U.S. stocks swung on Tuesday ahead of Fed statement. While Morgan Stanley and JPMorgan warned that similar to Europe and Japan, stimulus program may not be effective to stimulate growth.

Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.

Forge Inc. received a total of $4.5 million in seed fund rounded by Resolute Ventures, True Ventures and WME Ventures. The venture capitalist funded the platform for PC gamers to have no difficulty in sharing short video clips of their favorite games. The Forge app is free to download and is only available on PC.

Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.

A two-day policy meeting of US Federal Reserve will conclude on Wednesday. US Fed Chair Janet Yellen is expected to keep short-term interest rate unchanged for now and may go for a hike in June.

Telstra commits to be a complete technology company and hires the services of former Nokia CEO Stephen Elop and former Optus executive Kevin Russell. With the combined expertise of the two people, Telstra is in for a successful global growth.

European legislators have started grilling multinational companies such as Google, Apple, Alphabet and McDonald's. European nations are feeling the heat of mounting political pressure to check tax evasion by foreign multinational companies.

Justin Trudeau, the new Prime Minister of Canada, has ruled out any possibility of new stimulus funds as new budget deficit is expected to be C$30 billion ($22.5 billion). Canada’s Finance Minister Bill Morneau will present the budget on 22nd of March 2016.

Next Insurance raised a seed fund of $13 million led by Zeev Ventures together with TLV Partners and Ribbit Capital. The fund will be used to help small businesses seek and get insurance online without any difficulty.

Many speculates why Microsoft stops accepting Bitcoin as a mode of payment for purchasing apps in its Windows Store. Users became alarmed since they can no longer add Bitcoins to their account and existing balance can no longer be refunded. A Microsoft spokesperson apologized for the incorrect information and said that it will be taken care of.

App-based ride-hailing service Lyft announced its new initiative with GM, a car rental program called Express Drive. Aiming to grow its base of drivers, the new program will allow drivers to apply without owning a qualifying car but renting in instead.

Share prices of WPP have been witnessed to rise by 98% between 2011 and 2015. Acknowledging WPP CEO Sir Martin Sorrell’s efforts, the world’s largest ad firm is going to announce £60 million Pay Package for him. But the ad agency’s move may again face opposition from the shareholders following earlier precedence.

AstraZeneca is facing serious issues with regard to its executive salary after a profit cautioning. Investors want the company to link Pascal Soriot's pay with revenue target.

The emergence of blockchain ad network system provided by BitTeaser is changing the online advertising markets. With the blockchain-based system, any webmaster can now join the advertising sector regardless of the website’s traffic.

French energy company Electricité de France SA asked for financial support from French government. The company is facing problem in a £18 billion ($25 billion) nuclear power plant project in Sommerset, England.

US Securities and Exchange Commission (SEC) has slapped penalties on AIG's three affiliates for steering customers to high-fee products. AIG is also offloading its brokerage unit owing to stringent norms. AIG has agreed to pay $9.5 million for settling the regulator's claims.

In the wake of the Al-Qaeda attack on a beach resort in Ivory Coast, the country’s president has tighten the security measures across the nation. Ivory Coast is striving to improve its economy, especially through foreign investment.

Fastjet founder Stelios Haji-Ioannou has called for removing its CEO and suggested for other restructuring. Though the African budget carrier has decided for keeping the CEO as an advisor for another year, but finally decides to address its founder’s call. However, the founder has accused the Fastjet CEO for representing unrealistic revenue forecast.

Fever-Tree announced an increase of 71% in revenues for the year ended December 31, 2015. The company's profit was helped by its recent deals with EasyJet, British Airways and Marks & Spencer.

Liverpool FC's Ian Ayre is to step down as CEO after his current contract ends next year. The club’s owner has been trying to convince him to stay, but without success.

Voters will decide whether to approve the expansion of casino in New Jersey beyond Atlantic City. A referendum will be held in November as state's legislature approved the ballot plan on Monday.

Founder and CEO of Under Armour Kevin Plank shared his success in building Under Armour into billion dollar company in SXSW annual event on Tuesday. His recipe is simple: make profit.

Honest Dollar Acquired By Goldman Sachs On Monday, Goldman Sachs' Investment Management Division announced that it will take over Honest Dollar, a web and mobile-based retirement savings platform based in Austin, Texas where the amount was not disclosed.

Uber allows alternative measure of getting expensive taxi driving licenses and offers low cost ride to the lower income people. But Moscow, unlike some other countries with stricter transportation laws, prohibits such service. Moscow has been persuading for long and finally gets success in compelling Uber to sign agreement which limits its service to the licensed drivers only.

Solar panel provider SolarCity has sold $235 million in asset-backed securities (ABS) market this year. The number is a record high despite a steep drop of the company's shares in stock market.

GE acknowledges 2015 as one of the most successful business years in its history while recognizing CEO’s leadership contribution. Jeffrey Immelt, chairman and CEO of GE, has received $33 million compensation in total for 2015 which is 11.5% lower than the previous year. The compensation package has been disclosed through a regulatory filing with U.S. Securities and Exchange Commission.

Economists and analysts have repeatedly been suggesting for devaluation of local currency in a bid to ease pressure on foreign currency reserves. But the Egyptian central bank has refrained from doing so considering surge in inflation. The inflation has been recorded as the lowest in February during the last six months and the bank has devalued the currency on Monday.

With an objective of not giving any such scope for price escalation as Martin Shkreli did for Daraprim generic drug, US Food and Drug Administration (US FDA) has turned very cautious on approvals to generic drugs. US FDA is now reviewing new applications for generic drugs, while ensuring no such lapses of price escalation.

The US dollar recorded a multi-year bull run and has still enough steam to gain 10 percent further this year. All eyes are on the two-day policy meeting of US Federal Reserve beginning from Tuesday as it will set the tone for US currency.

Sony will pay $750 million to the Michael Jackson estate for its share in the music catalog. Once the deal is closed, the estate will be no longer in debt.