Oil prices dropped on low volumes as investors preferred to book profit to take advantage of overnight rally. The oil price is hovering above $50 a barrel on disruption in production in Brazil and Libya.
North America
Facebook, Amazon join $300-bn Market Cap Club
The significant jump in shares of Facebook and Amazon took them into $300-billion club on 4 October. The market capitalization of Facebook soared to $303.6 billion surpassing General Electric's (GE) $299.1 billion.
Out of range: Target is closing down 13 stores in the US
Target, one of America largest retail stores is closing 13 stores across the United States that has been performing badly over the years. The management blames decreasing profit in these stores as the main reason for the closure.
MetLife profit drops 43% on weaker investment yield, tax hit
MetLife Inc suffered 43 percent drop in profit for the third quarter due to bleak investment results and tax costs associated with the UK subsidiary which impacted the financial performance of the largest life insurer in the US.
Super conductor Graphene brings the new wave to energy efficient electronics development
Graphene, one of the atomic forms of carbon, has been widely used to increase flexibility, transparency, and conductivity of electronics application and has begun to reach other application areas.
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The US stocks closed higher on Tuesday as investors begin to heavily buy shares as commodities producers slowly beginning to balance their output helping its price to rebound.
Bitcoin, the most famous digital and crypto currency, has an enormous surge of value with more than 70% raise in a month. A movement that surprised every body amidst a global economic slowdown, is coming from Chinese capital outflow invested in bitcoin.
Facebook Inc. announces that its artificial intelligent research team has achieved new developments including the software's ability to identify objects in digital pictures, to understand natural language, and even to learn.
Tesla's stock went up 8.5 percent to $226 after reporting their third quarter earnings where it delivered more cars than expected. Reuters reported that the car company will boost up the production of its electric cars after its Model X SUV saw a strong rollout, bringing its stock up 9 percent even as it reported its biggest loss in ten quarters.
The U.S. federal government has launched a retirement savings program called myRA. The program was first announced by President Obama in his 2014 State of the Union address.
A stiff competition in productivity apps between Microsoft Office 365 and Google Apps for Work is heating up. Both Microsoft and Google have made their move to win more corporate customers.
Social online gaming Zynga posts its third-quarter earnings that beat analysts expectations, revealing that the company is still able to compete in current mobile-age time. Zynga reported $176 million in bookings with a revenue of $196 million.
After fifteen years of being an online encyclopaedia for people all over the world, the English-language version of Wikipedia now has five million articles. According to Gizmodo, the article that hit the five million mark was an entry on persoonia terminalis, which is a shrub that can be found in eastern Australia.
Both Star Wars fans and Disney Park goers will absolutely love the idea of the opening of the all time favorite American epic space opera film, Star Wars in all Walt Disney World Resort Attractions. The most exciting is it will have its opening during the Holidays.
