Sectors
Oils Prices Rallied, But Recovery Still To Take Longer
Oil Prices increased Wednesday, but Shell is not expecting a recovery anytime soon. Lower inventories and oil production in US petroleum supply caused a spike on oil prices Wednesday, but giant oil company Shell admitted it will still take longer before any recovery.
Mark Zuckerberg announced an 'empathy' button soon on Facebook
Facebook CEO, Mark Zuckerberg, said on Tuesday at Townhall Q&A session that he's working out on a button that would express empathy over sad posts on Facebook.
Dollar-starved Venezuelan telecoms turn weaker
Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, the physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their networks. The soaring inflation doesn't allow them to raise a tariff.
Rise in low-income jobs makes the job easier for Fed in rate hike
The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in the labor market in low-income jobs is giving much-needed support to the US Fed.