What's distracting China: Economy or market sell-off?
The difference in downfall among Chinese and other global markets indicates that the dragon country is suffering more from economy point of view. The real problem for China is not market sell-off, but its domestic economy challenges.
Sep 01, 2015 11:44 PM EDT
Gear up for China growth slowdown, IMF tells emerging nations
International Monetary Fund's (IMF) Managing Director Christine Lagarde said the world should brace up for China's economy slowdown. IMF further said that gwoth will be moderate and below its previous forecast made two months ago.
More accounting errors delay Toshiba's annual forecast
Several discovered new errors inhibit Toshiba from closing its books and announcing its annual revenue. CEO accepts accountability and will resign voluntarily if dealine is not met.
Despite poor stock market performance, good things are on the horizon for Twitter, said analyst
Despite its low performance in the stock market, analysts is optimistic that Twitter is headed somewhere good due to a few important factors.
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August is over - Worst Month for Dow but decline may continue until September
August was not a good month for the stock market as it experienced declines. Stock Market drops may continue in September.
Sep 01, 2015 10:43 PM EDT
China-based Internet entrepreneurs back Tesla rival NextEV
Wealthy Internet entrepreneurs and investors invested in a China-based electric car manufacturer NextEV. The investors hired ex-Ford Motor Co executive Martin Leach to create a global automaker.
Sep 01, 2015 10:17 PM EDT
Global central bankers ready for US rate hike - Reuters
Central banks around the world want a Fed rate hike, sooner rather than later, according to Reuters. But, considering developments in the domestic and international fronts, Fed officials say it's too early to tell whether they would raise interest rates this month.
Sep 01, 2015 9:56 PM EDT
Walmart reduces working hours at some stores after raising pay, thus raising cost
Walmart cuts working hours on 4,600 stores. Reports said this is due to Walmart's $1B lost when the retail company increases its workers' wages last April.
Sep 01, 2015 5:18 AM EDT
Oil price up 27% in just 3 sessions; OPEC agrees on a fair price deal
Oil price recovered as two sets of news made it positive for the energy sector. Opec says it'll try to get a fair price deal by speaking to other oil producers. The cut down in US Eenrgy production forecast also boosted the market sentiment. Oil price rose 27% in just last three sessions.
Sep 01, 2015 4:47 AM EDT
Nordstrom, TJMaxx earnings report upbeat; Kohl's is down
TJX Companies, Ross Stores, and Burlington experience an upbeat second-quarter income report, so did Nordstrom. But Kohl’s seems to be slumping with its second-quarter report.
Sep 01, 2015 4:42 AM EDT
Alibaba Pictures lost $24M in first semester amid twists and turns
Alibaba Pictures Group, the film-making unit of the Chinese e-commerce giant, announced Friday that it lost 151.8 million Yuan ($24 million) in the first half of 2015.
Sep 01, 2015 4:38 AM EDT
The US stocks turn attractive on lower PE ratios
After the market downfall, many US stocks turn attractive as they're no more over prices equities. The lower PE ratios make it attractive for investors.
Sep 01, 2015 4:28 AM EDT
Minecraft creator expressed existential meltdown on Twitter, feeling unmotivated, isolated
Minecraft creator Markus Persson feels isolated, alone, and unmotivated, after selling the game to Microsoft. He took to Twitter to express his emotions on Saturday in a series of freakout meltdown.
Sep 01, 2015 4:07 AM EDT
Boeing flexes its muscle to control supplier power
Warren Buffett's acquisition of Precision CastParts Corporation had urged other investors to bet on commercial aircrafts. On the other hand, Boeing Company, the aviation giant is evidently delaying transactions of its suppliers' merging and acquisition deal.
Sep 01, 2015 3:33 AM EDT
China's Yuan up on suspected intervention, set for August loss
The strengthening of Chinese currency Yuan on Monday raised many eyebrows. Market analysts believe that Chinese government support was extended to Yuan unofficially. traders observe that buying support from state-owned banks.
Sep 01, 2015 3:26 AM EDT
As long as China economy is under pressure, bearishness for copper likely
Copper price slipped below the key supprt levels of $3/lb and $2.4 and as long as China's economy reels under pressure, the metal is more likely to be under bearish phase. If US dollar becomes weaker then chances are more that copper price will pick up.
Sep 01, 2015 3:21 AM EDT
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