In US economic data, the Chicago purchasing managers index rose from 52.6 to 64.3 in August - the biggest monthly point gain since July 1983. US personal income rose by 0.2% in July with spending down by 0.1% - both results fell short of forecasts. And consumer sentiment rose from 79.2 to 82.5 in August, above forecasts for a result near 80.1.
British mum Theresa Cox blames the mobile phone game Clash of Clans for almost emptying her bank account of £7,000 which was automatically debited from her funds.
Australia's renewable energy is threatened by the recommendation of a recently released review, suggesting that the government should scrap or weaken its current renewable energy target. Solar panel systems are expected to increase to almost half of its original price.
A North Korean official of the Korea Daesong Bank, identified by JoohnAng Ilbo newspaper as Yun Tae Hyong, left the country with $5 million and is in Russia, seeking asylum in a third nation.
Buyers and sellers exchanged blows over the course of the session on Friday. Buyers were able to land the final blow which allowed the ASX 200 to end the day with a gain of 1.5 points. The month has yielded a similar outcome in terms of scale, with the index losing 0.12%.
The inevitable, as a result of the two tragedies that hit Malaysia Airlines four months apart, just happened. The embattled air carrier announced on Friday that it would axe up to 4,000 employees, including its chief executive officer, The Telegraph reports.
The Australian market is unchanged at lunch, with weakness from the mining sector and consumer staples holding the broader market back. Shares in the US fell for the first time this week while remaining near record highs. Stronger than expected US economic growth last night was offset by tensions in Eastern Ukraine. US markets will be shut on Monday for a holiday.
Equities retreated as geopolitical risk reared its ugly head yet again. News that Ukraine-Russia tension is flaring up again sharply spooked investors, with reports suggesting Russia has even more troops in separatist territory. These reports were backed by NATO images and President Obama has since warned of more sanctions against Russia.
In US economic data, the economy grew at a 4.2% annual pace in the June quarter, up from the "flash" estimate of 4% and above forecasts of 3.9%. New claims for unemployment insurance fell by 1,000 to 298,000 in the latest week and below forecasts of a result near 300,000. And pending home sales rose by 3.3% in July, above forecasts for a 0.5% gain.
Despite naysayers crying the stunted recovery of the U.S. real estate market due to a slowdown in home price increase, one expert notes that the slowdown is actually good for the economy.
Showing that he practices what he preaches, green advocate and former U.S. Vice President Al Gore invested £8 million in Ovo Energy. The investment comes before one of the fastest-growing new power suppliers in the UK launches its initial public offering (IPO).
A Japanese court has ruled that Tokyo Electric Power Company (TEPCO), operator of the tsunami-crippled Fukushima Daiichi nuclear power plant, is liable for the suicide of a woman in 2011 due to physical and mental effects brought by the disaster.
Local sellers have been chastened by the performance of US stocks over the course of recent sessions. US indices may have been flat in overnight trade but the willingness of the S&P 500 to remain in the range of the 2000 mark has meant that domestic sellers have been wary of committing themselves wholeheartedly as the broader US market runs the risk of breaking higher through one of the more significant technical levels of recent history. Sellers pushed the ASX 200 down by 24 points in the openi...
Concerns about overheating that could lead to potential fire and burn hazards have prompted Hewlett-Packard to recall over six million power cords from the United States and Canada.
TD Canada changed a few of their ATMs into innovative gift dispensing Automatic thanking machines that gave surprise gifts for customers.
A three-man mobile laboratory team who were following findings contracted the deadly Ebola virus.
A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now.
Greenwich Village's Quad Cinema was bought by a film buff and real estate magnate Charles S. Cohen, a report on the Boston Herald said.
Japan is encouraging its young people to invest in the stock market through a plan to expand an existing tax-free investment program that targets citizens aged 20 and above.
Volumes are down, trading activity is subdued and the Street is nonplussed about a key driver for the next leg up or down. The current situation has the bullish and bearish views sitting at around 50/50 as the market awaits the first two weeks of September and the meeting of central banks.
In US economic data, the weekly mortgage market index rose by 2.8% with the purchase index up 2.6% and the refinancing index up by 2.8%.
Followers of unbeaten American boxer Floyd Mayweather Jr are used by now to seeing video and photo posts of the champ showing off his latest purchase of diamonds, watches, cars and other luxury items for himself and girlfriend Doralee "Bad" Medina. He has also posted shots of himself with 8-digit checks or a bag full of cold cash, giving the impression that Money May is flaunting his wealth amid criticisms that he is an uneducated millionaire
A United Airlines flight was forced to divert from its original flight plan after two passengers fought over personal space and the use reclining seats.
Terror group the Islamic State of Iraq and Syria (ISIS) has started to infiltrate legitimate hashtags on Twitter to circumvent and promote their terroristic propaganda. The hashtags #napaearthquake and #sfearthquake were their latest victims.
Iceland's Bardarbunga volcano still has not yet erupted. It just continues to grumble and rumble for over a week now, prompting scientists to believe the magma from the volcanic system could be flowing somewhere else.
The uptrend momentum on the S&P has continued unabated, as it breached and held 2000 points for the first time in its history this morning.
n US economic data, the CaseShiller home price series fell 0.2% in June, weaker than expectations. But the FHFA home price series rose by 0.4% in June to stand 5.1% higher than a year ago. Durable good orders rose by 22.6% in July, but excluding aircraft, orders fell by 0.5%, below forecasts of a 0.5% gain. And consumer confidence rose from 90.9 to 92.4, above forecasts for a result near 89.0 and the highest level since October 2007.
A study by business consultant McKinsey & Co brought out the possibility that China's e-commerce market would soon outpace that of the U.S. very soon. It forecasts that the Chinese market will grow between $420 billion and $650 billion by 2020.
Will you trade your home for a smart home that knows when you have arrived, or have been built with energy-efficient materials? How about one with the capability to adjust automatically based on weather conditions or brews your coffee the moment you wake up? Or one that reminds you to cross a chore off your list? Most of you probably would happily oblige.
Technology giant IBM said on Tuesday that it would open two SoftLayer data centres in Melbourne and Sydney, Australia. The first, to open in September at Deer Park in Melbourne, is part of IBM's $1.2 billion global investment that aims to expand its cloud computing footprint.
