Oil prices dropped on low volumes as investors preferred to book profit to take advantage of overnight rally. The oil price is hovering above $50 a barrel on disruption in production in Brazil and Libya.
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The US stocks closed higher on Tuesday as investors begin to heavily buy shares as commodities producers slowly beginning to balance their output helping its price to rebound.
Bitcoin, the most famous digital and crypto currency, has an enormous surge of value with more than 70% raise in a month. A movement that surprised every body amidst a global economic slowdown, is coming from Chinese capital outflow invested in bitcoin.
Facebook Inc. announces that its artificial intelligent research team has achieved new developments including the software's ability to identify objects in digital pictures, to understand natural language, and even to learn.
Tesla's stock went up 8.5 percent to $226 after reporting their third quarter earnings where it delivered more cars than expected. Reuters reported that the car company will boost up the production of its electric cars after its Model X SUV saw a strong rollout, bringing its stock up 9 percent even as it reported its biggest loss in ten quarters.
The U.S. federal government has launched a retirement savings program called myRA. The program was first announced by President Obama in his 2014 State of the Union address.
A stiff competition in productivity apps between Microsoft Office 365 and Google Apps for Work is heating up. Both Microsoft and Google have made their move to win more corporate customers.
Social online gaming Zynga posts its third-quarter earnings that beat analysts expectations, revealing that the company is still able to compete in current mobile-age time. Zynga reported $176 million in bookings with a revenue of $196 million.
Chinese President Xi Jinping and Taiwanese President Ma Ying-jeou will meet for the first time in Singapore amidst the expected public opinion backlash. Reuters reported that the meeting coincides with Taiwan's growing anti-China sentiments as the presidential and parliamentary elections are nearing this January.
After fifteen years of being an online encyclopaedia for people all over the world, the English-language version of Wikipedia now has five million articles. According to Gizmodo, the article that hit the five million mark was an entry on persoonia terminalis, which is a shrub that can be found in eastern Australia.
Both Star Wars fans and Disney Park goers will absolutely love the idea of the opening of the all time favorite American epic space opera film, Star Wars in all Walt Disney World Resort Attractions. The most exciting is it will have its opening during the Holidays.
A new study reveals that the number of millennials living with housemates increased significantly by 39 percent. Make Room is a campaign that aims to end the housing crisis in America.
The UK government is trying to pass a bill that would ban strong end-to-end encryption that could force Apple to stop selling its iPhone in that country. According to Forbes, the UK government plans to pass legislation that would prohibit the use of strong encryption, which means any encryption they can't break is not allowed.
Facebook CEO, Mark Zuckerberg believed the future of social network is in Virtual Reality. Last year, Facebook acquired Oculus, a VR company. Now they partner with Samsung to make mobile VR experience come to life.
Hyundai Motor Co. announced that it will launch a new standalone luxury car brand called Genesis, as the South Korean carmaker seeks to move upscale and to target higher profit margins.
Quebec is reacting positively to its decision of supporting Bombardier Inc with $1-billion lifeline. Quebec says its decision wouldn't attract any trade dispute from the competitors of Canadian airline.
The National Highway Traffic Safety Administration fined air-bag supplier Takata Corp for $70 million and is ordered to stop manufacturing inflators that has ammonium nitrate.
Jon Stewart struck a four-year production deal with HBO, boosting Time Warner's share by 2 percent during midday trading. According to a report published on Forbes, Stewart's main job for the network is to create web content.
Deal service Groupon announced Tuesday that it has promoted Rich Williams as the chief executive of the company replacing co-founder Eric Lefkofsky, who is now back to his role as the chairman.
Activision Blizzard Inc, a leading player in the mobile game publishing giant, is buying King Digital Entertainment Plc, a mobile publisher, for $5.98 billion. After beating the market expectations for third quarter results, Activision has announced its decision of acquiring King. Activision is keen on expanding the mobile gaming activity as the acquisition will create biggest games powerhouse in the world. It's estimated that after the acquisition, it will be next to the market leader Tencent in the global market. The company's stock rose to its all-time high as investors responded positively to the acquisition news.
A bizare idea just occurred recently in the Twitch live streaming video platform. A group called themselves "twitchintheshell" planned to install Linux on a virtual machine, based on the most popular keystroke entered by Twitch users. The idea named asTwitch Install has ended in a couple of days after being hijacked by botnet installing other Linux distro.
More than 40% of goods sold on the Internet in China are fakes or shoddy, according to a report by an official of the standing committee of the National People's Congress, the country's top law-making body.
Ellon Musk's Tesla Motors Inc. announced that there will be a new Chief Financial Officer in the company as its current CFO, Deepak Ahuja will be retiring this year. According to the announcement, the new CFO is Jason Wheeler, a former CFO for Google.
The United States is now third place in the list of top tax havens for foreign companies on the biannual Financial Secrecy Index by the Tax Justice Network, next to Switzerland and Hong Kong.
Chipotle Mexican Grill Inc. announced it has ran steps to improve food safety by hiring two food safety consulting firms, including IEH Laboratories and Consulting Group, to perform batch-testing ingredients as an effort to respond to its E. coli cases.
Amazon is opening its first physical bookstore on Tuesday this week. The store is located in the University Village shopping center, an upscale outdoor mall north of the University of Washington, Seattle.
Following the success collaboration with the fast growing retail delivery service Instacart in Minneapolis, the retail company Target Corporation is now expanding the service with Instacart in San Francisco.
Microsoft's latest Windows 10 increased its market share by 7.94 percent in October from 6.63 percent in September. Ubergizmo has reported that one of the major reasons for the growth in the company's market share is the fact that people who use a genuine older version of Windows can upgrade their operating system to Windows 10 for free.
The oil drilling activity in Canada is taking a hit as crude oil price is still hovering at $50 a barrel. The current situation is forcing Canadian oil companies to lower drilling activity in 2016.
Linux, the once revolutionary operating system in the 1990's, has just released its latest kernel version. The release of its new 4.3 kernel was preceded by an angry message by its creator due to bad programming code.