Fund Mojo Newsletter

Fund Mojo on Facebook Follow FundMojo on Twitter Fund Update

Featured Advisor:
Howard Erman

Seal Beach, Ca
(562) 546-6021
More Details

Fund Mojo provides investors and financial advisors with in-depth mutual fund research and analysis, and a community and gateway to connect investors with peers and financial experts to help each other with investments and financial planning needs.

News on Permanent Portfolio Fund (PRPFX)

Monday May 25th 2015

  

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

Aggregared News for Permanent Portfolio(PRPFX) from various sources

The Riskalyze Report: Advisors Buy the Small Cap Rally -  Permanent Portfolio Fund (PRPFX)The Riskalyze Report: Advisors Buy the Small Cap Rally

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

  

  

Latest business news

Monday May 25th 2015: Latest financial news from the world

Europe stocks stumble, dollar lifted by U.S rate view -  Permanent Portfolio(PRPFX) newsEurope stocks stumble, dollar lifted by U.S rate view

Traders work at their screens at the stock exchange in FrankfurtBy Emelia Sithole-Matarise LONDON (Reuters) - European shares fell in thin trade on Monday while the dollar powered ahead after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year. Investor concerns about Greece's debt problems and a poor regional and local election result by Spain's ruling People's Party also weighed on the euro and European shares. The pull-back in European stocks mirrored losses on Wall Street on Friday after Yellen suggested the Fed was ready to act if the economy kept improving as expected, though a raft of recent data has suggested it is growing only modestly in the second quarter.



Regulation should be main tool against bubbles: Fed's Mester -  Permanent Portfolio(PRPFX) newsRegulation should be main tool against bubbles: Fed's Mester

Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in WashingtonCentral bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, even if monetary policy should not be used as a main tool to prevent bubbles. "I would opt to use the macroprudential tools as the first line of defense, since they can be more targeted to the markets and institutions where the risks are emerging," Cleveland Fed President Loretta Mester said in remarks prepared for delivery to the annual conference in of the Financial Intermediation Research Society, a group she helped found, meeting in Reykjavik, Iceland. "However, I do think that when we are making policy decisions, we should be cognizant of the linkages between our nonconventional monetary policy of an extended period of essentially zero interest rates and financial stability." The concern that the Fed's near-zero rates, in place since December 2008, could be creating new bubbles and an eventual crisis has motivated a few Federal Reserve officials to push for the U.S. central bank to start raising rates sooner than later.



Oil prices edge down as dollar strengthens -  Permanent Portfolio(PRPFX) newsOil prices edge down as dollar strengthens

An oil well pump jack is seen at an oil field supply yard near DenverCrude oil futures edged lower toward $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted. Front-month Brent crude shed 17 cents to $65.20 a barrel by 1052 GMT. U.S. crude was down 35 cents at $59.37 a barrel.



Greece says wants to make debt payments but needs aid urgently -  Permanent Portfolio(PRPFX) newsGreece says wants to make debt payments but needs aid urgently

A Greek national flag flutters next to a statue of ancient Greek goddess Athena, in AthensBy Renee Maltezou ATHENS (Reuters) - Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan installment falling due next week. It must repay four loans totaling 1.6 billion euros to the International Monetary Fund next month, starting with a 300 million euro payment on June 5 that is seen as the next crunch point for state coffers. Athens has the money to make monthly wage and pension payments this week, government spokesman Gabriel Sakellaridis told a news conference.



Troubled Malaysia Airlines to be completely revamped: new CEO -  Permanent Portfolio(PRPFX) newsTroubled Malaysia Airlines to be completely revamped: new CEO

File photo of Malaysia Airlines planes on the tarmac at the Kuala Lumpur International AirportBy Siva Govindasamy and Al-Zaquan Amer Hamzah KUALA LUMPUR (Reuters) - Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies. Christoph Mueller, who joined from Irish national carrier Aer Lingus, said in his first ever interview since taking over as chief executive on May 1 that the new company will be like a "start-up". A new name and livery are on the cards for Malaysia Airlines (MAS), sources told Reuters.



Iran says OPEC unlikely to change output ceiling: Mehr news agency -  Permanent Portfolio(PRPFX) newsIran says OPEC unlikely to change output ceiling: Mehr news agency

Iranian Oil Minister Zanganeh talks to journalists as he arrives at his hotel ahead of an OPEC meeting in ViennaOPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency. "Lowering OPEC's production ceiling requires consensus between all members ... under current conditions it seems unlikely that the OPEC production ceiling will change," Zanganeh was quoted as saying. Last month, Zanganeh said the producing group should cut its target daily crude production by at least 5 percent, or approximately 1.5 million barrels per day.



China invites private investors to help build $318 billion of projects -  Permanent Portfolio(PRPFX) newsChina invites private investors to help build $318 billion of projects

Newly-built residential buildings are seen next to the partially-frozen Songhua River and a bridge in JilinChina's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate. The National Development and Reform Commission said the 1,043 projects, in sectors such as transport, water conservancy and public services, will be done as public-private partnerships (PPP). An NDRC statement on its website did not say whether private investors will include foreign firms.



Alibaba's latest gambit in fighting fakes: foster local brands -  Permanent Portfolio(PRPFX) newsAlibaba's latest gambit in fighting fakes: foster local brands

Employee works at a Shuangwei factory in PutianBy John Ruwitch PUTIAN, China (Reuters) - Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source. In the coastal city of Putian, in Fujian province, Alibaba is working with 17 shoe manufacturers to cultivate home-grown brands online, revitalize a flagging industry and offer would-be counterfeiters an alternative source of livelihood. Critics say the scheme is misguided and Alibaba should instead focus on scrubbing its online marketplaces of widespread listings of fakes.



Senator Warren calls for public hearings on bank waivers: FT -  Permanent Portfolio(PRPFX) newsSenator Warren calls for public hearings on bank waivers: FT

U.S. Senator Elizabeth Warren departs after her remarks at an American Prospect forum on the role of journalism in progressive politics, in WashingtonU.S. Senator Elizabeth Warren is calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts, the Financial Times reported on Sunday. Five of the world's largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined some $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on May 20. The Securities and Exchange Commission gave the banks a series of waivers to let them continue their usual securities business shortly after they agreed to plead guilty to the criminal charges.



After bruising safety crisis, U.S. car watchdog shows its bite -  Permanent Portfolio(PRPFX) newsAfter bruising safety crisis, U.S. car watchdog shows its bite

Mark Rosekind testifies before a Senate hearing on his nomination to be administrator of the NHTSA in WashingtonThe U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss - a testimony to his credentials as a safety expert and a hardening of the administration's policy after a wave of deadly defects. Having taken the helm of the National Highway Traffic Safety Administration in January, Mark Rosekind has wasted no time in forcing reluctant companies into recalling millions of defective vehicles. In doing so, he has shown greater willingness than some of his predecessors to use the government’s full legal powers over the industry, some for the first time. In the past week alone, the agency announced the biggest recall in history, involving nearly 34 million vehicles with potentially deadly Takata Corp air bags.



Bank of England keeps interest rates steady -  Permanent Portfolio(PRPFX) newsBank of England keeps interest rates steady
LONDON (AP) — The Bank of England has kept interest rates steady as it remains cautious about Britain's economic recovery.
Ford sells sustainability to China with MyEnergi Lifestyle pilot -  Permanent Portfolio(PRPFX) newsFord sells sustainability to China with MyEnergi Lifestyle pilot

Ford sells sustainability to China with MyEnergi Lifestyle pilotFord has launched its MyEnergi Lifestyle sustainability program at CES Asia, selling the message of renewable energy, efficient vehicles and lower energy bills to Chinese consumers.



Amazon finally starts paying proper taxes in European countries -  Permanent Portfolio(PRPFX) newsAmazon finally starts paying proper taxes in European countries
For many years, Amazon has sent a huge percentage of its European revenues over to Luxembourg. The tiny country levies a much smaller rate of tax than most of the countries in which the retailer operates, ...
Huawei to build subsea cables connecting Malaysia, Cambodia, Thailand -  Permanent Portfolio(PRPFX) newsHuawei to build subsea cables connecting Malaysia, Cambodia, Thailand

Huawei to build subsea cables connecting Malaysia, Cambodia, ThailandStretching 1,300 kilometers, the project marks the first landing of a large high-speed subsea cable network for Cambodia.



Encryption for Everyone: The free service that will change how you think about security -  Permanent Portfolio(PRPFX) newsEncryption for Everyone: The free service that will change how you think about security

Encryption for Everyone: The free service that will change how you think about securityFor most people, encryption is seen as too hard to use, a bit niche, or something for the 'tin foil hat' brigade. A German project's hoping to change all that.



Google patents creepy smart toys that interact with kids -  Permanent Portfolio(PRPFX) newsGoogle patents creepy smart toys that interact with kids
Nexus Ruxpin? Google's mad science X division is, er, toying with the idea of smart teddy bears in one of its strangest patents yet. In response to junior's voice or movements, "the anthropomorphic ...
Google Cardboard, Version 2: How VR and AR could take off at Google I/O -  Permanent Portfolio(PRPFX) newsGoogle Cardboard, Version 2: How VR and AR could take off at Google I/O

Google Cardboard, Version 2: How VR and AR could take off at Google I/OGoogle's already gotten its feet wet in virtual and augmented reality. Could this year be the next big step?



Amazon now paying tax in Germany and UK -  Permanent Portfolio(PRPFX) newsAmazon now paying tax in Germany and UK

Amazon now paying tax in Germany and UKAmazon has reportedly moved to have its local profits taxed within Germany and the United Kingdom from the start of this month.



Google finds that security questions aren't really secure -  Permanent Portfolio(PRPFX) newsGoogle finds that security questions aren't really secure

Google finds that security questions aren't really secure



Human Services data centre consolidation nears completion -  Permanent Portfolio(PRPFX) newsHuman Services data centre consolidation nears completion

Human Services data centre consolidation nears completionThe Australian Department of Human Services has almost completed its massive data centre consolidation project, with the opening of a new centre in Fyshwick.



Lessons from a Sydney cryptoparty -  Permanent Portfolio(PRPFX) newsLessons from a Sydney cryptoparty

Lessons from a Sydney cryptopartyWhen ordinary citizens in a modern democracy start taking precautions against government and corporate surveillance, it's time for a re-think.



Netflix accidentally bills Australian customers multiple times -  Permanent Portfolio(PRPFX) newsNetflix accidentally bills Australian customers multiple times

Netflix accidentally bills Australian customers multiple timesSome Australian users of streaming video service Netflix have reported being charged up to 13 times for their monthly's subscription.



Super-efficient solar cells can power homes in unforgiving areas -  Permanent Portfolio(PRPFX) newsSuper-efficient solar cells can power homes in unforgiving areas

Super-efficient solar cells can power homes in unforgiving areas



'A Beautiful Mind': mathematician John Nash dies aged 86 -  Permanent Portfolio(PRPFX) news'A Beautiful Mind': mathematician John Nash dies aged 86

'A Beautiful Mind': mathematician John Nash dies aged 86



Telstra on track with decade-long Racing Victoria deal -  Permanent Portfolio(PRPFX) newsTelstra on track with decade-long Racing Victoria deal

Telstra on track with decade-long Racing Victoria dealBy early 2016, thoroughbred fans will have the ability to stream past and present Victorian Racing meets via the Telstra Digital Video Network.



Chromecast app update gives a clearer look at your streaming devices -  Permanent Portfolio(PRPFX) newsChromecast app update gives a clearer look at your streaming devices

Chromecast app update gives a clearer look at your streaming devices



BlackBerry jobs to go from software, hardware, apps businesses -  Permanent Portfolio(PRPFX) newsBlackBerry jobs to go from software, hardware, apps businesses

BlackBerry jobs to go from software, hardware, apps businessesThe Canadian former handset giant announced over the weekend that it will be cutting an unspecified number of workers.



Mobilising from retail to online -  Permanent Portfolio(PRPFX) newsMobilising from retail to online

Mobilising from retail to onlineOne boutique fashion retailer went with cloud-based POS from day one, a decision that, according to owner Ellie Weekley, has made the launch and subsequent day-to-day management of the online store much easier.



Unorthodox Sprite drone tolerates abuse and actually flies -  Permanent Portfolio(PRPFX) newsUnorthodox Sprite drone tolerates abuse and actually flies

Unorthodox Sprite drone tolerates abuse and actually flies



Etsy may face 'Handmade' rival from Amazon -  Permanent Portfolio(PRPFX) newsEtsy may face 'Handmade' rival from Amazon

Etsy may face 'Handmade' rival from AmazonCraft makers, would you decamp from Etsy for someplace called Handmade at Amazon? The e-commerce giant is looking to gauge your interest.



Lollipop brought the looks, now M needs to update Android's innards -  Permanent Portfolio(PRPFX) newsLollipop brought the looks, now M needs to update Android's innards

Lollipop brought the looks, now M needs to update Android's innardsA new Android release is due, and despite Lollipop's improvements, Google still has work to do.



Android's stand-alone Photos app will give you more creative control -  Permanent Portfolio(PRPFX) newsAndroid's stand-alone Photos app will give you more creative control
Wondering what will happen when Android's Photos app finally makes a clean break from Google+? You should now have a pretty good idea. Android Police has peeked at a leaked copy of a reworked Photos app, ...
IBM's sales sag in New Zealand -  Permanent Portfolio(PRPFX) newsIBM's sales sag in New Zealand

IBM's sales sag in New ZealandSubsidiary records its lowest revenues since 2006, but maintains profitability during "transformation".



Meditation can make you miserable, psychologist says -  Permanent Portfolio(PRPFX) newsMeditation can make you miserable, psychologist says

Meditation can make you miserable, psychologist saysTechnically Incorrect: Meditation and mindfulness may be milestones on the road to bliss, but you may also end up in a ditch of despair, says a brain expert.



Instagram wants to reel you back in with emailed photo highlights -  Permanent Portfolio(PRPFX) newsInstagram wants to reel you back in with emailed photo highlights

Instagram wants to reel you back in with emailed photo highlights



The bizarre and often hilarious world of Grand Theft Auto V mods -  Permanent Portfolio(PRPFX) newsThe bizarre and often hilarious world of Grand Theft Auto V mods

The bizarre and often hilarious world of Grand Theft Auto V modsJust a month into its PC release, Grand Theft Auto V mods are here -- and they're weird, over-the-top and hysterical. Here are just a few of our favorite mods and instructions on how you can mod Grand Theft Auto V yourself.



CES Asia begins in Shanghai -  Permanent Portfolio(PRPFX) newsCES Asia begins in Shanghai

CES Asia begins in ShanghaiThe Consumer Electronics Show launches its inaugural Asian event, with a preshow keynote by Audi -- and rides for attendees in Audi's R8 e-tron.



Tennis star Roger Federer disturbed by invasive selfie-taker -  Permanent Portfolio(PRPFX) newsTennis star Roger Federer disturbed by invasive selfie-taker

Tennis star Roger Federer disturbed by invasive selfie-takerTechnically Incorrect: The selfie craze is officially out of control. At the French Open, a fan runs on the court just to take a selfie with the Swiss star.



Some of Hollywood's best animatronics are going to auction -  Permanent Portfolio(PRPFX) newsSome of Hollywood's best animatronics are going to auction
If you're a movie buff who can't get enough of Hollywood's monsters, you might want to brace your wallet for impact. Famed special effects guru Rick Baker is auctioning over 400 items from his collection, ...
John Nash, 'Beautiful Mind' mathematician, and wife die in car crash -  Permanent Portfolio(PRPFX) newsJohn Nash, 'Beautiful Mind' mathematician, and wife die in car crash

John Nash, 'Beautiful Mind' mathematician, and wife die in car crashTheir marriage, and Nash's Nobel-worthy work on game theory, were at the heart of the 2001 film. At the time of their deaths, John was 86 years old and Alicia was 82.



  

Search news on another fund

Enter a mutual fund symbol      
                                                         (ie. CGMRX or JORDX)

Click here to search for fund symbol