Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world's second-largest economy.
Industry
Chicago catching up fast as next Silicon Valley hub
With California's real estate over saturating fast, Chicago is poised to be next best option among other potential cities to be future Silicon Valley tech hubs.
Global sluggishness erodes $9B in Norway's pension fund
Adverse conditions in the global markets took a toll on Norway's Pension Fund, the world's largest sovereign fund, in the second quarter.
Growth rate of new businesses slow; Women-owned firms increasing - census
The growth rate of new businesses in the U.S. is particularly slow, but the latest government data shows that the number of women-owned firms has increased quite significantly.
Target raises annual profit outlook with more traffic and customers spending
Target stores are getting more foot traffic and shoppers are spending more in each trip, raising the company's annual profit outlook and increasing its second-quarter net income three folds, announced the discount-store chain Wednesday.
Latest News
The U.S. coal industry is hit by another major blow as Alpha Natural Resources Inc. will file for Chapter 11 bankruptcy court protection on Monday.
With HTC's unimpressive performance from the One M9, the company attemps one final push for redemption with the One M10. Will this "hero" smartphone save the day? Or will HTC finally sell to ASUS. Read more on the details catch the latest news here!
Car insurance companies are puzzled when Google driverless cars hit the roads in some areas in America. Some of the alternate plans include the extension of the insurance coverage to mobile phones as well as the carmakers for the expenses in case one of the features of the driverless cars crashed.
The slowdown in economic growth in major economies is expected to keep the stock markets under four percent annual growth in the near future. The second half of 2015 is expected to be sluggish following the bleak economy outlook for the US, EU and China.
Three of the top companies by market capitalization in the US are technology companies established after 1970 that make waves in the global markets until today.
Victoria's Secret, the leading lingerie brand dominating the 35% of the market is losing $9 billion opportunity for missing out plus-sized underwear in the line.
Deliveroo, the startup food delivery company in London has gained investment from Index Ventures and Greenoaks Capital for its third round in the past 12 months. The food delivery service has just sealed $70M, equivalent to £45M funds, to support its plan to enter international services.
The gold price drop last week showed its lowest since 2010 and the yellow metal is poised for further fall likely to record biggest monthly drop in the past two years.
Western and Middle East insurance specialists see Iran as an appealing $8 billion (£5 billion) market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country with caution.
