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.
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.
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.
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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
Jet rivals Amazon with $225M equity funding, the largest ever among U.S. e-commerce sites
The newly launched e-commerce site, Jet, is competing Amazon, the largest e-commerce site in the U.S., acquiring $225M funding it raised just this month. Jet is currently worth $600M.
Sep 01, 2015 2:29 AM EDT
Japan inflation weakens consumer purchasing power in July
Consumers spent less on primary commodities due to inflation rate. With unemployment that is still present Japanese thinking twice how to spend their money wisely.
Aug 31, 2015 10:03 AM EDT
First NBC and State Investors to extend merger agreement to December
First NBC and State Investors extend their merger agreement to December 31 2015. The merger was unanimously approved by both the companies' boards of directors. The shareholders of State Investors approved the merger through a requisite vote.
Aug 31, 2015 10:02 AM EDT
Finland's Nokia agrees on China joint venture with Huaxin
Finland Nokia agreed tohave a joint venture with China Huaxin and will be called Nokia Shanghai Bell to reinforce the companies' presence in China.
Aug 31, 2015 4:58 AM EDT
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