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Markets

Global sluggishness erodes $9B in Norway's pension fund

Several factors including sluggishness in the US, EU markets, poor returns on bonds, oil price drop, Greece economy crisis impacted the world's largest soverign fund, Norway's Pension Fund, in a negative way.

Aug 21, 2015 2:00 AM EDT

News

Hyundai, Kia changes China executives after sales slump

Hyundai-Kia Motors change corporate structures in the hopes of improving market performance in China. The company plans to improve its selling strategies to cope with the ever-changing needs of the Chinese market with the help of new executives.

News

H&M Sales Rise by 16%

H&M increases sales in July by 16%, up 4% from analysts' predictions. It is already their tenth consecutive month of enjoying sales rise of at least 10 percent. H&M in its press release said that it will release its updated third quarter report on September 15 of this year.

World

European bailout fund grants release of aid to Greece

European bailout fund supervisors have approved the release of the first tranche of financial aid to economically-troubled Greece. This comes after the German parliament and other assemblies in Europe adopted the €86 billion bailout package for Greece.

IMF dashes hopes of China; Yuan still out of fund's currency basket

The IMF board has decided to keep the current basket of currencies as it is and China will have to wait for one more year to make its currency a part of the fund.

Aug 21, 2015 12:39 AM EDT

Lowe's Companies reports Q2 $1.13B fiscal earnings but failed to meet Wall Street's expectation

Lowe’s Companies Inc reports a $1.13 billion for the second quarter of 2015. This is an eight percent increase from last year’s $1.04 billion. This means its net income is $1.20 per share, which is lower than Wall Street’s expectation of $1.23.

Aug 20, 2015 3:50 AM EDT

Hormel Foods Q3 profit rises amidst lesser sales

It's a great comeback for Hormel Foods to get in the business with higher revenue for the third quarter in spite of the avian flu epidemic that hardly hit its Jennie-O Turkey production. Thanks to the acquired Skippy Peanut butter and Wholly Guacamole together with the refrigerated foods that boost the revenue for the titan company.

Aug 20, 2015 3:45 AM EDT

PayPal acquires mobile commerce company Modest in an effort to provide better shopping experience for customers

PayPal acquired mobile commerce company Modest to provide a better buying experience for customers and enhance “contextual commerce.”

Aug 20, 2015 3:43 AM EDT

Target raises annual profit outlook with more traffic and customers spending

Discount store Target raises annual profit outlook with more people going to their chains and shoppers spending more in each trip. The significant increase they are experiencing is brought by its new CEO Brian Cornell.

Aug 20, 2015 3:30 AM EDT

Shanghai Stock Index Reverses its Loss while US, European, and other Asian Markets were Down

China’s main stock index was higher Wednesday after experiencing a significant drop early during the trading session. Other stock markets in Asia were mslty lower due to the unstable Chinese economy.

Aug 20, 2015 2:59 AM EDT

Sephora's 'Epic Rewards" became 'Epic Returns'

Sephora's 'Epic Rewards' had harbored more customers and generated more sales. The rewards promotion is also the reason why customers are returning their products saying that the said promotion turns out to be a massive disappointment.

Aug 20, 2015 2:44 AM EDT

Volatile Chinese markets drive nervous investors to offload

The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.

Aug 20, 2015 2:41 AM EDT

Diversify your investment portfolio with these ETFs

When looking to invest on ETFs, you only need to keep one thing in mind: cost. ETF is a marketed security that keeps tabs on indexes, baskets of assets of index funds, bonds, and commodities.

Aug 20, 2015 2:39 AM EDT

US energy stocks slip as oil price drop continues to 6-year low

The oil price drop to 6-year low and rise in crude inventories are taking a toll on energy companies. This put more pressure on trading in energy stocks on Wall Street. The market forecast of interest rate hike by Fed also further dampened the sentiment.

Aug 20, 2015 2:31 AM EDT

Sports Drinks in the US are on a tight race to the finish line

The battle for the best sports drink in terms of market share has just begun. Contenders like Gatorade, Powerade and the latest which is BodyArmor endorsed by NBA Star Kobe Bryant secured their place firmly. However, with people aware of the preservatives and high-sugar content of some of the popular soft drinks, it seems that in the long run, BodyArmor will be declared the winner for having a bigger market the coming months because of not using artificial colors and high-sugar content sweeteners.

Aug 19, 2015 11:51 PM EDT

Venezuela's currency against US dollar tumbles 737%

Venezuela's currency, the Bolivar, against the US dollar is falling by the day. The bolivar fell over 700% in just 12 months indicating the worst economy conditions, increasing inflation rate, drop in oil export revenues. The country is heading towards default on its debt repayment.

Aug 19, 2015 11:45 PM EDT