BUSINESS

Australian Stock Market Report – Midday August 29, 2014

Iron Ore Mining
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.

Global Markets Overview – August 29, 2014

Armed pro-Russian separatists stand guard at a crash site of Malaysia Airlines Flight MH17, near the village of Hrabove
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.
New York Stock Exchange

Australian Stock Market Report – Morning August 29, 2014

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.
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Wall Street

Global Markets Overview – August 28, 2014

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.
Warren Buffett

Floyd Mayweather Gets Investment Advice from Warren Buffett What to Do With Millions

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
Real estate

Australian Stock Market Report – Morning August 27, 2014

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 Journalist Checks Out a Curved G Flex Smartphone

3 Basic Requirements to Start Converting Your House into a Smart Home

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.
IBM Logo

IBM Opens $1.2 Billion Data Centre in Melbourne & Sydney

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.
A runner kisses the finish line after completing the 118th Boston Marathon in Boston

Chicago Marathon Brings Over $253 Million in Business

An independent study found that the Bank of America Chicago Marathon by the University of Illinois at Urbana-Champaign's Regional Economics Applications Laboratory continues to be a key economic driver and contributes an estimated $253.49 million in total business activity to the Chicago economy.
New York Stock Exchange

Australian Stock Market Report – Midday August 26, 2014

Local shares were flat footed in early trade on Tuesday, despite solid improvements for US stocks overnight which included the S&P 500 briefly lifting above 2,000 points for the first time. A continuing theme on Tuesday has been the weakness in the resource sector after commodity prices finished the northern hemisphere sessions with mixed fortunes. Investors remain wary of iron ore after prices fell 2% in the last day. More significant however is that prices have fallen below $US90 per tonne. Wh...
Housing

Australian Stock Market Report – Morning August 26, 2014

In US economic data, new home sales fell by 2.4% in July to a four month low. New home sales are up 12.3% on a year ago. A lift in the stock of properties on the market and slower price gains should help stimulate demand in months ahead. The Markit Services Purchasing Managers Index dipped from 60.8 to 58.5 in July.
Real estate

3 Keys to Real Estate Selling Success, According to Aussie Superstar Agent

Most experts would probably agree that there is no exact formula to becoming a successful real estate agent. But one thing that's going to make a difference in an agent's budding career is understanding how to build a solid reputation and impact in the local community. According to Australian agent and Century 21's top Australian salesperson for three years, Stephanie Hearne, it takes three things to accomplish that, and she expounded on these in a piece she wrote for Property Observer....
Global Stock Market Indices

Survey Says Many Investors Unaware of True State of Stock Market

A Wells Fargo/Gallup Investor and Retirement Optimism Index study in late June found that many investors are unaware of the true state of the stock market. The bases of that conclusion were the responses of American investors who had at least $10,000 in stocks, bonds, mutual funds, or retirement accounts.
Petrol

Caltex Australia to Axe 10% of Work Force in Next 12 Months

Fuel distributor Caltex continued to downsize its Australian operations, announcing on Monday that it will further cut 10 per cent of its work force in the next 12 months. The 10 per cent is equal to 350 jobs that will be shed as part of Caltex's restructuring.
New York Stock Exchange

Australian Stock Market Report – Afternoon August 25, 2014

Monday saw sellers return to the Australian share market for the first time in 7 session. Buyers made several early attempts at pushing the index higher, although they were thwarted on each occasion. The ASX 200 opened with a loss of 7 points; at session highs it was almost 5 points to the better. At the nadir of the day the market was at a deficit of 20 points. There was little inspiration on offer throughout the region. Investors remain wary of the Chinese bourse after last week's weaker re...
Israeli soldiers patrol outside the northern Gaza Strip

Watch Out ISIS, Kurdish Female Soldiers Will Show No Mercy

As cliché goes, no matter how brave a person is, there will be something that person is most afraid of. As for the ISIS, it is the fear of dying in the hands of an armed female warrior. The Kurdish security forces have banded a group of all women fighters to serve as pivotal weapon against the senseless terrorist group.

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