News on Permanent Portfolio Fund (PRPFX)Monday May 2nd 2016
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sourcesThe Riskalyze Report: Advisors Buy the Small Cap Rally
Latest business news
Monday May 2nd 2016: Latest financial news from the worldHalliburton and Baker Hughes scrap $28 billion merger
Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. It is the latest example of a large merger deal failing to make it to the finish line because of antitrust hurdles. "Challenges in obtaining remaining regulatory approvals and general industry conditions that severely damaged deal economics led to the conclusion that termination is the best course of action," said Dave Lesar, chief executive of Halliburton.
Tokyo slide keeps mood downbeat
A 3 percent plunge in the Tokyo stock exchange and falls in European banking shares added to a gloomy global financial mood on Monday, pushing oil prices lower and the dollar to an 18-month low against the yen. With trading thinned out by holidays in London and many Asian economies, a solid read of manufacturing sentiment in Germany drove the Frankfurt stock exchange around 1 percent higher. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent.
Sluggish factory activity sets global tone for second quarter
BENGALURU/SYDNEY (Reuters) - Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter. Japanese manufacturing activity shrank last month at the fastest pace in more than three years as major earthquakes disrupted production, while the former bright spot of India sank to a four-month trough and growth in China was all but flat. With manufacturing dogged by insufficient demand and excess supply, the regional readings are likely to reinforce the view that a recent pick-up in economic momentum will be difficult to sustain and further policy stimulus is needed.
Oil prices retreat from 2016 highs on OPEC output boost
Oil prices retreated from 2016 highs on Monday as rising production in the Middle East outweighed a decline in U.S. output and a sliding dollar. Crude production by the Organization of the Petroleum Exporting Countries rose in April to 32.64 million barrels per day (bpd), close to the highest level in recent history. Russia, the biggest exporter outside OPEC, also increased monthly crude for seaborne exports by more than 7 percent to 3.117 million bpd in April.
Australian Craig Wright says he is bitcoin creator: BBC
By Byron Kaye SYDNEY (Reuters) - Australian tech entrepreneur Craig Wright has told the BBC he was the creator of controversial digital currency bitcoin after years of speculation about a person who until now has gone by the name of Satoshi Nakamoto. The BBC reported on Monday that Wright gave some technical proof demonstrating that he had access to blocks of bitcoins known to have been created by bitcoin's creator. "Our conclusion is that Mr Wright could well be Mr Nakamoto, but that important questions remain," The Economist said.
Goldman targets 'mass affluent' borrowers with unusual lending plan
Goldman Sachs Group Inc , the banking gold standard for the world's elite, sees a future in less prosperous investors. A creative strategy taking shape inside the bank calls for it to partner with small brokerages and wealth management firms to lend money to their clients, many of whom have far less wealth than what's in the typical Goldman private bank account. The idea is for Goldman to reach a big set of borrowers, in the U.S. and possibly abroad, without having to acquire them through a merger or build relationships one by one, people familiar with the initiative said.
As oil plows through $45 a barrel, U.S. producers rush to lock in prices
The flurry of dealing kicked off when prices pierced $45 per barrel earlier in April. While it was not clear if oil prices will remain at current levels, it may also be a sign producers are preparing to add rigs and ramp up output. This week, Pioneer Natural Resources Co , a major producer in the Permian shale basin of West Texas, said it would add rigs with oil prices above $50 per barrel.
Reckitt Benckiser executive slapped in South Korea while apologizing for deadly sterilizers
An executive from British consumer goods giant Reckitt Benckiser was slapped during an emotional news conference as he apologized on Monday over deadly lung injuries linked to the use of humidifier sterilizers marketed by the firm. Ata Safdar, head of Reckitt Benckiser Korea and Japan, bowed several times in apology before an audience that included victims and their families, among them a 13-year-old boy who now uses an oxygen tank to breathe. The government said last year that 92 people were believed to have died from causes related to the humidifier products - not all them marketed by Oxy Reckitt Benckiser, which was the group's South Korean arm at the time.
BOJ sees little reason to act when households aren't listening
Bank of Japan Governor Haruhiko Kuroda has a big problem. Concerns that a fresh burst of stimulus would be wasted on households and businesses so far unconvinced by the bank's foray into negative rates, on top of huge money printing, were among the key factors behind last week's decision to hold off from further easing, according to sources familiar with BOJ thinking. "There's a sense of anxiety spreading in the public about the fact the BOJ is implementing these abnormal policies," said one of the sources.
Takata booking over $156 million in additional loss for air bag recalls
Japan's Takata Corp is booking an additional special loss of 16.6 billion yen ($156.07 million) for the year that ended in March due to mounting recall costs for its potentially lethal air bags. The company also said it expects to book a loss of around 3.5 billion yen for the same year to settle product liability claims related to its faulty air bag inflators, which has resulted in a recall of more than 50 million air bags worldwide. The special losses announced on Monday show Takata's ballooning recall costs, the prospect of which has prompted the company to look for a financial backer with plans to draw up a list of candidates by August, Reuters reported last month.
IBM supercomputer helped design a dress it can never wear
Craig Wright claims he is Bitcoin creator Satoshi Nakamoto
Jet-powered hoverboard shatters world record
Two black holes are defying the limits of science
Datto launches cloud storage product Datto Drive, aimed at SMBs
Terrence Malick's universe documentary reaches IMAX October 7th
'Street Fighter V' offline updates will go beyond a story mode
Graphene e-paper is brighter and bendier
SpaceX: our Falcon rockets are more powerful than we thought
Phone call study concludes we can only have five best friends
Judge orders woman to unlock iPhone with her fingerprint
IMAX's in-theater spin class is sensory overload
The After Math: What on Earth are you watching?
8 Ways Body Language Beats IQ
When it comes to success, it's easy to think that people blessed with brains are inevitably going to leave the rest of us in the dust, but social psychologist Amy Cuddy knows first-hand how attitude can outweigh IQ.Cuddy suffered a car accident at the age of 19 which resulted in brain damage that took 30 points from her IQ. Before the crash...
Inhabitat's Week in Green: The Karma Revero, and more!
Ben Heck's salvage wars
Scientists find a tailless comet from Earth's early days
Samsung app helps premature babies hear their mothers
'Call of Duty' teaser hints at a bleak sci-fi world
Uber settlement protects travel with your guide dog
Tech doesn't work with children and animals
US surveillance court didn't reject a single spy order last year
Valve will ban Steam cheaters via their linked phone numbers
10 Signs You're Burning Out (And How To Stop It)
Even the best jobs can lead to burnout. The harder you work and the more motivated you are to succeed, the easier it is to get in over your head.The prevalence of burnout is increasing as technology further blurs the line between work and home. New research from the American Psychological Association and the National Opinion Research Center at...
Windows 95 on an Apple Watch is wonderfully impractical
8 Things Ridiculously Successful People Do Before 8 AM
Starbucks continues to grow relentlessly, with CEO Howard Schultz just announcing plans to open 500 new stores a year over the next five years. Much of this growth will happen in China, where Schulz is undeterred by the recent economic slowdown.While many factors contribute to Starbucks' immunity to economic trends, most are driven by Schultz....
Garmin's 'Varia Vision' headset is the Google Glass of cycling
Six robots inspired by real-life animals
Recommended Reading: Why can't we stream more black TV shows?
ICYMI: Barely hoverbiking, new hair dryer tech and more
Search news on another fundClick here to search for fund symbol