The US economy is recovering and so far it has imposed positive impressions on the pay hikes. Experts say pay would be rising in most sectors. The five years after the 2008 Great Recession officially ended, the salary hikes remain sharply uneven across industries. It is noteworthy, the overall pay has been rising about two percent a year. The market trend shows the best pay hike have gone to … [Read more...]
Household values, Stocks push America’s wealth to record high
A rise in home values and stocks pushed Americans' wealth to a fresh record high in the first quarter of the year, defying the headwinds of an economy weakened by harsh winter weather. The household wealth climbed at a fresh high amid improvements in labor market and gains in the stock and residential real estate markets that are giving balance sheets a lift. According to a report by the … [Read more...]
Dow and S&P 500 post new closing highs after ISM correction
The Dow and the S&P 500 recovered from earlier losses by inching higher late Monday afternoon after a closely watched read on U.S. manufacturing was revised to show more strength than initially indicated. While the Dow was up 0.1 percent, the S&P 500 was up fractionally at 3:09 pm on Monday. The Nasdaq composite was recorded 0.2 percent lower. It is noteworthy, there had been lots of … [Read more...]
Wall Street – Yields reach 11 months low for US Bond Market
The party seems to be over in the US Treasury bond market as the rally in bonds has surprised many by taking the 10-year yields to their lowest levels in 11 months. The soaring prices have pushed the benchmark 10-year yields to 2.422 percent on Thursday. This is the lowest since last June. The low level of yields comes at a time when the US Federal Reserve has eased its bond-buying stimulus … [Read more...]
U.S. pending home sales rise less than expected in April
32 percent of closed April sales according to the NAR, investors are slowing their purchases and leaving mortgage-dependent buyers to pick up the slack. The housing sector has raising concerns, as the rise in the ending home sales in April in the U.S. was less than than the expectations. The gain rate was expected to be 1% but according to a report, the National Association of Realtors … [Read more...]
Competition not killing us, says Microsoft’s new CEO Satya Nadella at Code Conference
Microsoft's new CEO Satya Nadella seems to have pulled up his socks to take up the new role with more confidence and enthusiasm. In his first public interview as CEO at the Code Conference in LA, Nadella looked a more confident man as he spoke his mind about the company future endeavors. The conference was organised by website Re/Code. His words showed his eagerness to avail all those … [Read more...]
Sony’s PlayStation (PS4) To Officially Enter China with OPCD
Just after one month of Microsoft announcement regarding bringing the Xbox to China come September, Sony also finally deep-rooted that the PlayStation will indeed be joining Redmond's console in the Far East. Just like Microsoft's collaboration with China's BesTV, Sony's also be working with a local company called Shanghai Oriental Pearl Culture Development (OPCD in short). The interesting … [Read more...]
US Real Estate Recovers as sales of new Homes rose 6.4 percent in April
After witnessing a slump in straight two months, the sales of new homes in the United States have seen a recovery in April. According to the US Department of Commerce, sales of new homes rose 6.4 percent in April at a seasonally adjusted annual rate of 433,000. In March, purchases fell 6.9 percent with an upwardly revised annual pace of 407,000. In February, buying had dropped 4.4 percent … [Read more...]
A $400bn gas deal signed between China and Russia
A $400 billion gas supply deal was signed by China and Russia on Wednesday, providing the world's top energy user a major source of cleaner fuel. The long-awaited agreement binds Moscow more closely to Beijing when President Vladimir Putin's relations with the West have depreciated to the bottommost point ever. China's president also called for an Asian security arrangement including Russia … [Read more...]
AT&T inks $50 bn Deal with DirecTV to improve its dividends
Continuing the wave of consolidation in the television and telecommunications sectors, the American multinational telecommunications corporation AT&T is going to acquire country’s biggest satellite television provider DirecTV. Both the companies have strike a deal worth almost USD $50 billion. According to a source, the deal could be announced by Sunday afternoon following the meeting of board … [Read more...]