Industry
Gasoline tumbles to 7-year low at $1.91/gallon
The average gasoline price fell to seven year low and is hovering at $1.91 per gallon in the US. If crude oil price continues to move upwards, then the gas price fall may rebound in the near future. According to AAA, the average may not go above $3 a gallon in 2016. Gasoline price fell 14 cents during the past two weeks.
Apple Rumor : Apple's New Special Edition 4-Inch iPhone To Be Called "iPhone 5se"
Apple is rumored to launch a new hybrid iPhone called iPhone 5se and new Apple Watch models. The rumor mill has churned out the latest on Apple: Apple will be releasing a new special edition phone based on one of its earlier iPhones, which is expected to be smaller and supports Apple Pay and for capturing Live Photos.
After Getting Dragged Down by Chinese Market, U.S. Stocks Bounce Back
U.S. stocks bounced back after being dragged down on Wednesday by volatility in China. Global market followed to regain, while oil price began to stabilize.
Deutsche Bank Reported €6.8 Billion Loss in 2015 Due to Poor Performance and Litigation Cost
Deutsche Bank AG reported €6.8 billion ($7.2 billion) losses in 2015. As a result, co-CEO John Cryan and Juergen Fitschen announced on Thursday that the management board will not receive bonus.