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Gold price retreats from 12-week high on US Fed statement

Gold soared to three-month high early this week as investors switched over to safe have following the concerns about the global economy. The US Federal Reserve indicated a challenging global economy and this may not prevent it from raising interest rate. Gold price reached to $1,127.80 on 27 January and this propelled investors to book profits.


Gasoline tumbles to 7-year low at $1.91/gallon

The average gasoline price fell to seven year low and is hovering at $1.91 per gallon in the US. If crude oil price continues to move upwards, then the gas price fall may rebound in the near future. According to AAA, the average may not go above $3 a gallon in 2016. Gasoline price fell 14 cents during the past two weeks.

US Housing sector experiences bumpy road

The US housing market was boosted at the end of the year 2015 that marked the best year for existing and fresh home sales since 2007. Nearly 501,000 fresh homes were sold the previous year, an increase of 14.5% from 2014.

Obama takes first steps towards lifting the Cuban trade embargo

President Obama has rolled out a new set of regulations that lifts the Cuban trade embargo to a certain extent. The relaxed rules allow easy facilitation of trade, travel and finance between the two governments, a move taken to end the age-old cold war between them. While the embargo cannot be lifted completely unless Congress gives their consent, the Obama administration is convinced that this is a step in the right direction for improving the condition of the island.


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Google is always pioneer in offering innovative promotional measures. In a similar, it has reduced Nexus 5X and certain color containing 6P model prices by $50 dollar. Combining this discount offer with previously declared $30 price cut has made the devices cheaper and within the capability of mid income group. However, buyers from Europe seem to be more beneficial since the discount amount remains higher there.
Presence of lead beyond acceptable has plagued Ohio and as the aftermaths, the schools of this remain closed for the straight 3rd day. Before Ohio, Michigan has reported tumbled with the same issue. But after conduction of investigation, the Ohio EPA strongly believes that the operator in water treatment plant of Sebring village has presented falsified test reports. The agency has sought legal assistance from the US EPA’s Criminal Investigation Division.
Food and Safety Inspection Service (FSIS) under the US Department of Agriculture (USDA) has recalled mislabeled uncured pork pepperoni. Referring it as a Class II hazardous situation, FSIS advices Whole Foods customers to return the purchased products or just throw them away. But the recalling has taken place as consequences of changed ingredients from supplier’s behalf.
The lawsuit claims a penalty of $18 million as well as the returning of $2 million royalty payment because Jay Z was not abiding by the agreement that he would promote his signature fragrance. Parlux Fragrances claimed that they have lost millions from potential sales and development costs and demanded a compensatory fine.
When we say TotalBiscuit, it’s the video game YouTuber John Bain. He bids an emotional goodbye to social media citing that he is not able to accept criticisms among other reasons.
Mozilla has introduced a new version of its browser on Tuesday that allows push notifications even from unloaded sites. The new feature is super useful for websites like email, weather, social networks and shopping, which are usually frequently browsed for updates. This saves battery life and system resources. Through introducing the updated browser, Mozilla also keeps its earlier commitments, pledged along with other browser makers, for dropping RC4 support in 2016.
JPMorgan Chase is all set to revolutionize the concept of ATM cash withdrawals. The bank will introduce the new system in the form of e-ATMs which will basically render bank cards redundant. The machines will dispense cash via a simple mobile app, in different denominations like $1, $5, $20, and $100 bills. At the same time, Chase has increased the withdrawal limit by three times, at $3000.
Oracle has disclosed its expansion program in the Middle East for 2016 which involves setting up a data center and new offices in Abu Dhabi and internet cities in Amman and Riyadh. It also plans to increase its workforce to offer better service for the customers across the Middle East and Africa. The vibrant nature of the cloud market in the Middle East region and the ever growing cloud business therein has led the Californian tech giant to approach with larger investments.
Angelsense is an application that can be used to track the locations of children with autism. Children with autism are often wandering off. With the features in this application, parents can find out where their children are, and also receive alert messages if their children move to unusual locations.
The Drone Racing League already announce its first season that would take place in Miami this year. The league will involve only skilled pilots to compete in its six courses of races. The league hopes that they could be as big as NASCAR, Formula 1, or MotoGP.