Goldman Sachs' distress trading desk lost $60 million
Goldman Sachs distressed-debt team lost about $50 million to $60 million, which means even this big bank, is not safe from the recent stock market chaos.
Aug 28, 2015 2:05 AM EDT
$1.2B PureFunds (HACK) is managed by a 30-year-old man
PureFunds ISE Cyber Security (HACK), the first and largest cyber security ETF is owned and managed by a 30-year-old man all by himself. He is Andrew Chanin.
Reviving the Ranger will get Ford back to action
For several years Ford Ranger became invisible in the autoworld but now it's coming back with new look and new features.
The Sure Way to Invest in Social Media Marketing
The use of various social media marketing by different business, small or large and even by an individual is a big help to boost engagement with different types of audiences. It draws customers and generates higher sales.
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Starkist class action settlement gives consumers refund in cash or tuna
Starkist Tuna settled a lawsuit accusing them of under-filling their five-ounce tuna cans by a few tenths of an ounce. Now they must pay consumers with cash or tuna.
Aug 27, 2015 2:29 AM EDT
Consumer Confidence Gains in August
The US consumer confidence has gained a boost in points indicating that the economy is getting stronger. There is a noticeable strong market, there has been a decline in the gasoline price and improved housing market.
Aug 27, 2015 2:25 AM EDT
U.S. stock market gains evaporate on another wild trading day
Hopes for a recovery following a massive selloff in the US stock market were dashed Tuesday. All three major indexes were trading higher during early session after China announced cuts in interest rates. But as trading drew to a close, stocks tumbled, giving up gains.
Aug 27, 2015 2:25 AM EDT
China infuses GBP 14B emergency funds into banking system to bridge gap of cash supply position
Chinese government in its latest move has infused GBP14 billion emergency funds into the domestic financial system to address the liquidity crunch. The slowdown in economy growth and continuous fall in stock markets have weakened the financial system in the world's second largest economy.
Aug 27, 2015 2:22 AM EDT
Panic selling causes log in issues in investing websites
Due to the stock market mayhem Monday, trading websites encountered issues of latency, resulting to its customers not being able to log in to their accounts.
Aug 26, 2015 10:29 PM EDT
Lloyds and Royal Bank of Scotland takes beating during plunge in stock market; Government seeks privatization
Lloyds and the Royal Bank of Scotland lost almost £3 billion from their value amid the onslaught of the stock market tumult continues to wreak havoc on some of Britain’s banks.
Aug 26, 2015 10:14 PM EDT
Asian growth plans at risk due to China meltdown
The latest devaluation of Chinese currency Yuan has triggered severe volatility in the foreign exchange (forex) markets. This has led many Asian nations into a dilema and forcing them to not take any major decision on growth plans.
Aug 26, 2015 10:05 AM EDT
Apple stock rebounds after Tim Cook's e-mail on China sales
Apple CEO Tim Cook issued a rare statement Monday allaying concerns over its business in China amid a slowdown in the world's second biggest economy. Investors responded positively, sending Apple's shares up sharply after a 13% decline.
Aug 26, 2015 5:05 AM EDT
Uber to invest $1B in India after investing another billion in China
Uber is allocating $1 billion for India to expand its operations in that country and get 1 million rides every day within the next six to nine months.
Aug 26, 2015 3:46 AM EDT
Ex-US Treasury Secretary urges Federal Reserve to not make the 'Serious Error' of Raising Interest Rates
Ex-U.S. Treasury Secretary Larry Summers warns that the fierce sell-off on the global markets might lead to a very serious situation, and that the Federal Reserve’s plan to raise interest rates is a big mistake.
Aug 26, 2015 3:44 AM EDT
Wall Street Experienced a Staggering 1,200 Unprecedented Emergency Freezes
The dramatic selling on Wall Street Monday triggered 1,200 unprecedented emergency halts on the stocks and exchange-traded funds.
Aug 26, 2015 3:39 AM EDT
A Survivor's Guide to the Market Crash: Don't panic
Analysts advise investors not to worry about ongoing market crash as it's only a correction after recording continuous growth of over 200 percent since economic crisis in 2009. The stock markets fell about 10 percent in the latest market downfall.
Aug 26, 2015 1:40 AM EDT
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