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News on Permanent Portfolio Fund (PRPFX)

Saturday February 28th 2015

  

Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)

Aggregared News for Permanent Portfolio(PRPFX) from various sources

Swiss Shock Spurs Gold Bid as ETP Assets Jump Most Since ‘11 -  Permanent Portfolio Fund (PRPFX)Swiss Shock Spurs Gold Bid as ETP Assets Jump Most Since ‘11

[video] 'Hedge your bets' amid geopolitical turmoil: Pro -  Permanent Portfolio Fund (PRPFX)[video] 'Hedge your bets' amid geopolitical turmoil: Pro

  

  

Latest business news

Saturday February 28th 2015: Latest financial news from the world

Jobs report may test market's complacency -  Permanent Portfolio(PRPFX) newsJobs report may test market's complacency

A morning commuter carries an umbrella as she passes by the NYSE during a winter storm in New YorkThe U.S. stock market has been quiet this week - too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen's recent Congressional testimony delivered no surprises. About 238,000 jobs are expected to have been added in February, according to the non-farm payroll report that will be released on Friday, down from the 257,000 added in January. "Economic data will be the biggest driver of market moves over the next month, and the key one is the jobs report," said Jim McDonald, chief investment strategist at Chicago-based Northern Trust Asset Management.



U.S. economy slowed in fourth quarter, but growth outlook still favorable -  Permanent Portfolio(PRPFX) newsU.S. economy slowed in fourth quarter, but growth outlook still favorable

Freighters and cargo containers sit idle at the Port of Los Angeles as a back-log of over 30 container ships sit anchored outside the Port in Los AngelesU.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, the Commerce Department said on Friday. The economy grew at a 5 percent rate in the third quarter. Businesses accumulated $88.4 billion worth of inventory in the fourth quarter, far less than the $113.1 billion the government had estimated last month.



Dudley, top U.S. economists urge later Fed rate hike -  Permanent Portfolio(PRPFX) newsDudley, top U.S. economists urge later Fed rate hike

William Dudley, President of the New York Federal Reserve Bank, speaks at Brooklyn College in the Brooklyn borough of New YorkRaising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues the U.S. economy, given time, can rebound to the strong growth rate to which Americans are accustomed. The paper by four top U.S. economists, presented on Friday to a roomful of powerful central bankers in New York, argues the Fed would be wise to keep rates at rock bottom for longer than planned and then tighten monetary policy more aggressively. New York Fed President William Dudley, who offered a critique of the paper, cited currently low inflation and warned against being too anxious to tighten monetary policy. The U.S. central bank is in the global spotlight as it weighs when to lift rates after more than six years near zero, and how quickly to tighten policy thereafter.



Wall Street ends down after data; posts strong gains for month -  Permanent Portfolio(PRPFX) newsWall Street ends down after data; posts strong gains for month

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkNEW YORK (Reuters) - The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter.



Greece seeks negotiations on ECB bond repayment -  Permanent Portfolio(PRPFX) newsGreece seeks negotiations on ECB bond repayment

A Greek national flag waves under rainfall during a rally of the Greek Communist party in AthensGreece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors. Finance Minister Yanis Varoufakis said Athens should negotiate with the ECB on 6.7 billion euros ($7.5 billion) in Greek government bonds held by the Frankfurt-based bank that mature in July and August. Varoufakis did not say what he hoped to achieve in any talks, but he accused the ECB of making a mistake in buying the bonds around the time Greece had to take an EU/IMF bailout in 2010. The government of leftist Prime Minister Alexis Tsipras promised to honor all its debt obligations when it struck a deal with the euro zone last week that extended Greece's bailout program for four months.



HSBC not the troublemaker made out to be, rival Swiss banker says -  Permanent Portfolio(PRPFX) newsHSBC not the troublemaker made out to be, rival Swiss banker says

A HSBC logo is pictured at a Swiss branch of the bank in GenevaHSBC , in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn't the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday. "HSBC has been described as the troublemaker in class, and it is not," Carlos Esteve, founder and CEO of Geneva-based Heritage, said in an interview with Swiss daily Le Temps. "HSBC was among the first to take steps to regularize its clients. Founded in 1986, Banque Heritage is part of a program brokered by the Swiss government for Swiss banks to come clean on their untaxed American clients, paying fines and cooperating with authorities in order to avoid prosecution.



Lockheed, Sikorsky venture awarded $2.0 billion helicopter support deal -  Permanent Portfolio(PRPFX) newsLockheed, Sikorsky venture awarded $2.0 billion helicopter support deal

A MH-60S lands on flight deck as crew prepares to receive it onboard the aircraft carrier USS George H.W. Bush, in the GulfWASHINGTON (Reuters) - The U.S. Navy has awarded a joint venture of Lockheed Martin Corp and Sikorsky Helicopter a contract worth $2 billion to service the Navy's H-60 helicopters through Jan. 31, 2020, the Pentagon announced on Friday.



Icahn's investment fund posts first loss since 2008 on oil plunge -  Permanent Portfolio(PRPFX) newsIcahn's investment fund posts first loss since 2008 on oil plunge

Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New YorkBillionaire activist investor Carl Icahn's publicly traded investment fund posted its first annual loss since 2008 last year, undone by plummeting oil prices, the company said in a regulatory filing on Friday. Results were hurt by a halving of oil prices between June and December amid a global supply glut. "This year's results were obviously disappointing, with the precipitous decline in oil prices impacting the profitability of many of our segments," Icahn said in a statement. The performance of Apple Inc , the largest position in Icahn's investment segment, "softened the impact of the decline in oil prices and hopefully will continue to do so," Icahn said.



Brazil probe of dictatorship period not satisfied by Volkswagen testimony -  Permanent Portfolio(PRPFX) newsBrazil probe of dictatorship period not satisfied by Volkswagen testimony

Volkswagen logo is pictured in front of a slum, at the Volkswagen plant in Sao Bernardo do CampoBy Brian Winter SAO PAULO (Reuters) - The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime. In a contentious, nearly three hour-long session, Sao Paulo state legislator Adriano Diogo and several former Volkswagen employees pressed a company executive to explain whether and how the automaker collaborated with the right-wing regime. Documents uncovered last year suggest that Volkswagen and dozens of other companies gave the dictatorship names, home addresses and other sensitive information regarding union activists on their payrolls in the 1980s. Volkswagen, which had more workers on the list than any other company, was one of three companies called to testify on Friday before the Sao Paulo state commission, chaired by Diogo, a member of Brazil's ruling Workers' Party.



Southwest Airlines nears end of inspections that grounded 128 planes -  Permanent Portfolio(PRPFX) newsSouthwest Airlines nears end of inspections that grounded 128 planes

Southwest Airlines jet comes in to land at Lindbergh Field in San Diego, California(Reuters) - Southwest Airlines Co said on Friday it has finished inspecting 115 of 128 planes that it briefly pulled out of service on Tuesday when it discovered maintenance checks were overdue, and it expects to complete the rest this weekend. Southwest voluntarily removed the aircraft from service and disclosed the matter on Tuesday to the U.S. Federal Aviation Administration, which then said it could operate the aircraft for a maximum five days while it completed the checks. "While all oversight failures are unwelcome, this scale of maintenance-related failure is hardly unique," aviation industry consultant Robert Mann said in an email, adding that the FAA's response on Tuesday "suggests it was not a safety-critical issue." The checks resulted in about 80 Southwest flight cancellations on Tuesday and about 15 cancellations on Wednesday but no others since.



US stock market wavers in early trading -  Permanent Portfolio(PRPFX) newsUS stock market wavers in early trading

In this Monday, June 10, 2013 photo, traders Joel Lucchese, left, and Brandon Barb confer on the floor of the New York Stock Exchange. Global stock markets endured sharp losses Thursday June 13, 2013 as gyrations on the Tokyo market, the Asian region's biggest, continued _ fueled by worries about a surging yen and monetary policies in the U.S. (AP Photo/Richard Drew)NEW YORK (AP) — A pair of better economic reports helped nudge the U.S. stock market up in early trading Thursday, even as global markets headed lower.



General strike shuts down services across Greece -  Permanent Portfolio(PRPFX) newsGeneral strike shuts down services across Greece

Members of pro-communist union PAME take part in an protest during a general strike in Athens, on Wednesday, Nov. 6, 2013. Services across Greece shut down Wednesday as unions held a 24-hour general strike to protest further austerity cuts in the cash-strapped country. (AP Photo/Petros Giannakouris)ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.



Unemployment rates fall in two-thirds of US states -  Permanent Portfolio(PRPFX) newsUnemployment rates fall in two-thirds of US states
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
US stocks edge higher in afternoon trading -  Permanent Portfolio(PRPFX) newsUS stocks edge higher in afternoon trading

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks edged higher in early trading Thursday, May 22, 2014, extending gains from a day earlier. Investors cheered earnings news from several retailers, including Best Buy, Dollar Tree and L Brands. Sears fell sharply after reporting disappointing results. (AP Photo/Richard Drew, File)Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.



US stocks edge higher in midday trading -  Permanent Portfolio(PRPFX) newsUS stocks edge higher in midday trading

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks edged higher in early trading Thursday, May 22, 2014, extending gains from a day earlier. Investors cheered earnings news from several retailers, including Best Buy, Dollar Tree and L Brands. Sears fell sharply after reporting disappointing results. (AP Photo/Richard Drew, File)Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.



US stocks are mixed in early trading -  Permanent Portfolio(PRPFX) newsUS stocks are mixed in early trading

FILE - This Aug. 9, 2011 photo shows a Wall Street street sign near the New York Stock Exchange, in New York. U.S. stocks are opening slightly higher Friday, Aug. 8, 2014 as investors weigh gains in productivity against worsening geopolitical concerns. (AP Photo/Mark Lennihan, File)NEW YORK (AP) — U.S. stocks are opening mixed as investors look over more earnings reports from big companies.



Disney wants to help developers make games more interactive -  Permanent Portfolio(PRPFX) newsDisney wants to help developers make games more interactive

Disney wants to help developers make games more interactive



Chinese internet giants purge 60,000 accounts for inappropriate usernames -  Permanent Portfolio(PRPFX) newsChinese internet giants purge 60,000 accounts for inappropriate usernames

Chinese internet giants purge 60,000 accounts for inappropriate usernames



Disney's retelling the 'Star Wars' film saga with Legos -  Permanent Portfolio(PRPFX) newsDisney's retelling the 'Star Wars' film saga with Legos

LEGO Star Wars



Uber breach could affect the data of 50K drivers -  Permanent Portfolio(PRPFX) newsUber breach could affect the data of 50K drivers

Uber breach could affect the data of 50K driversThe ride-hailing service says it was the victim of a hack last May that could have exposed thousands of driver names and driver's license numbers.>



7 things Net neutrality won't do -  Permanent Portfolio(PRPFX) news7 things Net neutrality won't do

7 things Net neutrality won't doOne day after the FCC adopted new Net neutrality rules, consumers are left scratching their heads about what it means for their Web-surfing experience. Has anything really changed?>



I support Net neutrality, but that is not what the FCC just did -  Permanent Portfolio(PRPFX) newsI support Net neutrality, but that is not what the FCC just did

I support Net neutrality, but that is not what the FCC just didCommentary: The new regulatory action by the FCC has sweeping implications for the Internet, and the price we will pay over time for this radical shift will be severe.>



How to Be an Effective Communicator in 5 Easy Steps -  Permanent Portfolio(PRPFX) newsHow to Be an Effective Communicator in 5 Easy Steps

How to Be an Effective Communicator in 5 Easy Steps1. Be GenuineThe human mind was created with the sole purpose of perceiving danger. The mind's main objective for the past thousands of years has been keeping us alive. Even though we do not have saber tooth tigers hunting us anymore, our fear sensing abilities, also known as, intuition is still in prime form. People can sense the...



Would you prefer a thinner phone or better battery life? -  Permanent Portfolio(PRPFX) newsWould you prefer a thinner phone or better battery life?

Would you prefer a thinner phone or better battery life?



Augmented-reality game Ingress arriving on Android Wear watches -  Permanent Portfolio(PRPFX) newsAugmented-reality game Ingress arriving on Android Wear watches

Augmented-reality game Ingress arriving on Android Wear watchesThe multiplayer game that uses real-world environments as its playground is now even more accessible -- as an app on our wrists.>



Daily Roundup: History of net neutrality, deconstructing Nintendo and more! -  Permanent Portfolio(PRPFX) newsDaily Roundup: History of net neutrality, deconstructing Nintendo and more!
Welcome to the Daily Roundup. In today's news, you can learn about the history of net neutrality. Meanwhile, we look at Nintendo's unique strategy and fondly recall Leonard Nimoy. You can read all these ...
An appliance for when pancakes just aren't enough -  Permanent Portfolio(PRPFX) newsAn appliance for when pancakes just aren't enough

An appliance for when pancakes just aren't enoughThe Cuisinart CPP-200 International Chef Crepe/Pizzelle/Pancake Plus offers countertop convenience in a familiar form factor. The kitchen appliance folds open to double the cooking surface.>



Uber admits database breach putting driver data at risk -  Permanent Portfolio(PRPFX) newsUber admits database breach putting driver data at risk

Uber admits database breach putting driver data at riskUber said it is notifying impacted drivers now, but it hasn't seen the compromised data actually misused yet.



Seattle PD has a YouTube channel for its body camera footage -  Permanent Portfolio(PRPFX) newsSeattle PD has a YouTube channel for its body camera footage

Seattle PD has a YouTube channel for its body camera footage



Why the FCC is right to act on Net neutrality -  Permanent Portfolio(PRPFX) newsWhy the FCC is right to act on Net neutrality

Why the FCC is right to act on Net neutralityCommentary: The new open Internet rules are designed precisely to maintain users' Internet experience by preventing ISPs from picking winners and losers in the digital marketplace.>



Technology outsourcers learn to ride the cloud -  Permanent Portfolio(PRPFX) newsTechnology outsourcers learn to ride the cloud

Technology outsourcers learn to ride the cloudWith cloud, potentially everyone and no one outsources IT.



Claman on Call: What LeBron James and Maria Shriver Have in Common -  Permanent Portfolio(PRPFX) newsClaman on Call: What LeBron James and Maria Shriver Have in Common
Welcome to Claman on Call. The markets might be closed but FOX Business is always on call.
Uber data breach compromises IDs of 50,000 drivers -  Permanent Portfolio(PRPFX) newsUber data breach compromises IDs of 50,000 drivers

Uber data breach compromises IDs of 50,000 drivers



Google Cloud Platform getting its own status dashboard -  Permanent Portfolio(PRPFX) newsGoogle Cloud Platform getting its own status dashboard

Google Cloud Platform getting its own status dashboardNot to be outdone by Google Apps, the Cloud Platform is getting its own game of red light, green light.



Apple Watch may open cars, says CEO Tim Cook -  Permanent Portfolio(PRPFX) newsApple Watch may open cars, says CEO Tim Cook

Apple Watch may open cars, says CEO Tim CookTim Cook says he wants the Apple Watch to replace your key fob. Also, we dive into the core problem of #TheDress debate and bid farewell to Leonard Nimoy.>



YouTube's new video trimming tool makes mobile edits a breeze -  Permanent Portfolio(PRPFX) newsYouTube's new video trimming tool makes mobile edits a breeze
Even in the ideal setting, it's nearly impossible to get the perfect piece of footage that won't require edits. Those changes can be tough to tackle on mobile, but thanks to a YouTube update, perfecting ...
Lenovo's Superfish screwup highlights biggest problem in software -  Permanent Portfolio(PRPFX) newsLenovo's Superfish screwup highlights biggest problem in software

Lenovo's Superfish screwup highlights biggest problem in softwareBy not properly vetting the Superfish adware, Lenovo became the most recent unwitting example of broken links in the software supply chain.>



Amazon Echo beta SDK coming for developers, content providers -  Permanent Portfolio(PRPFX) newsAmazon Echo beta SDK coming for developers, content providers

Amazon Echo beta SDK coming for developers, content providersThe cloud and retail giant is preparing to expand its voice-activated assistant's capabilities with the launch of a beta software development kit to help outsiders to build apps.



Give Yourself a Raise: The Big Income Potential of Teaching Your Own Online Courses -  Permanent Portfolio(PRPFX) newsGive Yourself a Raise: The Big Income Potential of Teaching Your Own Online Courses

Give Yourself a Raise: The Big Income Potential of Teaching Your Own Online CoursesAs a business owner (or future business owner), you should always be looking for ways in which you can diversify your income streams. Where can you offer more products or services to existing customers? Where can you branch out to different content mediums to attract more people? In what ways can you leverage your time and add more to your...



What Net Neutrality Means for You -  Permanent Portfolio(PRPFX) newsWhat Net Neutrality Means for You
Is there something worse than having to call the cable company? Maybe.

  

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