When daydreaming about money, visionaries like you think of the most amazingly, abundant scenarios. You can think of that mansion perched on the Hollywood Hills with no neighbours, or the multi-billion tech business, the best education for your children, or simply relaxing at one of the beaches in Fiji with your love ones.
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Rise in durable goods orders to push US Q3 GDP to 2.8%
Durable goods orders were up two percent in July on month-on-month (m-o-M) basis giving wider scope for the US gross domestic production (GDP) to reach over 2.8 percent in the third quarter this year as latest research reports forecast.
Despite slowdown, US services sector beats forecast
The US services sector's growth slowed down in early August but surpassed the forecast. According to the financial firm Markit Economics, the flash US Services Purchasing Managers' Index (PMI) recorded 55.2 points in August from 55.7 points in July.
Panic selling causes log in issues in investing websites
As panic ensued when the Dow crashed to 1,000 points Monday right after the opening bell, some investors complained on Twitter that they weren't able to log into their online stock accounts.
Facebook Moments version 2.0 app creates videos from your photos and syncs it to your friends
Facebook Moments app introduces a new feature; a photo collection aggregated from your phone in a form of video. Moments automatically collects your photos and pick the right type of music based on 12 background themes that is shareable with your Facebook friends by means of facial recognition.
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The victims of the hack on infidelity website Ashley Madison experience more dire consequences than imagined, ranging from extortion attempts, hate crimes, and even suicide.
Chipotle announced that it will hold its first ever National Career Day on September 9 and will hire 4,000 new workers on site. All restaurant locations in the US will be open for interviews for a maximum of 60 applicants between 8-11 A.M on the said date. Interested applicants can register for their interview on their website, NationalCareerDay.com.
Uber recently announced that it has allocated $1 billion to expand its operations in China. Like that is not big enough, the company will also be setting aside another $1 billion to strengthen its business in India.
Cavendish Kinetics to raise 36M for smartphone reception improvement with its new generation RF MEMS
San Jose company Cavendish Kinetics successfully raised $36 million to develop their radio frequency micro-electro-mechanical system (RF MEMS), which could significantly improve smartphone reception.
Chinese factor is impacting significantly growth plans of several economies in the Asian region. The uncertainty in the stock markets and volatility in the foreign exchange (forex) have kept the many Asian nations in a gripping situation.
Former U.S. Treasury Secretary Larry Summers claims that the aggressive sell-off on the global markets can lead to "a very serious situation" and raising interest rates could be a big mistake.
Selling on Wall Street was so drastic Monday that the stocks and exchange-traded funds went through unprecedented emergency halts 1,200 times.
Comcast announced this week that it has plans to roll out a next-generation cable technology that will opportune it to compete at the same speed that Google Fiber has, which is 1 gigabit per second.
Since European Union's economy is finally recovering, a noted economist proposes three significant areas that U.K. officials should focus on to sustain its growth: medium-sized businesses, overseas trade and linking of geographic powerhouses to maintain the economic model.
