Commodities such as oil is slowly declining following the Black Monday selling pressure on 24th August raising concern among investors regarding current world economics. China stock took a plunge and Dow Jones Industrial average hit its lowest value for 2015 on that day.
The International Monetary Fund raises concern about the potential fallout of a US rate hike this year. The fund says raising interest rates at this time puts the already fragile global economy at risk. "Monetary policy must stay accommodative to prevent real interest rates from rising prematurely," the IMF said Wednesday in a letter to top central bankers and finance ministers meeting in Turkey this week.
Ex-Sony Pictures Entertainment employees filed a proposed class action lawsuit on Wednesday regarding the breach of records with the entertainment company in U.S. District Court in Los Angeles.
Grace period is the time given by the government and other agencies to the student before any loan repayment needs to be done. This period was given purposely to help all students to settle down on and being financially stable before they make another commitment. During this grace period, students need to plan well on how they can tackle the debt as it will help the student to still be financially stable when they start paying the debt.
Today, Google announced at its San Francisco office a new feature for their Google Classroom - a Chrome extension. The new feature will allow teachers to share website with their student eliminating the need for teachers to pass the URL to students for them to click on.
After the restructuring announcement made by Google earlier this month to introduce Alphabet, Google today unveils their new logo to the world. Still keeping their old word mark type of logo, Google's new logo feature a softer color tone and is made of sans-serif typeface.
Make way for the arrival of Huawei Watch on September 17 at Best Buy, GetHuawei.com, Amazon and Google Store in the U.S. The price starts at $349, and pre-orders begin September 2.
HANA Vora software, the just-launched database query tool from SAP AG, has been developed to enable users to make a sense of a deluge of real-world data emerging from several transactions including retailing, transport systems, social media, online transactions, etc.
Another data theft involving Apple was reported over the weekend where some 225,000 Apple account login data were stolen. The attacks originated from a malware of a family known as KeyRaider. It was distributed widely through an alternative App Store website known as Cydia in China.
With current economic uncertainty, investors and citizens are asking whether the country will get affected by the looming global financial distress. Latest report by Business Insider shows that despites the turbulence, US economy has grown by 3.7 percent in the second quarter of 2015, and the unemployment rate fell to 5.3 percent this year compared to 6.2 percent last year.
Seven technology giants; Google, Netflix, Mozilla, Microsoft, Cisco, Intel and Amazon collaborate to work on with an open source video format that would abolish video plugins soon.
Citigroup announced that they are planning to rebuild its equity unit soon. The move is seen as a bold action by the bank considering current economic situation and the "Volcker rule" regulation which limits banks investment in such funds.
The latest projects indicating job gains in August are giving a much wider scope for US Fed rate hike speculation. According to research firms, non-farm payrolls were up 220,000 in August from 215,000 in July. Unemployment rate is also at 5.2 percent indicating near seven-and-a-half-year low.
At a time when the US construction sector is showing renewed activity, the rise in construction spending is boosting the US gross domestic product (GDP). At this juncture, home builders are upbeat on the prospects in the real estate and construction sectors as availability of loans is longer scarce.
The concerns about the future course of Viacom among its investors led the continuous drop in stock on Nasdaq. The latest watching ratings on Viacom's MTV, Nickelodeon, Spike and Comedy Central steeply fell when compared to its competitors. This has created doubts among the company's investors, who resorted to offload their holdings on Nasdaq exchange.
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- US economy is growing amidst looming global financial crisis
- Schlumberger announces merger offer with oilfield maker Cameron
- August sell-off leaves William Ackman's hedge fund with flat gain in 2014 so far
- The Internet of Things is worth $7T market opportunity - IDC
- Richest man in Asia acquires World Triathlon Brand for $650M
- China manufacturing woes continue: PMI index slips below 50 pts
- Smart watch war: Huawei versus Apple Watch
- Reebok rebrands as a fitness center in the U.S. and Europe