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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 24, 2015
Page
13
A New Zealand judge ruled Kim Dotcom and three colleagues eligible for extradition to the United States on charges tied to Megaupload including copyright infringement and money laundering. Dotcom posted a critical Twitter comment and urged followers to vote on the extradition.
The Commerce Department reports consumer spending up 0.3% in November after a flat October reading, with personal income rising 0.3% and a key inflation gauge up 0.4%. The data guide the Fed’s pace of rate hikes as inflation remains in focus.
USA Today snapshot shows average five year CD yields at 0.85 percent this week and last week, with a steady 0.85 percent year to date. Source Bankrate.com. ORGE PETRAS, USA TODAY.
A Carlypso study ranks the 2015 Nissan Leaf among the biggest resale value drop offs, with the full size Chevrolet Express among the few non-SUVs to depreciate heavily. The list blends imports and domestics, luxury and mainstream, highlighting surprising variety in depreciation across the year.
The study ranks resale values with Cadillac CTS in 10th place and Nissan Leaf near the top of the worst resale price list. It covers 300 models and 46,000 transactions, noting wholesale trends and incentives that fade on resale. Used-car sales are projected to rise 1.3 percent next year per TrueCar.com.
The Dow entered a volatile year with a 1.2 percent decline for 2015 after Wednesday’s triple digit gains, while the S&P 500 rose to positive territory. If both indices end the year down, it would mark a first post-2009 downturn for both. Analysts forecast a rebound in 2016, with the S&P eyed near 2216. The backdrop includes Fed rate hikes, Greece jitters, a Chinese market crash, and oil price declines.
New court filings show Martin Shkreli met federal authorities several times before his arrest and securities fraud charges. He provided statements to prosecutors on January 29 and testified to the SEC in 2013 and 2014. Transcripts will be turned over to his defense. Shkreli and Evan Greebel pleaded not guilty and were released on bonds of 5 million and 1 million.
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