BUSINESS

Apple (AAPL) to Put Xbox’s Kinect on iPhone, iPad, MacBook and Macs; MacBook Pros Will Have Motion Sensors in 2014?

Apple (AAPL) has been experimenting with sensors starting with the TouchID. Following its fingerprint venture, it appears Apple wants to put Xbox’s Kinect technology to its line of products. The tech giant has acquired 3-D chip producer PrimeSense. The company was behind Xbox’s Kinect and it seems Apple wants to put the same feature on its iPhone, iPad and MacBook products, too.

Global Markets Overview – 11/22/13

There was a continuation of US dollar strength as unemployment claims and the US flash manufacturing PMI readings came in ahead of consensus. Unemployment claims fell to 323,000 and this reading was also well below analysts' estimates of 333,000. Effectively this brought the 4-week average claims down 7,000 to 339,000. This saw the continuation of the tapering talk theme and resulted in the dollar index holding its ground above 81. At the same time US 10-year yields traded at the highest leve...

Australian Stock Market Report – Morning 11/22/13

In US economic news, new claims for unemployment insurance fell from 344,000 to 323,000 in the latest week, below forecasts for a result near 335,000. Producer prices fell 0.2pct in October, in line with forecasts. Excluding food and energy, prices rose by 0.2pct, ahead of forecasts for a 0.1pct gain. The Philadelphia Federal Reserve index eased from 19.8 to 6.5 in November. And the Markit flash manufacturing gauge rose from 51.8 to 54.3 in November.
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Black Friday Business Madness 2013

Nowadays we all know it as term for mad discounts and shopping craziness, but above all, when it comes to business, as billions worth Black Friday deals.

US Household Wealth Leans Over an Uneven Recovery

As H.L. Mencken opined, 'The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable.'

Why Negative Gearing Must Go

The OECD (Organisation for Economic Development and Cooperation) is out with its latest global outlook, warning Australia about the blindingly obvious. That is, labour costs and house prices are too high, which threatens our competitiveness on the global stage.

A Requiem for the Bond Market

The central banks of Japan and the US are killing the private market for government debt. The massive and unprecedented bond-buying programs for Japanese Government Bonds (JGBs) and Treasuries have driven yields so low that investors are now simply stepping aside from involvement in that market entirely.

The Warrnambool Cheese and Butter Factory Takeover

Yesterday we promised to take a look at the Warrnambool Cheese and Butter Factory (WCB) takeover. It's one of Australia's largest listed dairy companies and it's the subject of a bidding war between Canadian, New Zealand and Australian dairy interests. (Nick Hubble's Money for Life Letter did quite nicely out of a pre-bidding war WCB tip.)

Global Markets Overview - 11/21/13

Blurred language out of the Fed has again poured cold water on the markets understanding of where it stands on the monetary stimulus component of its quantitative easing policy.

Australian Stock Market Report – Morning 11/21/13

In US economic news, advance retail sales rose by 0.4pct in October, ex autos, gas & building materials sales lifted by 0.5pct. Headline CPI inflation dipped 0.1pct in October to be up just 1.0pct over the year - the smallest rise in four years. Core CPI inflation held steady at 1.7pct over the year. Existing home sales fell by 3.2pct in October, weighed down by higher mortgage rates and tight supply. But the median price of a previously owned home was up 12.8pct on a year ago.

Germany To Set 30% Minimum Quota For Women In Boardrooms

Unlike in the U.S., German companies have a two-tier board structure, with a management board around the chief executive that runs the day-to-day operations and a supervisory board that is similar to a U.S. board of directors.

British Petroleum to Fire 300 Aussie Workers in Melbourne

British Petroleum (BP) is firing up to 300 employees from its office in Melbourne, Australia. The sacked workers comprise about 24 per cent of the total 1,250 staff in Melbourne, although across Australia, BP has 7,500 workers.

The Short Report

Guide:The Short Report draws upon data provided by the Australian Securities & Investment Commission (ASIC) to highlight significant weekly and monthly moves in short positions registered on stocks listed on the Australian Securities Exchange (ASX).

Australian Stock Market Report –Afternoon 11/20/13

The Australian sharemarket lost ground once again, with the All Ordinaries Index (XAO) easing by 0.8 per cent. This takes the losses for the week so far to 1.7 per cent. The OECD cut its growth forecasts for the Australian economy from 3.2 per cent to 2.6 per cent for 2014. The DOW fell back from 16,000 points, after cracking through on Monday.

Indonesia Hit by 6.3 Magnitude Earthquake, No Tsunami Warning Issued

Indonesia has been hit by a powerful 6.3-magnitude earthquake on Tuesday, according to the U.S. Geological Survey. No immediate reports of fatalities and damages have so far been reported on the temblor that struck off eastern Indonesia. The Indonesian Meteorology and Geophysics Agency ruled out any potential tsunami occurrence.

A Flood of Rising Prices

Williams reckons there is only one outcome possible: hyperinflation. A year ago, he expected it in 2019. Now, he's moved up the schedule. He now expects hyperinflation to begin in 2014.

Should Australia Join the Currency War?

As the melt-up in global asset markets continues, today we ask the question: Are central bankers' egotistic hooligans blinded by their own intellectual arrogance? You can probably guess the answer to that one.

What is Holding Up The US Dollar?

The relative strength of the US dollar is one of the great mysteries of the financial world. It has defied predictions of collapse for years, despite copping severe abuse from its managers, the US Treasury and their henchman at the Federal Reserve.

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