It seems like that the whole America is enjoying their savings on gas and takes advantage of the situation while it still favors them. According to the analysis by JPMorgan Chase Institute, about 25 million credit and debit card users were discovered to have spent an entire 80% of their gas savings. These extra expenditures went to restaurants, where a portion also goes to entertainment, groceries, clothes, electronics and appliances.
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4 signs indicate Silicon Valley's tech bubble bursting
What matters the most in investing is the time when you exit. Loss or profit depends upon when you exit. If you can identify the bubble bursting, you can safely walk out of the market well before it happens. The tricky question is how to identify the market before it's blowing up. Investors, who made and lost money in dotcom bubble, fear that history may be repeated for the current tech bubble though the damage wouldn't as much as it was in dotcom crash.
British tech community delivers innovative solutions to refugees
Technology experts gathered in a one-day conference to tackle how they could help European refugees. They created an open office for all techies who wanted to help.
Greece economy will rise by the middle of 2016
By the middle of next year, Greece will go back to its economic growth only if the government will give importance and devoted attempt to reacquire financial strength.
China sees 10,000 start-ups a day amid government support
There's good news in a form of startups for China, which is reeling under the pressure of the slowdown in the economy. Giving much breath to China, over 10,000 startup firms are to take off every day. The majority are small enterprises.
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Central State Pension Fund executive director, Thomas Nyhan said in a statement that around 273,000 current and future retirees will be affected with its latest benefits cut. The country's largest pension fund is currently facing financial problem due to 2008 financial crisis and the latest economic uncertainty.
Facebook unveils animated emoticons, Reactions, to go with the 'like' button. The six emojis will have a pilot test in Spain and Ireland. Alongside the 'like' button, Facebook will pilot the Reactions. In particular, it is a set of emoticons including angry, sad, wow, yay, ha-ha and love, Tech Crunch gives details.
China Resources SZITIC Trust Co Ltd, a unit of China Resources Corp, is planning to divest minority stake in Wal-Mart Stores Inc. The state-backed China Resources Trust has a minority stake in the US retailer's operations in China. Wal-Mart Stores Inc has 21 Wal-Mart outlets in China. China Resources has listed its stake for sale at Yuan3.3billion ($525million). It's estimated that China Resources has 35 percent stake in the Wal-Mart outlets in China. Wal-Mart believes the transfer of minority stake doesn't impact the operations in China.
Adding one more tool to the Internet of Things (IoT), Amazon Web Services (AWS) has announced the launch of 'Amazon IoT,' a new service from the online retailer.
When employees are not satisfied with their benefits and how they are being managed, expect that delivery work is unsatisfactory. Worst is they will go on strike if their demands are not granted.
The San Francisco-based ride-hailing company Lyft has teamed up with Hertz Global Holdings Inc for offering rental cars to its drivers. Hertz offers car rentals on daily, weekly and monthly basis and now these services will be available as part of the agreement with Lyft, which offers rental cars to drivers who don't have their own cars or meet Lyft standards. On a pilot basis, Lyft plan with Hertz is available for drivers in Las Vegas and it will expand this plan to other locations soon. Lyft has also partnered with Shell for providing gasoline at discounted price to its drivers.
Marking a major feature since its inception in 2006, Twitter has released new app 'Twitter Moments' for bringing news updates to its users. Twitter Moments tool keeps up the users about news breaks without the need to watch multiple news platforms reducing time and effort. Twitter Moments app works on iOS, Android, and desktop and is initially available for US market only.
The American Academy of Arts and Sciences released a recent report detailing where most of the people's money were being put into, which revealed that 11 of the states in America are spending more on prison institutions than on higher education.
Microsoft Corporation introduces Microsoft Band 2. It will be on sale for $249 starting October 30. The new Microsoft Band fitness tracker was unveiled on Tuesday. It will run on Windows 10 OS. The wearable band will be available for $249.
