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?"
United States
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.
China shares recover early losses, other Asian markets up
Chinese stocks recovered from sharp losses after a roller-coaster ride Wednesday. The benchmark Shanghai Composite Index had dropped 4%, before settling at 3,160.17, 0.2% down from the previous close.
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.
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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.
Teen fashion retailer Forever 21 Inc is not seeing enough growth and is turning to Wells Fargo & Co. and TPG for a $150-million-loan aide. For over a dozen years, this fast-growing retail store has won the hearts of young shoppers and wiped out rivals with its trendy fashion and affordable prices, with $7.90 jeans and $8.90 cardigans. But lately, there are reports that the company is struggling to fill productivity.
Two giant public pension funds joined forces to oppose corporate bylaw changes at the Bank of America Corp that would make Brian Moynihan both chief executive and chairman.
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.
One of Ireland's richest persons, John P. McManus, seeks $5.2 million from the U.S. government after it was wrongfully withheld from his $17.4 million gambling winnings to cover taxes.
Giant U.S. discount department store KMART Corp. paid $1.4 million for violating the False Claims Act by illegally using promotional materials to convince Medicare beneficiaries to fill prescriptions at its pharmacies, said the U.S. Justice Department Tuesday.
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.
