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News & Updates

July 9, 2015 NYSE shut down for nearly four hours by technical glitch

Source: Reuters

The New York Stock Exchange was forced to suspend trading for several hours on Wednesday in the biggest outage to hit a U.S. financial market in nearly two years, unnerving investors already rattled by the meltdown in Chinese...

July 8, 2015 EU politicians set to back carbon market 2019 reform start

Source: Reuters

The European Parliament on Wednesday is expected to back a 2019 start to reform of the world’s largest emissions market in a step toward deeper change and higher carbon prices.

July 8, 2015 Greece Given Until Sunday to Settle Debt Crisis or Face Disaster

Source: NY Times

BRUSSELS — Frustrated European leaders gave Greece until Sunday to reach an agreement to save its collapsing economy from catastrophe after an emergency summit meeting here on Tuesday ended without the Athens government offering...

July 8, 2015 In scathing audit, state tax officials slam Blue Shield of California

ABQJournal - (EDITORS: BEGIN OPTIONAL TRIM) Betsy Imholz, special projects director for îConsumers Unionî in San Francisco, said Blue Shield has benefited for decades from a lucrative tax break and the publicâs...

July 8, 2015 China stock market freezing up as sell-off gathers pace

Source: Reuters

China's tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of "panic sentiment"...

July 7, 2015 Energy customers 'paying too much'

Source: BBC News

Millions of energy customers have been "paying too much for their energy bills", a year-long investigation by the Competition and Markets Authority (CMA) has found.

July 7, 2015 Richard Bove On Fannie Mae’s Accounting Irregularities

Source: ValueWalk

Richard X. Bove, Vice President Equity Research at Rafferty Capital Markets, highlights the forensic accounting analysis on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA)'s financial statements.

July 7, 2015 China’s Stocks Extend Rout as H-Shares Gauge Enters Bear Market

Source: Bloomberg

Chinese stocks fell, with a gauge of mainland companies trading in Hong Kong entering a bear market, as gains in the biggest state-owned companies failed to outweigh a record drop in margin bets.

July 7, 2015 Oil Prices Stabilize After Massive Selloff, But Outlook Remains Weak

Source: International Business Times

Crude oil prices steadied on Tuesday, after posting one of their biggest selloffs this year in the previous session over Greece's rejection of debt bailout terms and China's ongoing stock market woes.

July 7, 2015 Greece set to present new proposals to eurozone leaders - text/video

Source: USA Today

Greek Prime Minister Alexis Tsipras is expected to present new proposals to European leaders Tuesday, after the country rejected the austere bailout terms offered by its creditors in a referendum during the weekend.

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