News on Permanent Portfolio Fund (PRPFX)Thursday August 27th 2015
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The Riskalyze Report: Advisors Buy the Small Cap Rally
Swiss Shock Spurs Gold Bid as ETP Assets Jump Most Since ‘11
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Thursday August 27th 2015: Latest financial news from the worldWall St. logs biggest two-day gain since financial crisis
The Dow Jones industrial average scored its biggest two-day percentage gain since 2008, while the S&P 500 and Nasdaq Composite racked up their biggest two-day increases since 2009. The company invited journalists to a Sept. 9 event, where it is expected to unveil new iPhones.
Google rejects 'unfounded' EU antitrust charges of market abuse
Google Inc has rejected EU antitrust charges that it abused its market power, exposing the company to the risk of a hefty fine if it does not alter its business practices. The company's comments came after the European Commission in April accused it of distorting internet search results to favor its shopping service, harming both rivals and consumers. "Economic data spanning more than a decade, an array of documents and statements from complainants all confirm that product search is robustly competitive," Kent Walker, Google's general counsel, wrote in a blog on Thursday.
U.S. second-quarter GDP growth revised sharply higher to 3.7 percent
The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said on Thursday in its second GDP estimate for the April-June period. The GDP report, which was released in the wake of a global stock market sell-off, should assure investors and cautious Fed officials that the United States is in good shape to weather the growing strains in the world economy.
Ackman's hedge fund down 13.1 percent for August
McDonald's, Tyson Foods drop farm after videotape shows animal cruelty
By Jonathan Tolliver and Dan Whitcomb LOS ANGELES (Reuters) - McDonald's Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists. The videotape, which was unveiled by Mercy For Animals at a news conference in Los Angeles, depicts gruesome animal cruelty toward the birds at what the group said was T&S Farm in Dukedom, Tennessee, which was under contract to Tyson Foods .
GameStop says new game launches to drive strong second-half growth
GameStop Corp said it expected robust revenue growth in the second half, helped by a strong slate of video game releases and growth in its mobile and consumer electronics businesses. The world's largest retailer of video games and related products said on Thursday it expected its fourth quarter to be particularly strong as highly-awaited games such as "Star Wars: Battlefront" and "Fallout 4" are scheduled for launch. Activision Blizzard Inc's "Destiny: The Taken King", Microsoft Studios' "Halo 5: Guardians" and Ubisoft's "Assassin's Creed: Syndicate" are set to be released in the third quarter.
Caterpillar Inc plans to cut 475 more jobs amid revenue decline
The Peoria, Illinois-based company said it notified workers earlier this week it will reduce staff in its customer services support division by cutting 475 jobs. The move comes after the company previously announced about 270 layoffs for Illinois employees. "The restructuring is a result of a consolidation of several divisions combined with current business conditions," spokeswoman Lisa Miller said in a written statement.
Teen apparel retailer Aeropostale posts loss for eleventh straight quarter
Aeropostale, like some other teen apparel retailers, has been losing customers to "fast-fashion" chains such as H&M , Forever 21 and Inditex's Zara and sportswear makers such as Nike Inc and Under Armour Inc . The mall-based retailer offered heavy discounts on older merchandise to make way for newer and trendier styles for the crucial back-to-school shopping season, Chief Executive Julian Geiger said on a conference call. Aeropostale's comparable sales, including its e-commerce channel, fell 8 percent in the second quarter.
Tiffany earnings fall as high costs, strong dollar bite
The company, known for its pale blue boxes and iconic Tiffany Diamond, also forecast a surprise 2-5 percent decline in earnings for the year ending January. Tiffany's shares fell as much as 4.2 percent.
China official blames Fed for global market rout, not yuan
The global stock market rout of the past week was sparked by concerns over a possible interest rate rise by the U.S. Federal Reserve and not by the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday. Yao Yudong, head of the bank's Research Institute of Finance and Banking, said the U.S. central bank should delay any rate hike to give fragile emerging market economies time to prepare. "China's exchange rate reform had nothing to do with the global stock market volatility, it was mainly due to the upcoming U.S. Federal Reserve monetary policy move," Yao said.
Facebook is trying to make it easier to stop video piracy
From user-made clips to content from big media properties, video is all over Facebook (and more people than ever are using the social network). Along with that trend comes the problem of piracy: plenty ...
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4 Common Loan Mistakes Small Business Owners Make
If it's time to seek a business loan for your company, you're probably worried about whether or not you can actually make it happen. After all, funds have dried up significantly since 2008 and it's very challenging to secure investment from banks and many other types of lending organizations. When it comes time to put in applications for a...
The Dexcom G5 lets diabetics track blood sugar on their phone
Keeping tabs on a body's glucose levels is a way of life for diabetics -- a ritual performed several times a day, often before or after meals. It's an essential chore, but it often requires special hardware ...
How A Former Shy Girl Became A Confident Career Coach
Dear readers,Welcome! I’m a self-employed career and business coach who helps introverts clarify and thrive in their true livelihood so they can have the meaning and balance they crave. I love my work, and I can’t wait to start getting your questions for this career and business advice column for introverts.Let’s start off this...
Apple becomes the second-biggest wearables maker, behind Fitbit
The big question surrounding the Apple Watch is how well it's selling, but Apple isn't saying just yet. Without concrete numbers, we're forced to turn to various projections -- and one of the more reliable ...
How Being More Average Can Increase Productivity
Dissecting the average daily grind can lead to more efficient workflows.***In our personal quest to achieve more with less, we often learn from two primary sources:1. Academic studies that reveal opportunities for higher output, like the ones that tell us we should work while standing up and that lots of company time is wasted.2. People deemed...
Playdate: We're screaming through the teen-horror of 'Until Dawn'
By now you've (hopefully!) read our review of Sony's latest PlayStation 4 exclusive, Until Dawn. I'd also like to think that you've gazed upon its faces and gorgeous cinematography too. If you're still ...
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Office 365 overtakes Google Apps for cloud-based productivity adoption: Bitglass
1 billion people used Facebook on Monday
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'Tony Hawk's Pro Skater 5' was designed with YouTube in mind
Autodesk buys SeeControl, eyes Internet of things role
Splunk tops Q2 estimates, crosses 10,000-customer mark worldwide
Google details new runtime permissions in more secure Android 6.0 Marshmallow
The Number 1 Question You Must Answer Before Selling Anything... Ever!
I remember getting a sales call recently, and, yes, they still annoy me. "Mr. Davis, we have a great deal to tell you about!" the caller said with extraordinary excitement. There was only one slight problem: I did not know who this person was or what he was selling.You could approach me and try to sell me ice cream, but, if I don't know you...
'Tony Hawk's Pro Skater 5': something new, something borrowed
Microsoft delivers Windows 10 PC build 10532 to Insiders
Can Social Media Hurt You in a Divorce?
No matter how much you enjoy using social media, experts warn your online activity could cause you trouble during a divorce.
Airbnb hires Clinton administration vet as policy chief
The Name Game: Is a Branded Coworking Space Best For Your Business?
In business, first impressions are everything, which is why companies of all sizes have gravitated to coworking spaces that offer the latest designs and amenities at a price even the smallest of businesses can afford.But not all shared office environments are alike, and in many centers, this is apparent from the moment prospective tenants walk...
Is Ashley Madison Dead … and Is That a Bad Thing?
For a business that depends on secrecy, maintaining confidentiality should have been a core competency. It apparently wasn’t.
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Chief Digital Officer: 5 tips to better social media in business
Learn how to use social media from Sree Sreenivasan, Chief Digital Officer at the Metropolitan Museum of Art in New York. These tips come from a former journalism professor and will help you gain influence and build your personal brand.
The Best Leaders Are Not "Born Leaders"
I have been a team captain for as long as I can remember. It started in my youth in athletics, carried over to student government, and continued on as I started working. I am grateful for these opportunities. But I know now that there is a big difference between being a captain and a leader.A captain has authority, but a leader motivates a team...
Whiplash: Street Caps Volatile Session with Big Gains
U.S. equity markets seesawed – with the Dow swinging 381 points during the session – as Wall Street captured its second-straight rally.
Ubuntu Linux continues to rule the cloud
The best of Public Access Vol.11: Welcome home
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