Stronger US dollar is a threat to emerging markets' currencies, and to US economy
The 12% rise in the US dollar could result in another currency crisis in emerging markets as the weakening of local currencies will reduce the debt repayment capacity. The strengthening of dollar is expected to slow down its GDP growth as well.
Jul 29, 2015 10:25 PM EDT
Donald Trump sells New York property for $21 million
Billionaire Donald Trump has sold a penthouse property located in New York City for $21 Million dollars. Executive vice president of development and acquisitions of the Trump Organization and the tycoon's daughter Ivanka Trump confirmed the sale.
Twitter needs more followers as user growth lags despite rosy Q2 earnings
Twitter may be growing, but by analysts' standards, it isn't very impressive. Earnings for the second quarter were higher than expected, sending stock up, then down on weak user growth. To increase numbers, Twitter is looking at improving user experience.
Will $500-billion buying support restore normalcy in Chinese market?
The market capitalization melts by $3-trn as equities crash 30% in less than a month; State-owned banks step in with buying support; technical charts indicate further fall; economy slowdown a major concern; Asian stocks recover before Fed meeting; global investors shrug off turmoil in Chinese market
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London's Deliveroo sealed $70M funds to develop its food delivery service in Europe, Middle East and Asia
Deliveroo gained $70M funds from Index Ventures and Greenoaks Capital. The fund intends to develop its food delivery service in Middle East, Europe and Asia.
Jul 29, 2015 1:50 AM EDT
Disney may sell ESPN as a standalone service
Disney is considering selling ESPN directly to customers. Though it might be too expensive, ESPN is envisioned to become a business on its own.
Jul 28, 2015 10:22 PM EDT
David Taylor is Procter & Gamble's new CEO
Company veteran David Taylor will be appointed CEO of the world's largest manufacturer of household goods. Outgoing CEO AG Lafley to remain as Chairman during the leadership transition period.
Jul 28, 2015 9:39 PM EDT
Fiat Chrysler slapped with $105 Million fine for safety issues
Italian-American car manufacturer Fiat Chrysler gets fined $105 million by the US National Highway Traffic Safety Board.
Jul 27, 2015 10:23 PM EDT
Running out of steam: Energy sector is underperformer among all 10 sectors in S&P 500
Market looks to Exxon Mobil, Chevron Crop results this week; Weightage in the index composition eases
Jul 27, 2015 10:11 AM EDT
Major oil companies layoff more employees due to U.S. crude oil price drop
It had been difficult for market commodities this week as U.S. crude oil price dropped down. Major oil companies are addressing this glitch by cutting off jobs extended to engineers and scientists this time.
Jul 27, 2015 9:56 AM EDT
Mutual funds and ETFs are dancing to the tune of Apple's stock
Apple stock's latest drop after results is pulling funds, ETFs lower; Apple with its largest market capitalization is significantly influencing funds, indices
Jul 27, 2015 9:47 AM EDT
All eyes on talks over bailout plan for Greece
Amidst threats from partymates, Greece's prime minister Alexis Tsipiras will hold negotiations with creditors on Tuesday over a third bailout plan.
Jul 27, 2015 9:32 AM EDT
Gold price meltdown continues; poised for further drop
Yellow metal dips below $1,100/oz; Dumping by China further pushing it down while research firms forecast price fall to continue.
Jul 27, 2015 9:14 AM EDT
Flipboard raises new $50M fund for expansion - reports
Flipboard has reportedly confirmed receiving $50 million in new funding. The company is going to use the money on developing the product and the team, according to reports.
Jul 27, 2015 2:43 AM EDT
AT&T meets earnings estimates, clocks $33B revenues in Q2
With 2.1 milliion new wireless subscribers, AT&T's focus on high quality and high speed wireless service is paying off as it recorded 1.4% growth in revenues in the second quarter. Regulatory approval on its $48.5milllion acquisition of DirecTV is expected soon
Jul 24, 2015 5:24 AM EDT
Amazon reports strong Q2 gains, overtakes Wal-Mart in market value
Amazon overtakes Wal-Mart in market value after shares surge on big gains in the second quarter. The online retailing giant expects to further exceed expectations in the third quarter.
Jul 24, 2015 5:12 AM EDT
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