News on Permanent Portfolio Fund (PRPFX)Wednesday August 5th 2015
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sourcesThis is where a really long-term investor is finding value in stocks
The Riskalyze Report: Advisors Buy the Small Cap Rally
Swiss Shock Spurs Gold Bid as ETP Assets Jump Most Since ‘11
Latest business news
Wednesday August 5th 2015: Latest financial news from the worldDollar up on Fed rate bets, earnings lift shares
LONDON (Reuters) - The dollar rose to its highest in more than three months and U.S. Treasury yields rebounded from two-month lows on Wednesday, after a Federal Reserve official said the central bank was close to raising interest rates.
U.S. small-business borrowing surges in June: PayNet
The increase is "a signal of some fundamental, underlying strength in private companies that is really not being registered anywhere else," PayNet founder Bill Phelan said. Such signs are exactly what Fed officials have been waiting for, as they gauge the right time to lift short-term borrowing costs from near zero, where they have been for 6-1/2 years. The small-business borrowing index has historically tracked ahead of U.S. gross domestic product growth by two to five months, and is a good predictor of capital spending and job growth, Phelan said.
Greek bank shares plunge for third day, stock market down 1.3 percent
Greek bank shares sold off sharply for the third day in a row on Wednesday, but losses were far less than in the previous sessions. The main bank sector share index was down 20.3 percent after losing around 30 percent on Monday and Tuesday. "The market is looking for the bottom, we are not far away from it," said Alexander Moraitakis, head of Athens-based Nuntius Securities.
Oil bulls' hope for quick price dip dimmed by 2020 crude under $70
By Jonathan Leff HOUSTON (Reuters) - As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year - a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market's latest dive, swaying sentiment toward a lengthier slump that would mean prolonged pain for big producers, from Exxon Mobil Corp to Saudi Arabia. While immediate delivery benchmark global Brent crude oil futures at $50 a barrel are still about $4 higher than they were at their lowest point in January, prices for delivery in December 2020 are nearly $8 lower than the start of this year, trading at a contract low of less than $67 on Tuesday.
Raising interest rates with zero inflation is a hard sell
By Mike Dolan LONDON (Reuters) - Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there's no inflation? Both the Federal Reserve and Bank of England are proclaiming that they are on the cusp of raising interest rates for the first time in almost a decade. It's not hard to see why near-zero interest rates should be 'normalized' when you do a quick economic health check.
Alibaba pins U.S. growth hopes on Goldman's China rainmaker
Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States. Michael Evans, who turns 58 this month, retired from the U.S. investment bank in 2013, having forged a reputation as one of the most prolific deal makers in Alibaba's native China during a seven year stint in Hong Kong between 2004 and 2011. "Evans was Mr China back when he was at Goldman," said Eugene Tan, head of Asian Investment Banking at Oppenheimer Investments Asia limited.
Apple's momentum 'meltdown' bites investors
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Has the "curse of the Dow" finally caught up with Apple? The recent declines have wiped out nearly $100 billion of Apple's market value - about as much as fellow Dow components Boeing and McDonald's are worth in total.
Exclusive: Boeing loses large satellite deal due to trade credit woes - sources
Boeing Co is scrambling to find alternate financing for a satellite contract worth "several hundred million dollars" that was scuttled by privately held commercial satellite provider ABS due to uncertainty about the future of the U.S. Export-Import Bank, three sources familiar with the matter said on Tuesday. ABS told Boeing, the largest U.S. exporter, that it would have to consider non-U.S.-based producers to build ABS-8, given the absence of U.S. export credit financing, the sources said. Boeing first announced the ABS contract in June, saying the new satellite, scheduled for delivery in 2017, would expand broadcast and enterprise services to Australia, New Zealand, the Middle East, Russia, South Asia and Southeast Asia.
Motorola receives $1 billion investment from Silver Lake: NYT
(Reuters) - Walkie-talkie and radio systems maker Motorola Solutions Inc has received $1 billion in investment from private equity firm Silver Lake, the New York Times reported. Motorola hopes Silver Lake will help accelerate its transition from selling only radios that police officers, fire departments and other emergency workers use, to a broader emergency communications platform, the newspaper reported. The investment, a so-called private investment in public equity, or PIPE, is in the form of debt that can be converted into common stock.
StanChart says has cut 4,000 staff this year
Watch 'The Martian' astronauts struggle with isolation training
Sky edges out BT to retain Spanish football TV rights
Much like the Premier League, broadcasters have to bid for the TV rights for other major sporting leagues around the world. Sky has delivered comprehensive coverage of Spain's La Liga championship for ...
'Star Wars: Battlefront' gets 20-player aerial combat
Yes, slicing your enemies with a lightsaber is one reason to buy Star Wars: Battlefront, but it shouldn't be the only reason. At Gamescom 2015, Electronic Arts has revealed that it's adding in an aerial ...
Watch Faith return to freerunning in 'Mirror's Edge: Catalyst'
EA and Dice are returning to the Mirror's Edge franchise early next year, and today we got an in-depth look at the game in action. Just like the original, Mirror's Edge: Catalyst has Faith leaping from ...
Samsung Pay makes its way to smart TVs
3D printed circular saw is smaller than a thumbnail
South Korea pushes policy for public sector to use local servers and storage
South Korea is moving to implement a policy that will have the public sector give preferential treament to local storage and server vendors over foreign counterparts starting next year to boost the market.
Electronic voting will eventually replace postal ballots: NSWEC CIO
Razer stuffs colored lighting into more gaming keyboards and keypads
GE unveils Predix Cloud for industrial data, analytics
Freelancer raises AU$10m in the wake of half-yearly loss
Outsourcing e-marketplace Freelancer has raised AU$10 million in its latest share placement, and sold AU$35 million worth of extra shares after two board members reduced their respective stake in the company.
This web game shows you why self-driving cars are better
Cristiano Ronaldo teams with Monster for his own line of headphones
Tax office still has a lot of reinventing to go: ATO CIO
Department of Defence begins battle with information management
The Department of Defence CIO Peter Lawrence has outlined that information management, reducing duplication, and creating interoperable networks are on the agenda for improving the agency's functions.
How to Make Big Money in Your Business
I know I'm not the only one seeing the constant Facebook ads and group posts:"I made $45K in my first month of business and you can too!" "I got five high end clients this week. Let me show you how."Am I crazy, or is this stuff everywhere right now?Obviously, making big money in business isn't a bad thing and if it's something you want, you...
Images of Microsoft's next flagship Lumia prototype leak out
If you've been hankering for some powerful new Lumia hardware, feast your eyes on the first images of a prototype of Microsoft's upcoming flagship phone, courtesy of a (soon to be fired) leaker on the ...
Optus announces 2G network shutdown from 2017
Quickflix looks to acquire unnamed Chinese content company
Intel tackles diversity problem through referral bonuses
Dr. Dre's 'Compton' is an Apple Music exclusive
Developing mobile-first for a better customer experience
The new paradigm of user and customer experiences is to look at the simplest, smallest, and lowest powered platforms first, and those who are doing so are reaping the benefits of expanded markets and simpler tools.
Vacation Habits Lead to Sustainable Happiness Year-Round
When you are on vacation, you're transported out of your normal habits and patterns. You feel free and alive and renewed. Everything is new. And the focus is on fun, pleasure, discovery, and exploration -- no guilt required. There's nothing you have to be doing during this time. And it's fantastic!But if you pay attention to the things you...
Xbox at Gamescom 2015: a recap of Microsoft's strong showing
Cell service out for thousands across the American Southeast
MLB's Advanced Media arm inks deal to create content for NHL
Disney Shares Fall After Missing on Fiscal 3Q Revenue
Choppy trading on Tuesday forced stocks lower as Apple came under pressure, hitting a 6-month low.
Lexus let skateboarders put its hoverboard to the test
After weeks of teasing, Lexus is finally showing off its latest Amazing in Motion project in full. The Slide video posted today shows skateboarders riding the company's superconducting hoverboard at a ...
How Exceptional Leaders Push Star Performers Out the Door
I once managed a guy named Tim (name changed). His work was strong and I considered him a key player on our team. But I noticed shortly after his two-year review that he was losing steam. His work was barely making it in on time, he was less collaborative in meetings, and folks were starting to wonder whether he was on his way out.I was...
Chrome beta previews custom tabs, improved media controls for Android
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