Yesterday we discussed how financial conditions were becoming tighter across the globe as markets responded to US Federal Reserve Chairman Bernanke's attempts to pull back on the scale of quantitative easing. Right now, the Federal Reserve is monetising around $85 billion per month in Treasuries and mortgage backed securities.
Those who think the world is warming up should visit Edinburgh. It is a city made of stone. Yellow stone. Brown stone. Almost black stone. Almost every building is built of stone. And the entire city sits on a rock...
Every year the industry ranks the world’s top super computers. The rankings changed again this year as a neophyte from the National University of Defense Technology grabbed the top spot. The Top500 Supercomputer Sites list updates their ranking twice a year. For this period, Intel-based Milky Way 2 takes the number one spot.
By Greg PeelThe Dow rose 138 points, or 0.9%, while the S&P gained 0.8% to 1651 and the Nasdaq added 0.
Even if the country's unemployment rate went down to 5.5 per cent for May, some Australian workers may not feel secured in their jobs as companies continue to close or put in place cost-cutting measures that may result in some workers losing their means of livelihood.
- Global mining capex still softening in 2015- Happy days almost over for iron ore juniors- US scrap steel market still doing it tough- Most Aus economic scenarios negativeBy Andrew NelsonBeing negative on mining capex is no new thing.
Sony Mobile released the latest Android 4.1.2 Jelly Bean firmware update for the Sony Xperia V which fixes the "Sleep of Death" issue found in the Android 4.0 ICS factory firmware that plagued many users since its launch.
The Australian share market managed to stage another recovery in late afternoon trade, but still closed lower. After hitting an intra-day low of 4750pts, the All Ordinaries Index (XAO) finished the day's session down 10.4pts or 0.2 per cent to 4794.
Intel’s Corp’s detailed roadmap for 2013 was leaked through a blogsite: asder00.blogspot.it. The blog showed slides of the desktop platform roadmap of the company. The slides show that Intel is not planning on releasing a microprocessor by the name Broadwell. The slides also provide an insight on what the company intends on doing with their higher-speed chips like Haswell and other desktop platforms.
Air New Zealand has unveiled during the 50th Le Bourget Paris Air Show its brand new shark-finned Airbus A320 aircraft planes.
Bigger market opportunities are going to open for Victorian producers as a new trade agreement takes full effect between Australia and Malaysia. The agreement stands to benefit particularly the dairy sector, as well as other non-food related industries.
National Australia Bank (NAB) Chief Executive Cameron Clyne is not intimidated by Goldman Sachs economist's statement that Australia might have a 20 per cent chance of going into recession in 2014. The NAB chief executive is confident due to the low employment rate which will serve as a buffer against recession.
The Australian share market has reversed all of Monday's gains in the early session, as investors turn their attention to the US Federal Reserve's two day policy meeting which kicks off tonight in Washington. Market speculation over whether or not the Fed will wind back its stimulus program remains mixed.
- Spot price up 10c- Still below US$40- Japan may still come to the rescueBy Andrew NelsonLast week was a slow one on the uranium market, with many participants attending the World Nuclear Fuel Market conference in Turkey.
More protest actions continue to build up at Perth Airport as security screeners pursue their demand for better wages. Workers are complaining that their wages are lower compared with their interstate counterparts, and are demanding for an increase of 12 percent in basic pay spread over the next three years.
The death toll from the SARS-like Middle East Respiratory Syndrome Coronavirus (MERS-CoV) in Saudi Arabia has risen to 32, as the kingdom's Health Ministry disclosed on Monday that four more have recently succumbed to the fatal disease.
- US shaky, but still ok- More sideways trends in Europe- China to pick back up, slowly- Australia may be headed towards recessionBy Andrew NelsonIn this day and age it's hard to start a discussion about the global economy and its recovery prospects without roping in the big three: the US, Euro...
By Peter Switzer, Switzer Super ReportAfter a trip away to Turkey and Greece, when the dollar dived and the stock market added to my hip pocket grief, there must be some investors worrying about whether we're in for another period of big sell-offs like we saw over 2011 and 2012.
Dubai made another world record last week with the opening of the Cayan Tower, the tallest twisted edifice built at the soaring cost of $272 million.
The yellow metal once considered a safe haven continues to plummet, not only in price but also in production. Reports from mining consultancy Surbiton Associates said that Australian miners produced 5 per cent less gold in the first quarter of 2013.
By Greg PeelThe Dow closed up 109 points, or 0.7%, while the S&P gained 0.8% to 1639 and the Nasdaq added 0.
At least one humdred Victorian jobs are expected to be generated as the Malaysia-based global Tune Hotels opens its new 225-room hotel and operational headquarters in Melbourne in November.
The Australian market had a very volatile start to the week, with stocks rallying strongly in the dying minutes of the session. Stocks slumped by as much as 1 per cent in the first hour of trade, only to steadily rise from 11am (AEST) onwards and spike in the final 30 minutes of trade. The All Ordinaries Index (XAO) closed 0.6 per cent higher.
Intel's Z2580 application processor, also known as CloverTrail before launching, defeated other leading processors in a benchmarking exercise. Intel outperformed competitors like Qualcomm, Nvidia and Samsung in a test according to Allied Business Intelligence Inc. Allied Business is affiliated with ABI Research.
Samsung Electronics Co., Ltd has been the pack leader of tech manufacturers for the past months. The release of their Samsung Galaxy S4 propelled the company to new heights – but the company is not stopping there. It just announced their new Galaxy Tab Series. The Galaxy Tab 3 8-inch and 10.1 inch is hitting stores this June.
Intel just released their newest Haswell processor and it is making waves. People would think the tech giant will stop for a while as the craze over their fourth-generation continues but they are not the leading player for nothing. Intel announced that it will be releasing Haswell-E in 2014 and it is even better.
When the ever evolving world of technology gave birth to text messaging some 20 years ago, people from around the world rejoiced at how messages can now be immediately sent to target recipients. Unwittingly, however, it caused the death of some communications tool, such as India's telegram service.
Before we get to the wonderful world of investing, it's important to set the scene. Make yourself a cup of hot chocolate, sit down and get ready for your blood to boil. You're about to find out how financial markets really work...
Since the early 1980's the financial sector has ridden an extraordinary wave of prosperity. The combination of increasing debt levels and rising share markets turbo-charged the growth in the banking and investment industries.
The lesson of today's Daily Reckoning is that if you want to blow a massive asset bubble in order to make people feel wealthier, you had better do it in the real estate market and not the stock market. Liquidity driven gains in the stock market are bigger, faster, and more impressive in the short term. But they're also easy come, easy go.
