News on Permanent Portfolio Fund (PRPFX)Saturday April 18th 2015
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
Swiss Shock Spurs Gold Bid as ETP Assets Jump Most Since ‘11
Latest business news
Saturday April 18th 2015: Latest financial news from the worldInvestors look to earnings for market direction
Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. Investors have grown concerned about the impact of a strong dollar on quarterly results, even as they remain leery of missing out on any rally. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said Keith Bliss, senior vice-president at Cuttone & Co in New York.
Oil falls from 2015 peaks, Brent jumps 9.6 percent on the week
By Robert Gibbons NEW YORK (Reuters) - Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to settle at $63.45 a barrel, having swung from $62.95 to $64.50 after hitting $64.95, its 2015 high, on Thursday. Brent's second straight weekly gain, the fourth in five weeks, was its biggest since a 9.9 percent rally in the week to Oct. 16, 2009.
Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat
Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Barring a last-ditch deal with its creditors, that is likely to leave no money to repay the International Monetary Fund almost 1 billion euros due in the first half of May, although Greece has said it wants to honor its debt obligations. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he tries to convince skeptical foreign creditors to extend his country new financial aid. Greece's finance ministry denied that it would need to tap remaining cash reserves to meet salary payments, without providing any figures.
G20 more upbeat on growth, but officials fret over Greece
The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery. In a communique after a two-day meeting, G20 finance ministers and central bankers welcomed brighter economic signs in rich nations, but lamented weakness in emerging markets. "Risks to the global economy are more balanced since we last met," the finance officials said.
Grilled: Lexus seeks design edge over premium rivals
By Norihiko Shirouzu BEIJING (Reuters) - Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design. Tokuo Fukuichi, who is also Lexus' global chief, says the design shock-therapy gives the brand - and conservative Toyota more broadly - the stand-out face it previously lacked. While some industry rivals and design experts say the jagged-edged, trapezoid grille is downright ugly, 63-year-old Fukuichi stands by the drastic makeover, saying it will give Lexus a "unique" edge over German rivals BMW , Audi and Mercedes-Benz particularly in competitive emerging markets such as China, where buyers will pay more for a car that stands out from the crowd. Fukuichi, who was brought back to Toyota from a subsidiary in 2011 and as he was recovering from cancer, says Toyota for too long designed cars by committee – often of several dozen people.
Wall Street falls steeply with China, Greece fears paramount
Selling followed sharp overseas stocks declines and was broad, with all 10 major S&P 500 sectors losing ground. The Dow and S&P 500 both snapped two weeks of gains. For the week, the Dow was down 1.3 percent, the S&P 500 down 1 percent and the Nasdaq down 1.3 percent. China's securities regulator warned investors to be cautious as Chinese shares hit seven-year highs.
GM counting on high-speed Internet services in car to drive profits
Now, as the company prepares to expand the technology to most of its 2016 U.S. models, GM is lifting the curtain on its digital business strategy. During a recent investor presentation, company executives put a number on their 4G expectations for the first time, saying they expect to reap at least $350 million in improved profits over the next three years from adding the OnStar 4G systems to its cars. GM is the first automaker to reveal its projections, but it is not alone in chasing digital profits. As in-car broadband usage grows, GM's estimates could turn out to be conservative, some analysts say, since the potential for revenues from in-car broadband connections are still being developed. Taking a cut of e-commerce transactions conducted on in-car systems is one obvious revenue generator, but automakers also expect that software upgrades pushed through a broadband connection will one day save them hundreds of dollars per car in repair costs.
Wal-Mart shuffles U.S. store management to improve sales
There are about five zone managers in each of Wal-Mart's 3,407 supercenters, and those employees will be reassigned to department manager or assistant manager positions, spokesman Kory Lundberg said. In addition, Wal-Mart, the world's largest retailer, plans to add 7,000 to 8,000 department manager positions, Lundberg said. "Putting in new departmental managers will make a significant difference," Judith McKenna, chief operating officer of Wal-Mart's U.S. operations, said at a briefing for analysts and investors earlier this month.
Ford to spend $2.5 billion on plants in Mexico, angering UAW
Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The United Auto Workers union, in response, said putting jobs in Mexico rather than the United States will be a major issue at its upcoming U.S. labor talks with Ford, General Motors Co and Fiat Chrysler Automobiles. The UAW president, Dennis Williams, said Ford's announcement is "disappointing, but not any more disappointing than GM's decision to invest $5 billion in Mexico,” or those made by all six of the top-selling automakers in the U.S. market. The companies are drawn to Mexico for its proximity to the lucrative U.S. market as well as lower worker pay than at U.S. plants.
Justice Dept. staff may oppose Comcast-Time Warner Cable deal: Bloomberg
Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter. A spokesman for Time Warner Cable questioned the report, saying the company had been working productively with both the Department of Justice and the Federal Communications Commission. Bloomberg said that Justice Department attorneys investigating the deal are citing concerns for consumers as they lean against it.
If you want to chat on Steam, spend at least $5
Justice Department may try to block the Comcast / TWC merger
Crave Ep. 200: Forget maps and let leg electrodes guide you there
Why You Need Emotional Intelligence to Succeed
When emotional intelligence first appeared to the masses, it served as the missing link in a peculiar finding: people with average IQs outperform those with the highest IQs 70 percent of the time. This anomaly threw a massive wrench into what many people had always assumed was the sole source of success -- IQ. Decades of research now point to...
12 Tips to Network Like a Boss
When I was a bright-eyed 22-year-old college graduate, I emailed my resume to hundreds of companies hoping to break into public relations. I landed a job at the only PR firm that called to interview me because I knew someone who worked there.Years later when I was freelancing, my network helped me pay the rent. When I moved to a new city,...
Scientists want to blast space debris with frickin' lasers
Boomer Lifestyle Tools and Products for the Post Woodstock Generation
Woodstock it was a mess and don't let anyone tell you different. It was hot, cold, dirty, muddy, and smelly and most of the time you couldn't even hear the music. But, epic nevertheless. Regardless, the culture was shifted as never before and the legacy of Woodstock lives on stamped into the DNA of American culture. Fast forward to today's...
Individual Character: It's Still an Important Factor in Success
Photos courtesy of Dr. J. Phillip LondonDr. J. Phillip London undoubtedly made tough decisions during his 23-year tenure as CACI International Inc.'s Chief Executive Officer (CEO) -- and his continuing role as Chairman of the Board. During his tenure and afterwards, Dr. London's commitment to moral/ethical leadership and character development...
Adaptalux is a modular lighting system for macro photography
Every now and then, there are projects on Kickstarter designed for a niche group of people. Adaptalux is one of those: it's a modular, flexible and nearly pocket-sized lighting studio for macro photography ...
Is Siri Really Going to Replace Your Insurance Agent?
Look back 20-30 years ago and every family or consumer got to know their insurance agent through home visits. The business model was predicated upon a small business owner (an "agent") who was active in the community, built relationships up over time and knew most of their customers on a first name basis. There was no anonymity in the...
Factory new DeLoreans and the 'Game of Thrones' life cycle: Our favorite videos from the week
FBI pulls computer security expert off flight, after he tweets about hacking its systems
MakerBot lays off one-fifth of its workforce
MakerBot is perhaps the most well-known consumer 3D printer company on the market, having sold tens of thousands of Replicators since its start in 2009. It's a large part of why Stratasys, an industrial ...
Uber's background checks don't catch criminals, says Houston
Feds OK plan to free up airwaves for smartphones
Jay Z has been calling Tidal subscribers personally while CEO bows out
4 Things Not to Do After a Performance Review
Most employees and their managers would agree that the best part of a performance review is when it's over. In reality, that is precisely when the hard work actually begins. Whether you aced your last performance review or were given a litany of complaints about your failings, the most important thing you can do now is follow up. Don't just...
New movies and TV shows on Amazon for May 2015
Three Ways to Improve Your Online Check-Out Experience
How is it that only 32% of online check outs are completed? According to Baymard Institute 68% of online shopping carts are abandoned before checkout. All eCommerce stores ask themselves what seems to be the disconnect between the customer and taking these final steps to proceed with a purchase. Kissmetrics also lays out an analysis of the Fogg...
The slow, unsettling burn of Owl Cave's indie horror
Learning Resilience From Hillary Clinton
Last year Hillary Clinton said one of the best pieces of advice she has ever heard from anyone is by Eleanor Roosevelt in the 1920s, who said that women in politics or in public roles should grow skin like a rhinoceros. Hillary thinks there is some truth to that and in addition she advises, "Learn how to take criticism seriously but not...
San Francisco introduces free, solar-powered electric vehicle charging
An Interview With CEO Ken Dunn (Part One)
Ken Dunn is an entrepreneur. Before starting Next Century Publishing, he made millions of dollars through his entrepreneurial efforts. He started Next Century to help authors avoid bad publishing experiences. In this interview, you'll get a glimpse into the life of a busy CEO, and what it takes to achieve success. 1. You're the CEO of a midsize...
Drones are making the rounds in Asia
Star Wars droid BB-8 is real, powered by Sphero
Get ready for rolling BB-8 toys. The droid in "Star Wars: The Force Awakens" is a real robot, based on the technology in Sphero's toy robotic balls. And in a galaxy not so far away, SpaceX delivers an espresso machine to the International Space Station.
Next on Tap: Tech, Industrial Earnings
Technology and industrial earnings reports highlight next week’s economic calendar.
Japanese maglev train breaks its own world speed record
Anxious About a Work-Related Conflict? You're Likely to Make a Bad Decision!
If you're someone who's prone to anxiety to begin with -- or even if you're not, but faced with a situation at work that looks unclear or uncertain -- you know that it can be hard deciding what to do; which decision will have the best outcome. Now, some interesting new research shows how and why that happens. Most importantly, it reveals why...
Disney Research has a 3D printer that can sew bunnies for you
3D printing has resulted in solid solutions like cartilages, organ replicas and even tortoise shells. But Disney Research now has a printer that can create soft, bendable objects - think 3D printing stuffed ...
Tech Retrospect: Google gets the EU antitrust treatment
Is Google abusing its position as the world's most popular search engine? Also, if you're hoping to walk into an Apple store and buy a Watch next week, we have some bad news. All that and more in your look back at the week in tech.
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