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.
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.
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.
Latest News
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
Fiat Chrysler to transfer Jeep Cherokee production out of Ohio
Fiat Chrysler Automobiles will move the production of its Cherokee out of its current Toledo, Ohio to prepare for the production of the new redesigned pickup Wrangler.
Sep 03, 2015 12:06 AM EDT
Eric Rosengren hints at gradual rise in rates
Boston Fed President Eric Rosengren opines that low inflation rate would help government keep interest rates at lower level. He also hinted that US Fed might go for interest rate hike in a gradual manner and it might happen now or after few months.
Sep 03, 2015 12:02 AM EDT
US construction spending at 7-year high
The latest data from the US Commerce Department reveals that construction spending grew 0.7 percent to $1.08 trillion showing seven-year high. the construction spending has been growing for the past eight months continuously.
Sep 02, 2015 11:54 PM EDT
Defective Takata airbags count lower than estimate
Original count of defective airbag inflators higher than NHTSA count due to double counting. This number covers 11 different car manufacturers and is much lower than the original estimate of 34 million. Around 4 million airbags need repair and 19 million vehicles are involved in the recall.
Sep 02, 2015 5:28 AM EDT
McDonalds McMuffins will be available all day long starting October 6
McDonald's gave in to 120,000 customer requests to serve breakfast items all day. For a few months, McDonald's has been hearing customers saying how much they wanted to have an Egg McMuffin not only for breakfast but any time of the day.
Sep 02, 2015 3:42 AM EDT