News on Permanent Portfolio Fund (PRPFX)Saturday July 23rd 2016
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sourcesGuide to Permanent Portfolio Permanent I Fund (PRPFX)
Your Diversified Portfolio Needs Facebook, Chevron, Metals
Latest business news
Saturday July 23rd 2016: Latest financial news from the worldSilicon Valley leads avalanche of quarterly reports
A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam. With second-quarter reporting season kicking into high gear, scorecards from Apple , Alphabet , Amazon.com and Facebook will be front and center for investors eyeing the S&P 500's already-stretched valuation following a nearly 9-percent rally since June 27. "These are very widely owned companies by institutional investors and there could be selling if the news is bad," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
U.S. government's bid to block insurance mergers could spawn new ones
The U.S. Department of Justice on Thursday sued to block Aetna Inc's $37 billion purchase of Humana Inc and Anthem Inc’s proposed $54 billion buyout of Cigna Corp , arguing that they would cut competition and boost rates for patients. The most obvious targets are midsized, national players in government healthcare plans such as Centene Corp , Molina Healthcare Inc , or WellCare Health Plans Inc , according to analysts and investors.
Verizon emerges as front-runner in Yahoo auction: sources
Yahoo Inc is focusing on U.S. telecommunications company Verizon Communications Inc as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday. A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. The sale would also mark the end of Yahoo as an operating company, leaving it only as the owner of a 35.5 percent stake in Yahoo Japan, as well as its 15 percent interest in Chinese e-commerce company Alibaba Group Holding Ltd .
Eyes on Fed, BOJ, Europe's bank stress test
Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain's shock vote to leave the EU. As they wait for political reassurances and greater clarity over the likely impact of the move, central banks have mostly avoided action since Britain's June 23 referendum, calming jittery markets with verbal assurances but leaving the burden on governments to chart a path. Indeed, the U.S. Federal Reserve is all but certain to keep interest rates on hold on Wednesday, acknowledging improved economic prospects but offering few hints about its next move, keen to avoid repeating its past mistake of stoking rate hike expectations.
G20 nations pledge to bolster defenses against Brexit headwinds
The world's leading economies will do more to lift global growth and share the benefits more broadly, top policymakers said on Saturday as they sought to deal with fallout from Britain's Brexit vote and counter dissatisfaction with globalization. Finance ministers and central bankers from the Group of 20 nation are huddling in China's southwestern city of Chengdu this weekend to discuss how to confront global challenges exacerbated by Britain's decision to leave the European Union. The specter of protectionism, highlighted by U.S. Republican presidential candidate Donald Trump's "America First" rhetoric and talk of pulling out of trade agreements, also hangs over the meeting.
Aeropostale accuses Sycamore Partners of 'loan to own' scheme
(Reuters) - Bankrupt U.S. teen retailer Aeropostale filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a "loan to own” scheme to push the chain into bankruptcy.
Fiat Chrysler recalling 410,000 vehicles
Fiat Chrysler Automobiles NV said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion. The automaker said it will update software and replace wire harnesses to address the electronic issue that appears in a small number of vehicles. The recall includes 2015 model Chrysler 200 midsize sedans, Ram ProMaster City small vans, Jeep Renegade and Cherokee SUVs and some 2014 Cherokees.
CEO says Audi plans three electric car models by 2020: paper
Audi aims to have three electric car models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, Chief Executive Rupert Stadler told a German newspaper. Audi's electric cars push, reported by Reuters earlier this week, is part of a strategic overhaul following the emissions scandal at parent Volkswagen . Under the plan, which Stadler presented to Audi managers this week, the group will focus more resources on electric cars, digital services and autonomous driving.
Hershey Trust reaches in-principle reform agreement
It could also offer the clarity needed for Mondelez International Inc to make a new approach to acquire Hershey. The $12 billion trust, set up by company founder Milton Hershey over a century ago to fund and run a school for underprivileged children, must approve any sale of the company. It rejected a $23 billion cash-and-stock offer for Hershey by Mondelez, the maker of Oreo and Cadbury chocolate, last month.
JPMorgan to stop settling government securities for dealers
JPMorgan Chase & Co will stop settling U.S. government securities transactions for most dealers by the end of next year as it streamlines its business, the bank said on Friday. The change would leave BNY Mellon Corp as the only clearing bank for such transactions between dealers and investors. In the first six months of 2016, an average of $504 billion of U.S. Treasuries changed hands per day, down slightly from a daily average of $507 billion for the same year-earlier period, according to data from the Securities Industry and Financial Markets Association.
'Legends of the Hidden Temple' TV-movie trailer debuts at Comic-Con
Nickelodeon's '90s game show turned TV movie features all kinds of reimagined nods to its source material, including scary temple guards, the Steps of Knowledge and the infamously difficult Shrine of the Silver Monkey.
Google Play starts showing apps' actual download sizes
11 Ways To Instantly Connect With Anyone
Too many people succumb to the mistaken belief that the ability to connect with others is a natural, unteachable trait that belongs to only a lucky few. It's easy to fall prey to this misconception. In reality, this ability is under your control, and it's a matter of emotional intelligence (EQ).Research conducted by Matthew Lieberman at UCLA...
Cyanogen reportedly cuts jobs as it changes course
New 'Justice League' teaser debuts -- and it's almost funny?
'Agents of S.H.I.E.L.D.' is bringing the fiery Ghost Rider to life
'Wonder Woman' gets a badass official trailer
The 'Station' desk cradles your body and gut-punches your wallet
Pokemon No: All the ways you shouldn't play the latest app craze
Zombies and tigers star in new 'The Walking Dead' season 7 trailer
Kaine you even? Tim Kaine could be the punniest VP pick ever
Hillary Clinton announces VP pick Tim Kaine on Twitter
The Democratic party's presumptive nominee for president of the United States says via a tweet late Friday that she's picked Sen. Tim Kaine, underscoring the continued importance of social media in the campaign.
The 2016 RNC was celebratory and friendly, both online and off
I was Harley in 'Suicide Squad' thanks to VR
Cancel your weekend plans and go watch 'Stranger Things'
New in our buyer's guide: All the phones (just the good ones)
Dinklage, Clark get tongue-tied in new 'Game of Thrones' blooper reel
Disfruta de un año en la vida de la Tierra a un millón de millas de distancia
Recommended Reading: Social media's effect on the truth
ICYMI: Bubba Watson builds a jetpack, Facebook flies its solar drone
¿No tomas suficiente sol? Tus dientes te delatarán
'Project Sonic 2017' is coming to Xbox One, PS4 and Nintendo NX
Celeb hacker who stole nude images gets six months in prison
Paramount signs up to release more movies with DTS:X audio
'Sonic Mania' looks like the 2D sequel fans deserve
Xenon detector finds no dark matter after 20-month study
The $100,000 Pokemon trading card you can buy on eBay
El disfraz más loco e impresionante de San Diego Comic-Con
Deconstructing the legendary dungeons of 'Ocarina of Time'
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