The US economy is witnessing surge in job market and attractive mortgage rates. These positive factors are expected to boost the new home market. The US economy is forecast to grow at 2.7 percent in 2016 from 2.1 percent in 2015. Economists predict that the GDP growth rate may slowdown to 2.2 percent in 2017. The market for new homes grew 15 percent during the first 11 months of 2015.
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Facebook’s ‘Sports Stadium’ to draw away sports fans from Twitter?
Facebook has come out with yet another special feature, this time, exclusively for the sports fans. Its Sports Stadium will be a virtual hub for millions of sports fanatics to get together and post photos/videos, like them, look at a dashboard full of stats and, most importantly, chat about the games, all the while getting access to expert commentary by celebrities and their teams. Currently, this space has only been rolled out for iOS in the US.
Company Restructuring: Pearson Revealed £320m Restructuring Plan Which Involves 4,000 Jobs Cut
The publishing company has experienced tough times in the market where profits declined and shares dropped. The plan is expected to deliver more earnings growth in the long run with the simplification and reducing of costs. The company's chief also attributed their difficult times to challenging markets and unpredictable changes.
Apple releases iOS 9.2.1 that fixes a bug after three years it was discovered
Apple just released iOS 9.2.1 that fixes an iOS bug allowing malicious agents to impersonate end users' identities by granting the read and write access to website cookies.
GM’s new launch, Maven, to pioneer car-sharing facilities with a $6 per-hour rate
GM's Maven is set to revolutionize the car-sharing and ride-sharing services with an hourly rate of $6. This has been quite an aggressive move from the conventional car-maker. However, the company is pretty confident that car-sharing section is now ready for a highly personalized, easy-to-use mobility service, which it plans to provide through its fleet of Chevrolet Spark and Tahoe.
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The jobless rate in the UK was recorded at 5.1 percent for the quarter ending November 2015. This showed the lowest jobless rate since October 2005. However, wage growth is slowing down in the UK industry. The employment rate was at high of 74 percent since 1971, according to the latest data released by Office for National Statistics.
Boeing will report a $569 million after-tax accounting loss in its fourth quarter. The company will also reduce production of its 747 airplane starting September this year..
Uber generated more revenue in 2015 than in the previous year. However, the company experience more losses in order to pursue growth.
As winter storm is heading toward East Coast this Friday, flight disruption is expected. Airlines are offering refund and waiver to customers whose flight schedule is affected by the snow storm.
A group of students in University of Oslo set a Guinness World Record by lifting a 134.5 pounds (61 kg) payloads with drone. The drone is a multi copter drone made of eight drones chained together.
E.F. Greenberg, representing other investors, sued Viacom, CBS, and some of their executives for prioritizing the interest of its 92-year-old executive chairman, Sumner Redstone, more than its shareholders.
Microsoft Corp. CEO Satya Nadella announced that the company launched an initiative that would help university and nonprofits researchers for the next three years, by donating $1 billion worth of Microsoft Cloud Services.
The multi-million dollar car collection owned by comedian Jerry Seinfeld will be up for auctions at the Amelia Island Auction in Florida on March 11.
Facebook CEO Mark Zuckerberg, has continued his efforts to spread internet even in the poor countries through Free Basics or internet.org. Even in paternity leave, he responds to the criticisms placing arguments. But now, he is facing criticism even from his own house. An unidentified Facebook employee has appeared to criticize his moves and Facebook spokesperson hasn’t commented on such in-house resistance.
