Sectors
Facebook announced 360-degree video support
Facebook introduces the 360-degree video. It is a new feature which will let you roll videos in any angle. The new feature will be accessible first on the web and Android devices.
US home sales rise in August, Q3 forecasts in tact
Though US business investment marginally eased in August, the new home sales on the upward move during August. The latest data for August indicates that the US economy is not impacted much in line with ongoing global unrest. The US economy is growing as per the forecast for GDP growth rate of 1.4 percent for the third quarter. Barring aircraft and defense equipment, business investment showed a marginal drop of 0.2 percent during the month. The August' drop comes close after gains in July that were considered to be the biggest upward movement in the year boosting business confidence that American corporate sector is not disturbed by the sluggish global economy. New home sales in August rose 5.7 percent to annual growth of 552,000 indicating highest level since 2008. This growth in home sales was higher than the forecasts.
Netflix is now available for Oculus, Hulu coming soon
Oculus just announced another exciting news to its users during the Oculus Connect conference in Hollywood. As users are eagerly waiting for the next Oculus rift to hit the market next year, the team announced that they are working with Netflix and Hulu to bring the network shows on virtual reality. Users can now bid goodbye to the day of holding their laptop as they are lying down on their bed watching "House of Cards" or "Orange is the New Black".
Ace Limited Offers Cyber Security Protection Worth up to $100 million
Swiss multinational insurance company, ACE Limited announced that the company will start offering cyber protection insurance up to $100 million. With the rising numbers of cyber security attacks particularly in the United States, the company is planning to lead the way for cyber insurance. According to PricewaterhouseCooper, the cyber insurance sector will increase to $7.5 billion by 2020.