to 15, Ofcom’s Communications Market Report shows
Greg Dyke responds to NUJ concerns after string of clubs shut out sports reporters but says the FA doesn’t have power to intervene

U.S. Stock Market Future Indications on August 6, 2015: U.S. stocks: Futures hint at choppy session as nonfarm payrolls near.

marketwatch.com

U.S. stocks: Futures hint at choppy session as nonfarm payrolls near

Sara Sjolin
 
Wall Street was poised for another volatile session on Thursday, with stock futures rising only slightly, as investors continued to gauge whether incoming data strengthen the case for a Federal Reserve rate hike.
Jobless-claims data due out premarket are likely to be viewed in that context. But the main focus is still the top-tier jobs report on Friday, which traders have been waiting for all week.
Futures for the Dow Jones Industrial Average YMU5, -0.10%  rose 4 points to 17,470, setting it on track for its first gain in six sessions. The blue-chip benchmark closed lower for a fifth straight session on Wednesday, weighed by a 9% loss for Walt Disney Co. DIS, -9.17% which came on the back of a mixed earnings report.

Asian Markets at Close Report on August 6, 2015: China stocks nudge down on worries about Beijing support

marketwatch.com

China stocks nudge down on worries about Beijing support

Chao Deng

Reuters
China’s shares fell and bank shares pressured Australia on Thursday, but Japan’s market rose ahead of a key jobs report in the U.S. later this week.
The Shanghai Composite Index SHCOMP, -0.89%  was ended 0.9% lower at 3661.54 and the smaller Shenzhen Composite 399106, -0.69%  shed 0.7% to 2113.65 as investors continue to assess the level of regulators’ commitment to support mainland stocks. China’s main stock index is 29% off its mid-June peak and has fallen 11% since July 23.
Hong Kong’s Hang Seng Index HSI, -0.57%  closed 0.6% lower, and a gauge of Chinese companies listed in the city fell 0.3%.