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Analytics platform ChartMogul raises $900k; to release new APIs

Berlin-based analytics platform ChartMogul has completed a fresh seed round of $900k taking the total raised amount to $1.5million. The will use the funds for product development and enhancement.

Aug 26, 2015 9:57 AM EDT


Liquidity vacuum: GE suffers most since 1987 Black Monday

Global manufacturing giant GE's stock plummeted on Monday and Tuesday on Wall Street in the absence of any major news affecting the company's performance. The plunge of over 20% eroded the stock value by $53billion. Chinese factor after the central bank slashed interest rate, again created fresh bout of fears that dampened that market sentiment and reversing the rebound on Tuesday.

Aug 26, 2015 9:56 AM EDT


Yes, What happens in China matters in your retirement plans

China's currency devalution, slowdown in growth, global exposure would make that what happens in the world's second largest economy will matter a lot in one's retirement plans as well. China's impact on global funds is significant and many emerging economies would also forced to devalue their currencies. This will affect one's retirement plans also.

Aug 26, 2015 9:56 AM EDT


FAA recorded almost 700 drones and aircraft near collisions

Drone flying has been a major problem for FAA because these unmanned aerial vehicles have no pemission to scour restricted areas and should not lift off more than 400 feet or within five miles of any airport.

Aug 26, 2015 5:06 AM EDT


Apple stock rebounds after Tim Cook's e-mail on China sales

Apple CEO Tim Cook issued a rare statement Monday allaying concerns over its business in China amid a slowdown in the world's second biggest economy. Investors responded positively, sending Apple's shares up sharply after a 13% decline.

Aug 26, 2015 5:05 AM EDT


Uber to invest $1B in India after investing another billion in China

Uber is allocating $1 billion for India to expand its operations in that country and get 1 million rides every day within the next six to nine months.

Aug 26, 2015 3:46 AM EDT


Ex-US Treasury Secretary urges Federal Reserve to not make the 'Serious Error' of Raising Interest Rates

Ex-U.S. Treasury Secretary Larry Summers warns that the fierce sell-off on the global markets might lead to a very serious situation, and that the Federal Reserve’s plan to raise interest rates is a big mistake.

Aug 26, 2015 3:44 AM EDT


Intel Seeks to Improve Cloud Services from OpenStack with $100M Investment in Mirantis

Intel invests $100 million to Mirantis hoping to improve OpenStack, an open source cloud-based operating system.

Aug 26, 2015 3:42 AM EDT


Cavendish Kinetics to raise 36M for smartphone reception improvement with its new generation RF MEMS

Cavendish Kinetics raised $36 million to further develop smartphone reception technology. San Jose company Cavendish Kinetics successfully raised $36 million to develop their radio frequency micro-electro-mechanical system (RF MEMS), which could significantly improve smartphone reception.

Aug 26, 2015 3:41 AM EDT


Wall Street Experienced a Staggering 1,200 Unprecedented Emergency Freezes

The dramatic selling on Wall Street Monday triggered 1,200 unprecedented emergency halts on the stocks and exchange-traded funds.

Aug 26, 2015 3:39 AM EDT


A Survivor's Guide to the Market Crash: Don't panic

Analysts advise investors not to worry about ongoing market crash as it's only a correction after recording continuous growth of over 200 percent since economic crisis in 2009. The stock markets fell about 10 percent in the latest market downfall.

Aug 26, 2015 1:40 AM EDT


Ashley Madison hacking update: Victims experience hate crimes, extortion, and suicide

Hacks against Ashley Madison have rippled to various crimes directed towards the victims who were the users. The crimes ranged from extortion attempts to something as serious as suicides.

Aug 25, 2015 11:43 PM EDT