News on Permanent Portfolio Fund (PRPFX)Wednesday July 1st 2015
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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 July 1st 2015: Latest financial news from the worldGreece offers conditional okay to bailout, Germany skeptical
By Renee Maltezou and Alastair Macdonald ATHENS/BRUSSELS (Reuters) - Prime Minister Alexis Tsipras has told international creditors Athens could accept their bailout offer if some conditions were changed, but Germany said it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal. In exchange for the conditional acceptance, the leftist leader, who has so far urged Greeks to reject the bailout terms in a referendum planned for Sunday, asked for a 29 billion euro loan to cover all its debt service payments due in the next two years. With queues forming at many cash machines a day after Greece became the first advanced economy to default on the IMF, and signs that supplies of bank notes were running low, Tsipras has been under growing political pressure to reach a deal.
U.S. private payrolls rise solidly; factory activity picks up
"The current robust pace of job growth is double that needed to absorb the growth in the working age population." The report, which is jointly developed with Moody's Analytics, came ahead of the government's more comprehensive employment report on Thursday. According to a Reuters survey of economists, nonfarm payrolls likely increased 230,000 jobs in June after a robust 280,000 gain in May. The unemployment rate was forecast dipping one-tenth of a percentage point back to a seven-year low of 5.4 percent.
Special Report: How Greece went bust
The Greek Prime Minister Alexis Tsipras sat on one side, along with a translator and Angela Merkel, the German chancellor. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union (EU). Merkel and Hollande made a final offer of billions of euros in aid for bankrupt Greece – if Tsipras would sign up to economic reforms demanded by his country's creditors.
Macy's cuts ties with Donald Trump after Mexico insults
(Reuters) - Department store Macy's Inc said on Wednesday that it would end its business relationship with real estate developer and TV personality Donald Trump after his comments insulting Mexicans, including phasing out the Trump line of menswear. "Macy’s is a company that stands for diversity and inclusion. We have no tolerance for discrimination in any form," the company said in an emailed statement. "In light of statements made by Donald Trump, which are inconsistent with Macy’s values, we have decided to discontinue our business relationship with Mr. Trump. ...
Wall St. rises sharply on renewed Greece hopes
Fed's Brainard says Fed examining possible drop in market liquidity
The U.S. Federal Reserve has launched a study to see if U.S. Treasury markets are being hampered by a lack of liquidity, an issue some investors and others have cited as a potential risk to financial stability, Fed board member Lael Brainard said on Wednesday. If true, she said, that could cause trouble in times of financial stress if investors cannot freely buy and sell safe haven bonds at other than fire-sale prices. Traditional measures of market liquidity do not seem to have changed since the 2007 financial crisis, she said, while episodes of market volatility could have explanations other than a lack of liquidity.
JPMorgan builds up apartment-loan leader from WaMu rubble
By David Henry NEW YORK (Reuters) - In September 2008, JPMorgan Chase & Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset that JPMorgan acquired in the auction. Washington Mutual's apartment lending business was the biggest of its kind in the United States and Dimon has made it even bigger.
U.S. construction spending rises to 6-1/2-year-high
Construction spending increased 0.8 percent to an annual rate of $1.04 trillion, the highest level since October 2008, the Commerce Department said on Wednesday. Economists polled by Reuters had forecast construction spending rising 0.5 percent in May. The government revised construction spending data going back to January 2013. The economy was hit by bad weather, port disruptions, a strong dollar and spending cuts in the energy sector at the start of the year.
Strong truck, SUV demand helped Ford, GM raise prices in June
DETROIT (Reuters) - Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks.
General Mills profit halves due to $260 million impairment charge
An assessment of its Green Giant brand showed the business's market value was now lower than its carrying value, the company said in a statement on Wednesday. General Mills has put up Green Giant for sale, people familiar with the matter told Reuters in March. General Mills' revenue in the quarter missed analysts' average expectations, mainly due to a strong dollar, but cost cuts helped profit beat estimates in the quarter.
General Mills to drop artificial ingredients from cereals
NEW YORK (AP) — General Mills is dropping artificial colors and flavors from its cereals, the latest company to respond to a growing desire for food made with ingredients people see as natural.
Living with the Galaxy S6 Edge: Is that curve worth the cost?
Samsung launched two Galaxy S6 models this spring, but let's face it: The spotlight was really on the curvy, attention-grabbing S6 Edge. I know I was dead-set on trying that one-of-a-kind smartphone as ...
UK police seize thousands of Android streamers modded for piracy
Get ready to crowdfund a sequel to the original 'The Wicker Man'
Huawei's got another low-end smartwatch in the works
Show and Tell: Your gadget arsenal
As we approach the 4th of July, I'm reminded of our country's early history. Once again, we will joyfully celebrate the birth of an independent nation. However, for millions of American families, financial independence is just a distant dream. I worry because so many are struggling for economic survival. In fact, three out of every ten adults...
Love and PCs: Your first computer memories
Thanks, Obama: now you can take selfies in the White House
Wall Street Jumps on Greece Hopes, Data Eyed
U.S. equities made a broad move higher Wednesday as investors grew optimistic about a compromise between Greece and its creditors.
This video game is so small it fits inside a tweet
Toyota bets on hydrogen with the FCV Mirai
Its name means "future" in Japanese. The FCV (Fuel Cell Vehicle) Mirai is Toyota's $57,500 bet (not counting clean fuel incentives) on a future where hydrogen vehicles roll into fueling stations ...
With OS X 10.10.4, Apple fixes networking issues by going back to the well
Samsung trademarks "S6 Edge+"
Marijuana Investments: Massive Growth or Massive Bubble?
In 2000, The New York Times labeled the dotcom bubble as a "euphoric" time characterized by the period's extreme highs and subsequent crashing lows. The short-lived hyper success of the internet startup age did not die in vain; the phenomenon fundamentally changed technological innovation, business models, investment mentalities and the global...
Microsoft begins testing three new Skype for Business services
#ICYMI: German robo-operas, pan-Pacific battle mechs and more
Galaxy S6 sales not enough to drag Samsung back into profitability
Bottled H20: The Good, The Bad & The Ugly
Sales are booming in the bottled water industry but we take a deeper look at the half-full, half-empty world of plastic water bottles.
Tiny house uses light to put you in the middle of a thunderstorm
The Digital Doctor, book review: A matter of life, death...and trust
As healthcare systems are transformed by digital technology, it's important to guard against medical errors and remember the importance of doctor-patient relationships. Robert Wachter's book covers these and other issues well, although the security of healthcare records is a notable omission.
Supreme Court decision threatens programmers' API rights
Microsoft is getting pretty good at digitizing reality
Microsoft Research always has the best toys, and is especially strong in augmented reality (AR) with projects like Illumiroom and its insane Hololens Minecraft game. Redmond's think tank has just revealed ...
Salesforce.com intros Desk.com Business Plus for SMBs
Best Android tablets for work and play: July 2015 edition
It is no exaggeration to say that there are hundreds of different Android tablets on the market to choose from, but if you filter this down to "best" tablets then this list boils down to only a handful.
Microsoft adds cheaper Core i7 tablet to Surface Pro 3 lineup
The end of IT consumerization
Mark Zuckerberg on how Facebook's AI will be "better than humans"
For chefs and foodies, big data could be the new secret ingredient
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