There are a growing number of automated advisory platforms, which allows investors to purchase investment products without human interaction. But is the world ready for the rise of "robo advisers?"
Sectors
US construction spending at 7-year high
The US construction sector recorded an encouraging spending of $1.08 trillion, a 0.7 percent monthly growth, indicating a seven-year high. The July data from the US Commerce Department has not only boosted the market sentiment but also gave an indication of robust economic activity in the third quarter.
Samsung and Springer: New partners in mobile media
A new joint venture had been announced Tuesday between Bild tabloid publisher Axel Springer and Korean electronics group Samsung, for mobile media including news.
Fiat Chrysler to transfer Jeep Cherokee production out of Ohio
Fiat Chrysler Automobiles NV will move its Jeep Cherokee production out of its current Toledo, Ohio, while the production for Jeep Wrangler will remain in the state.
Russia cracks down on foreign internet firms
Russia has come up with a new law that empowers the government to not only block websites but also orders them to share data of Russian citizens.
Latest News
Intel mentioned that the chips will be compatible for most devices including tablets and gaming PCs. According to the company, the new processor is by far their fastest. Skylake is so fast, it can start up a Windows 10 PC four times faster than regular.
Greece is set for elections on 20 September this year. Judge Vassiliki Thanou is the care taker Prime Minister till the new government is formed. Thanou was sworn in on last Friday and became the first female Prime Minister for Greece.
Apple Inc is reportedly moving into the original programming business to compete with Netflix and other video streaming companies.
Despite its compact Civic sedan, which has compressed natural gas (CNG)-fueled powertrain, being discontinued earlier in 2015, Honda has just opened its first CNG refuelling station at its campus in Marysville, Ohio.
Hydrogen fuel cell maker claims it can make an iPhone 6 battery life last for a week. Intelligent Energy which is a British hydrogen fuel cell maker and a green energy company said it's not theoretical, far-off dream and claimed to have built a battery that definitely fits an iPhone6 and requires no charging of up to seven days.
Slumping oil prices take its toll on the Canadian economy. Canada is now officially in a recession for the first time in six years, as crude prices plummet due to supply glut and falling global demand, particularly from China.
Valeant Pharmaceuticals, Inc. of Canada has partnered with AstraZeneca for the selling rights of psoriasis drug brodalumab. Amgen Inc. ended its partnership with AstraZeneca due to its worries over the drug's side effects.
After launching Android Wear back in March 2014 and seeing how Apple watch sales performed after their release, Google had decided to release an app that will allow their smartwatch that is already in the market to perform a twist. Android Wear will be iOS compatible.
A study conducted by Interpol and the United Nations said that only 33% of Europe's electronic wastes is correctly recycled. A large number of these electronic wastes include computers, cellphones and televisions that are dumped or traded illegally.
