Gold prices hit 5-year low
Gold prices drops in an all time low in five years. This could be attributed to the sudden selling of gold overnight in Shanghai and New York. Investors are backing away from gold after rumors of higher US interest rates.
Jul 20, 2015 11:13 PM EDT
Greek banks reopen after three-week closure
Greek banks opened their doors for the first time in three weeks. Depositors can withdraw money, but restrictions remain.
Furniture e-retailer Made.com aims to rival Ikea, raises $60M for European expansion
Made.com promises to give Ikea a run for its money. The e-retailer says it will expand its European markets, including Germany, using $60M in newly-raised funds.
Toshiba accounting scandal to cost the company up to $3B
Toshiba faces the biggest accounting scandal in Japan today. The conglomerate expects to book losses worth 300 billion to 400 billion yen or about 2-3 billion dollars.
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China GDP grows by 7% beating Reuters 6.9% forecast
China’s gross domestic product grew by 7% this year, beating Reuters’ prediction of 6.9%. This also prompts questions in the accuracy of the reports.
Jul 16, 2015 10:34 AM EDT
Greece Votes "Yes" on Reforms to Possibly Receive Bailout
Greece’s parliament voted yes to the austerity measures in order for them to receive fresh bailout and the “Grexit” from the euro. Prime Minister Alexis Tsiparas’ Syriza party deflected from his leadership with the majority voting yes.
Jul 16, 2015 4:56 AM EDT
Twilio sends letter offering to repurchase stocks to early shareholders, signalling possibility to go public
Startup Tech Company Twilio, which lets developers integrate their communications services into mobile and web through their API, sent out letters offering to repurchase stocks, which can be considered a big step that suggests it may finally go public.
Jul 16, 2015 4:44 AM EDT
Study reveals the U.S. Pension System is short by $1 Trillion
Some US states could potentially suffer Greece's fate due to pension liabilities. Is it too late for an action?
Jul 16, 2015 2:15 AM EDT
Gas up with a tap: Apple Pay will soon be accepted at 3,000 Chevron Gas Pumps
Chevron oil company recently announced it will be accepting Apple Pay on 3,000 Chevron gas pumps spread across the whole country.
Jul 15, 2015 11:01 PM EDT
European markets went up for the 3rd Greek bailout, eurozone loses its luster
European markets rejoice in the news of a Greek remedy courtesy of the 19 European leaders. Eurozone have managed to ease the turmoil but its reputation may have suffered with long-term effects.
Jul 15, 2015 10:26 PM EDT
A new Coalition of the Willing fights another war: unemployment
U.S based companies launch 100,000 Opportunities Initiative to create employment for 5.6 million American youth. Executives of 16 American companies have joined forces to achieve the target by 2018.
Jul 15, 2015 9:03 AM EDT
Wal-Mart takes on Amazon Prime Day, with more than 2,000 exclusive rollback online
Wal-Mart goes head on against Amazon’s “Prime Day” with its own “rollback” or discount promos that will last for 90 days.
Jul 15, 2015 2:43 AM EDT
Russia offers energy pipelines to Greece - a very expensive lifeline, skeptics say
Expert views on Russia's offers to Greece warns for its long-term effect to the ailing country. Greece will have to work hard or suffer the effects of desperate actions.
Jul 15, 2015 12:09 AM EDT
J. Crew Group Inc. Will Open Low-Priced Chain J. Crew Mercantile
J. Crew Group Inc. will open its first low-priced chain at the Shops at the Parklane, Dallas. This is due to the company's lost in a few months prior to company's fashion misses.
Jul 13, 2015 11:55 AM EDT
Greece submits new proposals but creditors remain skeptic
Greece submitted new proposals that promise an overhaul to create additional revenue. The new proposal set could be ideal and more aligned to the creditors' earlier demands yet uncertainty remains.
Jul 12, 2015 2:45 AM EDT
NYSE Stopped trading, United Airlines grounded flights worldwide, WSJ website inaccessible - all in one day
The simultaneous events that halted operations in NYSE, United Airlines and Wall Street Journal caused concerns among the public. Homeland Security alerted the president but says there's no cyber attack links.
Jul 10, 2015 3:52 AM EDT
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