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News on Permanent Portfolio Fund (PRPFX)

Wednesday September 28th 2016

  

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

Aggregared News for Permanent Portfolio(PRPFX) from various sources

Mutual-fund manager with No. 1 ranking is ready for accelerating inflation -  Permanent Portfolio Fund (PRPFX)Mutual-fund manager with No. 1 ranking is ready for accelerating inflation

Guide to Permanent Portfolio Permanent I Fund (PRPFX) -  Permanent Portfolio Fund (PRPFX)Guide to Permanent Portfolio Permanent I Fund (PRPFX)

Your Diversified Portfolio Needs Facebook, Chevron, Metals -  Permanent Portfolio Fund (PRPFX)Your Diversified Portfolio Needs Facebook, Chevron, Metals

  

  

Latest business news

Wednesday September 28th 2016: Latest financial news from the world

Wells Fargo CEO forfeits millions as board orders review -  Permanent Portfolio(PRPFX) newsWells Fargo CEO forfeits millions as board orders review

Wells Fargo CEO Stumpf testifies before Senate Banking Committee hearing on firm's sales practices on Capitol Hill in Washington(Reuters) - Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the center of a burgeoning sales scandal, has left the company ahead of her planned Dec. 31 retirement date, will get no severance and has forfeited unvested equity awards worth about $19 million, the bank said. Stumpf and Tolstedt will also not receive bonuses for 2016.



Deutsche helps lift European stocks before Yellen, Draghi -  Permanent Portfolio(PRPFX) newsDeutsche helps lift European stocks before Yellen, Draghi

Traders work at their desks in front of the German share price index DAX board in FrankfurtBy Nigel Stephenson LONDON (Reuters) - A rise in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. Beyond banking sector worries, investors were looking ahead to U.S. Federal Reserve Chair Janet Yellen's appearance before a Congressional committee, a speech by European Central Bank President Mario Draghi and a meeting of oil producers in Algiers Deutsche, Germany's biggest lender, faces big fines over claims it mis-sold mortgage-backed securities and, like other euro zone lenders, has been squeezed by the European Central Bank's low interest rates.



German government prepare Deutsche Bank rescue plan: Die Zeit -  Permanent Portfolio(PRPFX) newsGerman government prepare Deutsche Bank rescue plan: Die Zeit

The headquarters of Germany's Deutsche Bank is photographed early evening in FrankfurtThe German government and financial authorities are preparing a rescue plan for Deutsche Bank in case the lender would be unable to raise capital itself to pay for costly litigation, German weekly Die Zeit reported. According to the draft plan, Deutsche Bank would be enabled to sell assets to other lenders at prices that would ease the strain on the lender and not put an additional burden on the bank, the paper said. In an extreme emergency, the German government would even offer to take a direct stake of 25 percent, the paper added without saying where it got the information.



Saudis soften oil stance on Iran but OPEC deal still elusive -  Permanent Portfolio(PRPFX) newsSaudis soften oil stance on Iran but OPEC deal still elusive

Participants pose at the 15th International Energy Forum Ministerial (IEF15) in AlgiersBy Rania El Gamal and Alex Lawler ALGIERS (Reuters) - OPEC might still agree an oil output-limiting deal later this year after failing to do so in Algeria this week as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense" as part of any output limits which could be set as early as the next OPEC meeting in November. Iran has argued it should be exempt from such limits as its production recovers after the lifting of EU sanctions.



Takata in talks with DoJ to resolve criminal allegations: WSJ -  Permanent Portfolio(PRPFX) newsTakata in talks with DoJ to resolve criminal allegations: WSJ

Logo of Takata Corp is seen on its display at a showroom for vehicles in TokyoFederal prosecutors have found evidence of unlawful conduct in Takata's handling of rupture-prone air bags and are waiting for the company's proposal on how to resolve an anticipated criminal case, the Journal reported, citing people familiar with the matter. The prosecutors are examining a charge of criminal wire fraud after determining the company likely made misleading statements and concealed information about air bags. The DoJ investigators have held preliminary discussions with Takata that picked up steam in August and the company is expected to face a financial penalty as part of any settlement, according to the report.



Oil climbs after industry data shows U.S. inventory draw -  Permanent Portfolio(PRPFX) newsOil climbs after industry data shows U.S. inventory draw

Workers stand near an oil drilling rig belonging to Petroamazonas at Miranda Port in TiputiniBy Keith Wallis SINGAPORE (Reuters) - Oil prices rose in mixed trading on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains. Brent crude rose 24 cents to $46.21 a barrel as of 0502 GMT after settling down $1.38, or 2.9 percent. U.S. West Texas Intermediate (WTI) crude was up 11 cents at $44.79 a barrel after climbing as high as $45.09 in earlier trading.



SABMiller shareholders comfortably back AB InBev takeover offer -  Permanent Portfolio(PRPFX) newsSABMiller shareholders comfortably back AB InBev takeover offer

The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in LeuvenSABMiller shareholders backed the brewer's $100-billion-plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history. The 79 billion pound deal was comfortably passed by the SAB shareholders who voted. It had required approval from a majority in number of shareholders and by at least 75 percent in share value.



Exclusive: U.S. seeks accused Manila banker's help to crack Bangladesh heist -  Permanent Portfolio(PRPFX) newsExclusive: U.S. seeks accused Manila banker's help to crack Bangladesh heist

Maia Santos Deguito, a branch manager of the Rizal Commercial Banking Corp testifies during a Senate hearing on the money laundering involving $81 million stolen from Bangladesh central bank, at the Philippine Senate in ManilaThe FBI is negotiating with a former branch manager of a Philippines bank for information relating to $81 million that she handled after it was stolen from the Bangladesh central bank's account at the New York Federal Reserve, her lawyer said. Federal Bureau of Investigation officials have presented a "proffer", or proposal, to the branch manager, Maia Deguito, to tell them all she knows about who received the money, the attorney, Ferdinand Topacio, told Reuters. According to Topacio, U.S. investigators are trying to get Deguito, who has been fired by the Rizal Commercial Banking Corp (RCBC) for her role in the case, to share details about long-time bank client Kim Wong, who is a casino owner and agent.



Zuckerberg initiative poaches AstraZeneca board member -  Permanent Portfolio(PRPFX) newsZuckerberg initiative poaches AstraZeneca board member

Mark Zuckerberg announces the Chan Zuckerberg Initiative to cure all diseases by the end of the century during a news conference at UCSF Mission Bay in San Francisco, CaliforniaThe $3 billion health initiative set up by Facebook co-founder Mark Zuckerberg and his wife Priscilla Chan has hired one of AstraZeneca's non-executive directors to head up its science drive. The British drugmaker said on Wednesday that Cornelia Bargmann would step down from its board next month to take up a new role as president of Chan Zuckerberg Science, part of the Chan Zuckerberg Initiative. Leif Johansson, AstraZeneca's chairman, said the board was sorry to see her leave but understood Bargmann's decision to focus on the new assignment.



Bank of America senior South Korea, Australia bankers to leave: IFR -  Permanent Portfolio(PRPFX) newsBank of America senior South Korea, Australia bankers to leave: IFR

The Bank of America building is shown in Los Angeles, CaliforniaBank of America's head of South Korea investment banking Peter Kim is leaving the bank, IFR reported, citing people with knowledge of the matter, as part of the U.S. bank's move to cut some investment banking jobs in Asia. Ben Stewart, senior manager of debt capital markets and syndicate in Australia, and Niraan De Silva, head of Southeast Asia equity capital markets and head of equity-linked capital markets in Asia Pacific, are also leaving, Thomson Reuters publication IFR reported.



WHY IT MATTERS: Social Security -  Permanent Portfolio(PRPFX) newsWHY IT MATTERS: Social Security

FILE - In this Dec. 20, 2011, file photo President Barack Obama speaks during the news briefing at the White House. Unless Congress acts, the trust funds that support Social Security will run out of money in 2033, according to the trustees who oversee the retirement and disability program. Obama hasn’t laid out a detailed plan for addressing Social Security. He's called for bipartisan talks on strengthening the program but he didn’t embrace the plan produced by a bipartisan deficit reduction panel he created in 2010. (AP Photo/Carolyn Kaster, File)The issue:



Facebook at Work to start doing the business next month -  Permanent Portfolio(PRPFX) newsFacebook at Work to start doing the business next month

Facebook at Work to start doing the business next monthFacebook's tool for businesses is reported to be ready to take on Slack and other business-focussed rivals.



Drake's 'Views' is the first album to hit 1 billion Apple Music streams -  Permanent Portfolio(PRPFX) newsDrake's 'Views' is the first album to hit 1 billion Apple Music streams

Drake's 'Views' is the first album to hit 1 billion Apple Music streamsDrake's year of domination continues as his once Apple-exclusive album hits another milestone.



'Safe' Samsung Galaxy Note 7 explodes in China, claims owner -  Permanent Portfolio(PRPFX) news'Safe' Samsung Galaxy Note 7 explodes in China, claims owner

'Safe' Samsung Galaxy Note 7 explodes in China, claims ownerSamsung has spent untold millions recalling the Galaxy Note 7, but one of the "safe" units has reportedly exploded in China.



The CraveCast crew debates joining Elon Musk's million on Mars (CraveCast Podcast, Ep. 28) -  Permanent Portfolio(PRPFX) newsThe CraveCast crew debates joining Elon Musk's million on Mars (CraveCast Podcast, Ep. 28)

The CraveCast crew debates joining Elon Musk's million on Mars (CraveCast Podcast, Ep. 28)The SpaceX founder wants to build a Martian metropolis in our lifetime. Is the plan historic or just hubris? We discuss.



YouTube Go brings data-light video to a phone near you -  Permanent Portfolio(PRPFX) newsYouTube Go brings data-light video to a phone near you

YouTube Go brings data-light video to a phone near youThe India-first YouTube Go app brings video-streaming within reach for data-free sharing of cat videos with your nearby friends.



Ancient Roman coins turn up in Japanese ruins -  Permanent Portfolio(PRPFX) newsAncient Roman coins turn up in Japanese ruins

Ancient Roman coins turn up in Japanese ruinsA haul of coins from halfway across the world turned up on an archaeological site in Japan. Exactly how they got there is a fascinating mystery.



New projector creates VR without a headset -  Permanent Portfolio(PRPFX) newsNew projector creates VR without a headset

New projector creates VR without a headsetPanoworks' screen enclosure lets you experience VR games and movies across a 150 degree field of vision.



Twitter wants you to be a Periscope VIP -  Permanent Portfolio(PRPFX) newsTwitter wants you to be a Periscope VIP

Twitter wants you to be a Periscope VIPTwitter's livestreaming service is rolling out a new membership tier that will help grow audiences and collaborate with other users.



Google could soon bring free Wi-Fi to your bus -  Permanent Portfolio(PRPFX) newsGoogle could soon bring free Wi-Fi to your bus

Google could soon bring free Wi-Fi to your busThe company originally helped connect Indian train stations with free Wi-Fi, and now wants to bring that service to the world.



Hit the road, headphone jack. USB wants your job -  Permanent Portfolio(PRPFX) newsHit the road, headphone jack. USB wants your job

Hit the road, headphone jack. USB wants your jobA trade group is done creating a technology to let ordinary USB ports take over from the 3.5mm audio jack on laptops and PCs.



Airbnb rentals 'dangerously' crowded, senators say -  Permanent Portfolio(PRPFX) newsAirbnb rentals 'dangerously' crowded, senators say

Airbnb rentals 'dangerously' crowded, senators sayNew York state senators release a report describing illegal "rentals of doom" that feature air mattresses crowded into kitchens and beds stuffed into laundry rooms.



Check out DARPA's new podcast -- so far, no insane killer robots -  Permanent Portfolio(PRPFX) newsCheck out DARPA's new podcast -- so far, no insane killer robots

Check out DARPA's new podcast -- so far, no insane killer robotsThe government agency that brings you new military tech, now brings you its first podcast: "Voices from DARPA."



Teen suspended for taking picture of school's dirty water -  Permanent Portfolio(PRPFX) newsTeen suspended for taking picture of school's dirty water

Teen suspended for taking picture of school's dirty waterA Michigan teen is told she's sanctioned for inappropriate use of an electronic device. She posted a picture of bathroom water that was urine-colored to Twitter.



Trump-Clinton debate sets records online and on TV -  Permanent Portfolio(PRPFX) newsTrump-Clinton debate sets records online and on TV

Trump-Clinton debate sets records online and on TVAn estimated 84 million people watched the presidential debate on television, says Nielsen. Millions more joined the fray online.



Take a selfie as a form of political protest? Yes you can -  Permanent Portfolio(PRPFX) newsTake a selfie as a form of political protest? Yes you can

Take a selfie as a form of political protest? Yes you canMozilla is helping EU citizens protest an old copyright law that prohibits selfies, panoramas and memes in front of certain landmarks.



Let's fill a toilet with 240 pounds of mercury and then flush it -  Permanent Portfolio(PRPFX) newsLet's fill a toilet with 240 pounds of mercury and then flush it

Let's fill a toilet with 240 pounds of mercury and then flush itA YouTube channel dedicated to unusual science experiments takes a bathroom break with a special toilet system and a whole lot of liquid mercury.



Samsung brings gifts to mark Samsung Pay's first birthday -  Permanent Portfolio(PRPFX) newsSamsung brings gifts to mark Samsung Pay's first birthday

Samsung brings gifts to mark Samsung Pay's first birthdayMobile-payments service adds support for coupons, memberships and gift cards. The company is also giving away 365 Gear S2 smartwatches.



Facebook: Really, nobody used that inflated metric, anyway -  Permanent Portfolio(PRPFX) newsFacebook: Really, nobody used that inflated metric, anyway

Facebook: Really, nobody used that inflated metric, anywayFacebook executives said that "universally" no marketers were using a video-viewing measurement that the company inflated for two years.



Anti-Defamation League adds 'Pepe the Frog' meme to hate list -  Permanent Portfolio(PRPFX) newsAnti-Defamation League adds 'Pepe the Frog' meme to hate list

Anti-Defamation League adds 'Pepe the Frog' meme to hate listFormerly known as the "Sad Frog" meme, the symbol has shown up on social media wearing a Hitler-like mustache, a yarmulke or a Klan hood.



Can't afford an Apple Watch? Health insurer Aetna might pay for you -  Permanent Portfolio(PRPFX) newsCan't afford an Apple Watch? Health insurer Aetna might pay for you

Can't afford an Apple Watch? Health insurer Aetna might pay for youAetna says it will subsidize employee Apple Watch purchases for participating companies.



Google this: Clinton surpasses Trump in searches -  Permanent Portfolio(PRPFX) newsGoogle this: Clinton surpasses Trump in searches

Google this: Clinton surpasses Trump in searchesThe Democratic presidential nominee overtakes her Republican challenger in Google searches during their first debate.



Debate tweets, memes tell Clinton, Trump their next moves -  Permanent Portfolio(PRPFX) newsDebate tweets, memes tell Clinton, Trump their next moves

Data mined from social media a prize in Clinton-Trump debateSocial media responds as the presidential candidates spar over everything from cybersecurity to taxes.



Elon Musk unveils epic SpaceX plan to colonize Mars -  Permanent Portfolio(PRPFX) newsElon Musk unveils epic SpaceX plan to colonize Mars

Elon Musk unveils epic SpaceX plan to colonize MarsThe SpaceX CEO says in case of a doomsday event, we need to be prepared to go to Mars. Why Mars? It's better than the "hot acid bath" of Venus, he says.



CraveCast can't wait to crew a Mars mission with Elon Musk -  Permanent Portfolio(PRPFX) newsCraveCast can't wait to crew a Mars mission with Elon Musk

CraveCast can't wait to crew a Mars mission with Elon MuskThe SpaceX CEO has announced his plan to make humans a multi-planetary species. Who will be the first to volunteer among us? The crew discusses our Martian future. Join us at 3 p.m. PT today.



Yes, someone's made a Donald Trump sniff movie -  Permanent Portfolio(PRPFX) newsYes, someone's made a Donald Trump sniff movie

Yes, someone's made a Donald Trump sniff movieTechnically Incorrect: After the Republican nominee appears to sniff his way through Monday's debate, a YouTuber dramatizes his nasal sound effects.



Amazon could start dropping off packages inside your home -  Permanent Portfolio(PRPFX) newsAmazon could start dropping off packages inside your home

Amazon could start dropping off packages inside your homeDo you want to give Amazon a key to your front door? A partnership with two smart home developers could open the way.



Ex-Verizon worker pleads guilty to selling private data -  Permanent Portfolio(PRPFX) newsEx-Verizon worker pleads guilty to selling private data

Ex-Verizon worker pleads guilty to selling private dataFrom phone records to location data, a former Verizon employee used the company's computers to sell protected information.



Microsoft tries to show that the NFL is now happy with Surface -  Permanent Portfolio(PRPFX) newsMicrosoft tries to show that the NFL is now happy with Surface

Microsoft tries to show that the NFL is now happy with SurfaceTechnically Incorrect: The relationship between the league and the tablet has had its issues. But a new ad seems to say it's all good.



Google iOS update lets you get ultra-sneaky with search -  Permanent Portfolio(PRPFX) newsGoogle iOS update lets you get ultra-sneaky with search

Google iOS update lets you get ultra-sneaky with searchIncognito mode comes to Google's iOS app, along with video integration for your secret search sessions.



  

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