Uber to invest $1B in India after investing another billion in China

Uber recently announced that it has allocated $1 billion to expand its operations in China. Like that is not big enough, the company will also be setting aside another $1 billion to strengthen its business in India.

Africa

Google brings Android One to Africa

Google's Android One initiative is now officially on its way to Africa. For those who may not be familiar with Android One, it is an initiative started by the search engine giant, Google, as a way to help bring inexpensive yet still useful smartphones to developing countries, according to Business Insider Australia.

Consumer Confidence Gains in August

The US consumer confidence has risen to 10.5 points in August, hitting its highest level in 7 months while the Conference Board's consumer index reached 101.5 this month.

Starkist class action settlement gives consumers refund in cash or tuna

Starkist Tuna settled a class action lawsuit for under filling its five-ounce tuna by few tenths of an ounce, and is now required to pay back consumers with cash or tuna.

Rise in durable goods orders to push US Q3 GDP to 2.8%

Durable goods orders were up two percent in July on month-on-month (m-o-M) basis giving wider scope for the US gross domestic production (GDP) to reach over 2.8 percent in the third quarter this year as latest research reports forecast.

Despite slowdown, US services sector beats forecast

The US services sector's growth slowed down in early August but surpassed the forecast. According to the financial firm Markit Economics, the flash US Services Purchasing Managers' Index (PMI) recorded 55.2 points in August from 55.7 points in July.

Panic selling causes log in issues in investing websites

As panic ensued when the Dow crashed to 1,000 points Monday right after the opening bell, some investors complained on Twitter that they weren't able to log into their online stock accounts.

Facebook Moments version 2.0 app creates videos from your photos and syncs it to your friends

Facebook Moments app introduces a new feature; a photo collection aggregated from your phone in a form of video. Moments automatically collects your photos and pick the right type of music based on 12 background themes that is shareable with your Facebook friends by means of facial recognition.

Achieve your goals one day at a time - the secret to financial freedom

When daydreaming about money, visionaries like you think of the most amazingly, abundant scenarios. You can think of that mansion perched on the Hollywood Hills with no neighbours, or the multi-billion tech business, the best education for your children, or simply relaxing at one of the beaches in Fiji with your love ones.

Ashley Madison hacking update: Victims experience hate crimes, extortion, and suicide

The victims of the hack on infidelity website Ashley Madison experience more dire consequences than imagined, ranging from extortion attempts, hate crimes, and even suicide.

Chipotle to go on hiring spree; 4,000 people new jobs up for grabs on September 9

Chipotle announced that it will hold its first ever National Career Day on September 9 and will hire 4,000 new workers on site. All restaurant locations in the US will be open for interviews for a maximum of 60 applicants between 8-11 A.M on the said date. Interested applicants can register for their interview on their website, NationalCareerDay.com.

Cavendish Kinetics to raise 36M for smartphone reception improvement with its new generation RF MEMS

San Jose company Cavendish Kinetics successfully raised $36 million to develop their radio frequency micro-electro-mechanical system (RF MEMS), which could significantly improve smartphone reception.

Wall Street Experienced a Staggering 1,200 Unprecedented Emergency Freezes

Selling on Wall Street was so drastic Monday that the stocks and exchange-traded funds went through unprecedented emergency halts 1,200 times.

Intel Seeks to Improve Cloud Services from OpenStack with $100M Investment in Mirantis

Intel is partnering up with Mirantis to advance OpenStack cloud computing framework with a $100 million investment.

Liquidity vacuum: GE suffers most since 1987 Black Monday

In an unprecedented move, the stock price of world's most diversified business conglomerate fell 21 percent on the Wall Street. The shares of General Electric (GE) suffered biggest loss ever since the Black Monday in 1987 eroding the company's value by a whopping $53 billion.

Hawaii leads most expensive states in US; New York slips to 3rd position

The latest rankings on most expensive states in the US reveal that New York is no more the most expensive place in America. The Aloha State (Hawaii became Aloha State officially by 1959 Legislative Act) moved up to the top position in the list of most expensive state in the US for first quarter of 2015 from second most expensive state status in 2014.

Apple stock rebounds after Tim Cook's e-mail on China sales

Apple's stock rose sharply Monday after chief executive Tim Cook sent a rare e-mail to a news commentator, saying sales in China had been strong.

FAA recorded almost 700 drones and aircraft near collisions

FAA reported that there had been almost 700 close encounters between drones and planes. Drones have no permissions to soar the sky of more than 400 feet off the ground or within the five miles of any airport, but on the day of August 15, drones messed with air traffic in the Unites States, dozens of them.

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