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Offshore Yuan drops as China steps back from market intervention

Sep 16, 2015 09:05 AM EDT
After gaining for a while on government's intervention, offshore Yuan fell for three sessions in a row. The Chinese government seems to be moving back from supporting the weakening currency Yuan and restricting capital outflow.

Mobile apps are more utilized than TV

Sep 16, 2015 09:02 AM EDT
Mobile apps give a lot of benefits in more ways than one. You will never miss out on your favorite show or favorite basketball or football game because you can now watch it just by using your phone.

Google, Twitter teaming up to create new publishing tool

Sep 16, 2015 06:24 AM EDT
Google is reportedly teaming up with Twitter to provide users with instant access to articles, reviving speculations the search giant may be acquiring the micro-blogging site.

Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices

Sep 14, 2015 09:04 AM EDT
Warren Buffett lets go of Exxon shares, and buys refiner Phillips stake because of the fluctuating oil prices. Bloomberg reports that the billionaire investor announced Wednesday that his Berkshire Hathaway Inc. sold some $4 billion Exxon Mobil Corp. shares due to the dreary outlook of crude oil prices, buying instead a $4.48 billion stake from refiner Phillips 66.

Oil price decline makes gasoline less expensive

Sep 11, 2015 09:05 AM EDT
Gas becomes less expensive because the bottom has fallen out on oil prices. Crude is responsible for almost half the cost of a gallon of gas, as reported by CNN Money.

After 25 years, China revises down GDP growth to 7.3%

Sep 10, 2015 09:08 AM EDT
The growth rate of China's economy for 2014 has revised marginally lower to 7.3 percent from previous forecast of 7.4 percent. The drop in services sector weighed more on gross domestic product (GDP). According to the latest data from National Bureau of Statistics (NBS), the GDP stood at 63.6 trillion Yuan ($10 trillion) in 2013 and this was 32.4 percent lower than earlier projection. The latest data casts shadow over the Chinese government's target of seven percent for 2015.

Japan's Economy Reduces at a Minus 1.2 Percent Annual Rate in Q2

Sep 10, 2015 09:06 AM EDT
Revised data released Tuesday shows that Japan's economy contracted at a minus 1.2 percent annual rate during the second quarter.

Housing boom in the horizon as market welcomes potential new buyers

Sep 07, 2015 09:09 AM EDT
As the supply for homes being sold goes down, statistics suggest an increase of potential buyers. This could lead to boom in house prices.

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