United States

BEA: Residential and commerical real estate investments are in the uptrend, albeit very low

The Bureau of Economic Analysis (BEA) released its second quarter advance GDP report, fund inflows into office space segment (commercial construction) is on recovery path, but still showing pressure as it hovering about 33% lower than the recent peak level in terms of GDP percentage.


From radio to TV, Spotify's content chief Ken Parks joins Pluto TV

Internet television startup service Pluto TV has announced that Ken Parks, former content chief of the streaming music service Spotify, is joining the company as executive chairman in October of this year.

Original Content is King to Netflix's 'World Domination' Strategy

On-demand streaming media giant Netflix has a very simple long-term plan: world domination. If the California company has its way, it will happen by the end of 2016, and it will come by way of original content.

Adidas Group acquires Runtastic fitness apps for $240 million

Adidas bought Runtastic, a fitness tracking app for €220 million (equivalent to $240M) from Axel Springer, the company's strategic partner in Germany.


Latest News

If you're planning to purchase a home or simply need to get a loan, then J.P. Morgan is the answer. J.P. Morgan Chase & Co. which is the nation's largest bank by assets, has become less strict with its criteria when it comes to large mortgages, as numbers of lenders build up to get a bigger portion of the high-end housing market.
Sachin Kamdar, the founder and CEO of Parse.ly, a technology company that analyzes web data to help digital publishers optimize their contents discussed how the company reached the 150% yearly growth.
Citibank admitted on Monday that it is under investigation by the Consumer Financial Protection Bureau (CFPB) over its student loan services.
The U.S. coal industry is hit by another major blow as Alpha Natural Resources Inc. will file for Chapter 11 bankruptcy court protection on Monday.
Real estate homes in Baltimore, Maryland plunges to nearly 7 percent in June, considered the lowest level during the seven-month period where the adjusted annual rate is around 482,000.
The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney's largest daily drop in almost seven years.
Facebook patented a social network system that could advance search results, identify spam messages and sort offensive topics. It could also distinguish if a potential borrower is capable of paying debts through the user's network connections.
Retirees typically are concerned with their income and safety when old age comes. And while there are plenty of retirement investments to choose from, choosing one can be confusing and not to mention daunting. Finance experts consider market investments a better choice for a safer retirement than insurance products.
Daniel Lubetzky, Presidential Ambassador for Global Entrepreneurship and KIND CEO is investing $3M on three startups; EatPops, 479 Degrees, and GimMe Health Foods.
The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.
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