U.S. Congress needs to act as the country reaches its debt limit
The U.S. government has to raise the debt limit within the next three weeks as money is beginning to run out in Washington and...
New orders for durable goods up 0.1% in August
New orders for (manufactured) durable goods increased by 0.1% or $0.3 billion in August to $224.9 billion.
The U.S. Census Bureau announced the data in...
Twitter reveals how people in different countries read the news
The way people read news is changing - instead of reading the morning paper many newsreaders simply check their Twitter feed instead.
Twitter is a...
Asia-Pacific poised to become largest wealth market next year
The number and wealth of high net worth individuals (HNWIs) in the Asia-Pacific region has grown at twice and three times the rate in...
American home prices have increased by 12.4% over the past year
Home prices in the U.S. rose 12.4% over the past year to the end of July, according to the the latest S&P/Case-Shiller Home Price...
Mentioning side effects in ads may help drive sales
A product that mentions any potential side effects may help drive sales, says new research published in a prestigious journal of the Association for...
Economic expansion of U.S. economy may last years
Forecasts now estimate that the U.S. economy could sustain growth into 2015, says the Chemical Activity Barometer (CAB), a monthly report issued by the...
How secure do Americans feel about their financial security?
Americans expect home prices to increase over the next year.
However, they are also feeling less comfortable about their total amount of debt and the amount...
Blackberry agrees in principle to $4.7 billion takeover
Blackberry’s largest shareholder, Fairfax Financial, has led a bid to acquire Blackberry for $4.7 billion.
Fairfax currently owns about 10% of the company’s stock.
A consortium...
U.S. PMI drops to 52.8 in September from 53.1 in August
The flash PMI (Purchasing Manager's Index) for U.S. manufacturing has declined to a three-month low in September - down to 52.8. The average PMI...