Economy news

Crowdfunding – The New Way To Raise Capital

Crowdfunding – The New Way To Raise Capital

Although the crowdfunding industry is still considered to be in its infancy, it has observed impressive growth. Various crowdfunding portals across the globe raised a total $5.1 billion in 2013 for different ventures, as compared to $1.5 billion in 2011. This year, the figure is expected to nearly double to […]

Revenue Surges as Retail and Cloud Businesses Rule at Amazon

Revenue Surges as Retail and Cloud Businesses Rule at Amazon

Amazon.com Inc.’s cloud computing and retail sales increased during its first quarter coming in slightly above expectations on Wall Street and sending shares at the company to a new record high in afterhours extended trading. The largest online retailer in the world said Thursday that net sales increased 23% to […]

Puerto Rico Tourism Industry Tries to Calm Zika Virus Fears

Puerto Rico Tourism Industry Tries to Calm Zika Virus Fears

The tourism industry of Puerto Rico is hoping it can ease concerns of tourists about Zika virus on the Caribbean island that is strapped for cash, describing extra precautions that are being carried out by businesses. Clarisa Jimenez the Puerto Rico Hotel and Tourism Association CEO and president said the […]

United States Oil Fund (USO) Down In Early Trading After OPEC Meeting

United States Oil Fund (USO) Down In Early Trading After OPEC Meeting

The Organization of Petroleum Exporting Countries (OPEC) met in Vienna. As expected the oil and gas cartel decided to stay firm on its decision of maintaining output at 30 million barrels of oil equivalent per day. The cartel highlighted that it would stick to this policy for the next six […]

Strong Holiday Sales for TJX Help Off-Price Retailer

Strong Holiday Sales for TJX Help Off-Price Retailer

TJX Cos, Inc, the owner of Marshalls and T.J. Maxx retail chains that specialize in off prices, posted quarterly sales that were higher than had been expected, as it was able to attract more shoppers who were hungry for bargains during the holiday shopping season. TJX also announced that it […]

Wholesale Inflation Data: More Good News For The Economy?

Wholesale Inflation Data: More Good News For The Economy?

After declining for four months in succession, US producer prices soared in March. The Labor Department report, issued today, revealed that the producer price index (PPI) for final demand saw a 0.2% increase last month. In comparison, the same metric declined 0.5% in February, 0.8% in January, and a seasonally […]

Burger King May Become A Canadian Company (BKW)

Burger King May Become A Canadian Company (BKW)

Burger King, an iconic American fast food brand, may soon become a Canadian company. According to a statement by the company, Burger King is in talks to purchase Tim Hortons and base the headquarters of the combined company in Canada instead of the United States. The merger with the Canadian […]

BioDelivery Sciences Soars on Positive Trial Data (BDSI)

BioDelivery Sciences Soars on Positive Trial Data (BDSI)

Shares of BioDelivery Sciences International (BDSI) soared 22% in active premarket trade after the company and its partner, Endo Pharmaceuticals, said a late-stage trial of its severe pain treatment met its primary efficacy endpoint. At 10:30 AM the stock is up 15.51 % form Fridays close to $13.87 and touched […]