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Nike could be J. Crew's toughest rival

J. Crew has been known for its conventionally preppy clothes and its basics. The company lately has been criticized for not offering solid classic attire and is wandering from its core customers.


Amazon Restaurants food delivery service hires staff in Seattle and New York

Amazon is venturing on meal delivery partnering with restaurants near Seattle, and is currently hiring jobs for the Seattle headquarter and in New York. Amazon Inc. is currently hiring staff for its newest division; the Amazon Restaurants. The department is opening 15 job vacancies in Seattle and New York. Six separate postings are from Amazon Restaurant and Travel.

Facebook's WhatsApp reached 900 million monthly active users; aims for 1 billion

Jan Koum, Whatsapp founder announced it on Facebook that the messaging app had reached 900 million users. Behind its first achievement, Facebook is aiming for 1 billion monthly users worldwide.

Bearish divergence: Investors advised not to buy on dips

Going the by technical charts on S&P 500 index movement, the formation of 'Bearish Divergence' is a warning signal for investors not to take any fresh positions. The relative strength index (RSI) is moving downwards when equity prices are trending higher.


Latest News

After the market downfall from the previous weeks, IMF and ECB gave a warning on the effects of China's deceleration. Both European Central Bank and International Monetary Fund admonished the risks of economic growth from China's slowdown and other establishing markets.
The International group of governments and central bank governors from 20 major economies agreed Saturday to hasten slow growth, saying the low interest rates will not be enough to accelerate economic improvement, but they are optimistic that growth will happen.
The leading Irish clothing brand, Primark, tries to break through in the U.S. market this year. On September 10, it will open its first store in Boston, which will followed by seven other locations across the country.
BlackBerry Ltd announced Friday that it acquired Good Technology for $425 million to improve its position in the Apple world. BlackBerry expects to earn $160 million in revenue during the first year after the acquisition, which will close on November. This is according The Daly Mail UK. BlackBerry's shares listed in Toronto saw a 1.1 percent spike at C$7.97 in early during the trade. BlackBerry Chief Executive John Chen promised that their cash flow would remain positive overall. He said he sees a lot of opportunity to drive value for the company's stakeholders.
Gold Distribution and Gold ATM Vending Company, Zen Gold, is under heavy fire from Tony Hetherington. The British Entreprenuer claims that his investment in the gold company turned to dust.
In its effort to increase advertisement revenue, Twitter announces a global expansion for their self-service ads platform. According to Twitter, the service will now cover more than 200 countries from the previous only 33 countries.
Under Armour, Nike's biggest competitor in NBA sponsorship announced that they had signed a new deal with NBA. The deal according to USA Today, will make Under Armour the new NBA's partner for Jr. NBA and NBA Draft Combine. The deal means that future stars created from this program can be spotted early on by Under Armour and will be endorsed by them.
Tumblr, a microblogging website designed by David Karp has redesigned its reblogging feature. The reblog button which is the most use feature on Tumblr that allows the user to repost content from another website to their own will become more mobile friendly according to Fortune.
A reversal of roles takes place at Volkswagen AG, with the selection of its chief financial officer, Hans Dieter Pötsch, as chairman. The appointment dashes the hopes of Pötsch's current boss, Martin Winterkorn, of being chairman himself.
There may be a big drop in unemployment rate, but U.S. still fails to calm markets with the big possibility that the Federal Reserve will increase interest rates. According to Telegraph UK, U.S. unemployment rate dropped to a seven-year-low last month. According to data from the US Labor Department, unemployment rate went down 5.1pc in August, the lowest it has been since April 2008. This is also a level that the Fed considers to indicate "full employment."
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