April 28, 2014
Pending Home Sales Rise First Time in 9 Months, Down 7.9% From Year Ago
Read the article: Pending Home Sales Rise First Time in 9 Months, Down 7.9% From Year Ago
Hard hitting global and local news
Hard hitting global and local news
Read the article: Pending Home Sales Rise First Time in 9 Months, Down 7.9% From Year Ago
Bloomberg reports U.S. Plans to Hit Putin Inner Circle With Sanctions
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The Wall Street Journal reports Japan CPI Rises Less Than Expected . A closely watched Japanese inflation gauge rose a bit less than expected in April, the government said Friday, creating room for possible doubts among Bank of Japan 8301.TO +0.81% policy makers that the recent increase in the domestic sales tax would stoke strong upward price movements
The Financial Times reports Russia Plans Military Exercises After Mounting Ukraine Unrest .
Greenlight Capital hedge fund manager Einhorn Shorting Tech as ‘Cool Kid’ Stocks Show Bubble . Greenlight Capital Inc., the $10.3 billion hedge-fund firm run by David Einhorn, said it was betting against a group of technology stocks as evidence grows of a bubble.“There is a clear consensus that we are witnessing our second tech bubble in 15 years,†the New York-based firm said in a quarterly letter to clients today. Greenlight said that companies it’s betting against may fall by at least 90 percent “if and when the market reapplies traditional valuations,†according to the letter, a copy of which was obtained by Bloomberg News.
China Manufacturing Output and New Orders Contract Once Again Chinese manufacturing remains in contraction for 2014. Output and new orders were down for the 4th consecutive month, but at a slightly reduced pace according to the HSBC Flash China Manufacturing PMI .
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