Smart watch war: Huawei versus Apple Watch
Apple has been dominating most of the market share in the digital world. Now Huawei is making its grand entrance via its new Huawei Watch - Apple's new tough rival.
Sep 03, 2015 11:36 PM EDT
Citigroup says it's time to rebuild its equities unit
Citi group is planning to rebuild its equities unit even during current economic crisis as they believe that the investment is more lucrative compared to fixed income investment.
August sell-off leaves William Ackman's hedge fund with flat gain in 2014 so far
The massive sell-off across global markets took a toll on hedge funds' performance including William Ackman. His Pershing Square LP suffered 7.7 percent loss in August taking the overall year growth to 0.06 percent. With a huge gain of 40 percent in 2014, Ackman was the one of the best performers in the hedge funds until August.
US economy is growing amidst looming global financial crisis
The current global economic slowdown did have an impact on US economy, but a report suggests that US economy is still growing.
Latest News
50% drop in Viacom stock wipes out $16B
Viacom's stock price dropped by over 50% during the past one year. The ratings drop, fall in advertising revenues, forthcoming talks with Dish Network are the major factors that impacted the share price in negative way.
Sep 03, 2015 11:15 PM EDT
Wild swings in China stocks this week
China and Asian market drop again today on U.S drop last night and weak manufacturing data released by Chiese government.
Sep 03, 2015 11:14 PM EDT
Japan inflation falls to zero for third time
Shinzo's Abe government had failed again for the third year in an effort to increase inflation to help takes Japan out of the recession problem.
Sep 03, 2015 11:06 PM EDT
US home lending grows for 5 quarters in a row
Lenders are coming forward to offer loans in the construction sector on low down payment or without down payment also. the latest data shows that construction spending is on the rise. Home lending continued to grow for five quarters in a row.
Sep 03, 2015 10:39 PM EDT
Three crisp sentences that best summarize the current market condition
Jim Reid of Deutsche Bank summarizes the state of the markets in three sentences. Global markets these days have become more and more unpredictable with the US and Chinese stocks' consistent historical upswings and plunges in the past few months.
Sep 03, 2015 9:31 AM EDT
Starting salaries for US workers to surge in 2016 - studies
Robert Half and Towers Watson agree that 2016 could be a good year for employees who are hoping to get a salary increase. But both studies reveal different salary increase rates.
Sep 03, 2015 9:28 AM EDT
Spain’s reform efforts praised, but many Spanish disagree
Spain might be receiving lots of praises that the country's economy is doing great but to many Spanish that us disagreeable.
Sep 03, 2015 9:24 AM EDT
Samsung and Springer: New partners in mobile media
Samsung and Springer are in for a joint venture in the world of digital media to provide and keep customers up-to-date with the latest news and trends. Customers can take advantage of the app called Upday and is readable in Polish and German, and can be downloaded via Google store.
Sep 03, 2015 12:28 AM EDT
China shares recover early losses, other Asian markets up
Chinese shares regained early losses Wednesday amid reports Beijing had been buying shares to support the market. Other markets in Asia were up despite disappointing economic data.
Sep 03, 2015 12:26 AM EDT
Newscred to go beyond content marketing with new $42M fund
Newscred shares plans to develop software for content marketing with its newly raised funds from previous investors.
Sep 03, 2015 12:19 AM EDT
BNY Mellon worked overtime to fix pricing glitch, now back to normal
BNY Mellon’s CEO said they will fix the computer glitch that affected the pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday. Fortunately, it is back to normal now.
Sep 03, 2015 12:14 AM EDT
Led by US, foreign investors hold 54% of UK stock market
The US investors hold majority share of 46% in the toal foreing ownership of 54% in the UK stock market in 2014, according to a latest data from Office for National Statistics (ONS). Pension funds' share in foreign ownership drastically fell to 3 percent.
Sep 03, 2015 12:09 AM EDT