Revised data released Tuesday shows that Japan's economy contracted at a minus 1.2 percent annual rate during the second quarter. In a report from St. Louis Post-Dispatch, economists are rather impressed with the figure reported since it is better than what was expected. A preliminary report last month showed that Japan's economy contracted at a minus 1.6 percent annual rate.
Archives
Milennials Dive Into the Wild Stock Market, Investing Despite Volatility
The Wild Stock Market has scared many investors, but more millennials are investing in stocks despite volatility. According to CNN Money, stock trading app Robinhood, which is popular among millennials, reported that the number of new accounts in their site doubled on August 24 when the stock market fell over 1,000 points at the open. On that Monday, 65% of US customers bought stocks, rather than sell. As the market sell off continued the following day, Robinhood users bought more stocks.
IRS Rejects Yahoo's Tax-Free Alibaba Spin-off Request, Sending Stocks Down 4%
IRS declined to bless Yahoo's planned tax-free Alibaba spin-off, sending its shares down about 4%. According to Business Insider, Yahoo owns 384 million shares of Chinese tech giant Alibaba, which is worth $23 billion. Yahoo plans to turn that into a separate company with its small-business unit in a tax-free transaction that allows it to give much of the value back to Yahoo shareholders. However, IRS declined to grant Yahoo's request. It doesn't mean the IRS rejected Yahoo's plan directly. IRS is simply telling Yahoo it can't be too confident about the approval of the deal.
Will Lenovo, HP and Dell consolidate in the PC market in the coming years?
Three PC makers, Lenovo, HP and Dell will consolidate in the PC market, says Michael Dell on a press briefing in Bengaluru, India Michael Dell, Dell Inc. CEO, told Reuters he predicts there would be consolidation among three PC makers in the market. These are Dell, HP and Lenovo. These three PC manufacturing companies will take over 80% of the market in a few years.
Borderlands movie adaptation plagued with issues; Originality, storyline and execution questioned
Borderlands movie adaptation had just been announced but several issues have already surfaced. Questions on originality, storyline and execution plague the beginning of this production.
Latest News
Recently, "Star Wars: The Force Awakens" was rumored to reshot a scene in Skellig Michael. But, Lucasfilm immediately clarified the issues.
The growth rate of China's economy for 2014 has revised marginally lower to 7.3 percent from previous forecast of 7.4 percent. The drop in services sector weighed more on gross domestic product (GDP). According to the latest data from National Bureau of Statistics (NBS), the GDP stood at 63.6 trillion Yuan ($10 trillion) in 2013 and this was 32.4 percent lower than earlier projection. The latest data casts shadow over the Chinese government's target of seven percent for 2015.
Investors have been asking about how Facebook's Messenger can earn more money. CEO Mark Zuckerberg revealed plans during the earnings call on how Facebook will bring more dollars to its recently acquired messaging app.
Richard E. Grant was casted to join "Game of Thrones" season 6. There has been no details about his role yet.
Stephen's King's The Dark Tower film adaptation is also getting a TV series although not much has been said about it. In line with this, suggestions of where the TV series should be released or streamed are made, like Apple.
One of the episodes of 'The Vampire Diaries' Season 7 will be directed by Ian Somerhalder. Rumors are spreading that there might be a baby born from the Stefan-Caroline relationship.
"Toy Story" 4 is highly anticipated to cover the life of Andy with his parents. As the rumors say, he will be searching for his mother in the upcoming movie.
Tom Hardy made headlines again after his MySpace underwear pictures went viral. With a whopping 1.3 million views after 'BuzzFeed' shared the photos, fans everywhere around the world went crazy over the goofy photos. After the popularity the pictures brought the actor, Hardy took the time to address the picture situation stating he's not at all ashamed.
Bad Boys 3 reboot is announced as part of Sony's 16-movie list. This may mean major cast and and crew changes, especially that scheduling conflicts plague the movie's lead Will Smith.
