America's total wealth in Q2 increased even more, thanks to the stronger housing market. The value of owner-occupied real estate hit $21.5 trillion, up more than $400 billion from Q1 and nearly $4.5 trillion since the low point in 2011, according to the Federal Reserve report on Friday, as reported by CNNMoney.
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Boeing factory will soon land in China
Plans for setting up a Boeing factory in China has been submitted to the Beijing Government. It was reported Tuesday by the state-run media ahead of President Xi Jinping's U.S. visit, where he will tour one of its plants.
EU court orders airlines to compensate passengers for flights cancelled or delayed
With the European court judgment's awareness, UK aviation regulators started enforcing the budget airline Ryanair, to compensate thousands of delayed passengers. The statement came after hours after a final ruling from the European court of justice opened the floodgates for compensation claims against airlines that could reach into hundreds of millions of pounds, as reported by The Guardian.
Volkswagen CEO steps down; US may slap $18B penalty
Volkswagen's manipulation in emission norms is rocking Germany following the latest resignation of CEO Martin Winterkorn. Analysts forecast that the recent developments at Volkswagen will have an impact on business and politics in Europe's largest economy.
Photoshop maker Adobe reported 21 percent quarterly increase in revenue due to more cloud subscription
Photoshop maker Adobe System Inc's quarterly revenue jumped 21 percent, thanks to the better-than-expected increasing number of subscribers to its Creative Cloud software suite. Reuters wrote that Adobe's net income increased to $174.5 million, which is 34 cents per share in the end of the third quarter on August 28. Last year, on the same period, that number was only $44.7, or 9 cents per share. Meanwhile, its revenue went up to $1.22 billion from $1.01 billion.
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Indian currency Rupee seems to be heading for its biggest drop since 2013 as INR continued to drop for the third consecutive session following the selling pressure in riskier assets owing to renewed growth concerns on Asia.
The Chinese manufacturing sector registered its worst performance in the past 78 months. The measure of sentiment among purchasing managers, Preliminary Caixin China manufacturing index (PMI) dropped to 47 in September from 47.3 in August.
Chinese President, Xi Jinping and his wife kick off their first official visit to the US today. The president safely landed in Paine Field, Seattle in an Air China 747 near a Boeing plant. Washington state Governor, Jay Inslee was there to welcome the president and his entourage. The president chooses Seattle as he regards Seattle as the "America's gateway to Asia".
Traveling to a different place is awesome and exciting leaving your workplace for awhile to unwind. You will discover a new haven, and learn to appreciate the beauty of nature. The question is would you like to have a tour guide or do it on your own.
A few years back, 3D printing was fast becoming an alternative option for a more convenient and efficient manufacturing process. Now, the global 3D printing market is already expected to increase to $20.2 billion come 2019. This is based on the 44% annual growth from 2014. One of its emerging common uses is among kids' products.
It's estimated that savings of Americans for retirement is at a whopping $17 billion per annum. But is it in the safe hands. The conflicted financial advice is costing the US citizens billions of dollars.
Gone is the excitement among Apple Watch users as they cannot install the watchOS 2 on their devices this coming Wednesday. Apple announced that there will be a delay in the release of the much-awaited software because of the bug forcing them to pull out the software update, as reported by Tech Times.
Apple Inc. is preparing the electric car code-named Titan to be shipped in 2019. In fact, the company had already hired 1800 experts to its development team. According to the Wall Street Journal, the Project Titan had been tripled its team to 1800 members by now. Apple is pushing the project as it targets 2019 for the shipment of the electric car. The report said the company has no plans to make the car fully autonomous on its initial launch, though the driverless car is still part of the plan.
The massive expansion of fiber optic broadband (FOB) in Johannesburg and other up markets in South Africa is paving the way for video on demand (VoD) services. Many companies with offers of internet video streaming services are making a beeline to explore the untapped market in the most developed economy in African continent. It's learnt that US major in streaming video services is also entering the market.
