The International Monetary Fund raises concern about the potential fallout of a US rate hike this year. The fund says raising interest rates at this time puts the already fragile global economy at risk. "Monetary policy must stay accommodative to prevent real interest rates from rising prematurely," the IMF said Wednesday in a letter to top central bankers and finance ministers meeting in Turkey this week.
United States
Drop in Unemployment Rate Is Not Enough to Calm Market with Higher Interest Rates
There may be a big drop in unemployment rate, but U.S. still fails to calm markets with the big possibility that the Federal Reserve will increase interest rates. According to Telegraph UK, U.S. unemployment rate dropped to a seven-year-low last month. According to data from the US Labor Department, unemployment rate went down 5.1pc in August, the lowest it has been since April 2008. This is also a level that the Fed considers to indicate "full employment."
August sell-off: No 'flight to safety' for bonds market
When stock markets tumble, bonds gain momentum and vice versa. But, this time it's a different picture. Contrary to market expectations, bonds market couldn't pick up when equities across the global market dropped in August.
Over diversification could dent returns on your funds
Don't put all eggs in one basket - this is basic investment principle in portfolio diversification. But keeping eggs in so many baskets will also not give the desired results, alert analysts.
T-Mobile launches built-in video calling feature to Samsung phones
T-Mobile has recently announced that video calls will be a built-in feature on selected T-Mobile smartphones. T-Mobile confirmed that it will roll out the exciting feature to the Samsung Galaxy S6 Edge+ and the Samsung Galaxy Note5 starting now, while the Galaxy S6 and Galaxy S6 Edge will have to wait until next week.
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Ex-Sony Pictures Entertainment employees filed a proposed class action lawsuit on Wednesday regarding the breach of records with the entertainment company in U.S. District Court in Los Angeles.
Grace period is the time given by the government and other agencies to the student before any loan repayment needs to be done. This period was given purposely to help all students to settle down on and being financially stable before they make another commitment. During this grace period, students need to plan well on how they can tackle the debt as it will help the student to still be financially stable when they start paying the debt.
Today, Google announced at its San Francisco office a new feature for their Google Classroom - a Chrome extension. The new feature will allow teachers to share website with their student eliminating the need for teachers to pass the URL to students for them to click on.
After the restructuring announcement made by Google earlier this month to introduce Alphabet, Google today unveils their new logo to the world. Still keeping their old word mark type of logo, Google's new logo feature a softer color tone and is made of sans-serif typeface.
Make way for the arrival of Huawei Watch on September 17 at Best Buy, GetHuawei.com, Amazon and Google Store in the U.S. The price starts at $349, and pre-orders begin September 2.
HANA Vora software, the just-launched database query tool from SAP AG, has been developed to enable users to make a sense of a deluge of real-world data emerging from several transactions including retailing, transport systems, social media, online transactions, etc.
Another data theft involving Apple was reported over the weekend where some 225,000 Apple account login data were stolen. The attacks originated from a malware of a family known as KeyRaider. It was distributed widely through an alternative App Store website known as Cydia in China.
With current economic uncertainty, investors and citizens are asking whether the country will get affected by the looming global financial distress. Latest report by Business Insider shows that despites the turbulence, US economy has grown by 3.7 percent in the second quarter of 2015, and the unemployment rate fell to 5.3 percent this year compared to 6.2 percent last year.
Seven technology giants; Google, Netflix, Mozilla, Microsoft, Cisco, Intel and Amazon collaborate to work on with an open source video format that would abolish video plugins soon.
