Economy News

Russia?s Richest Wants the U.S. Tech Market

Russia?s Richest Wants the U.S. Tech Market

The Russian tech market has been nearly conquered by Mail.ru. The Internet portal operates some of the country?s most popular messaging, email and social media services. The portal also owns a large stake in the largest social network in Russia Vkontakte and in Qiwi, a provider of digital payments that […]

Toshiba Markdown on Profit Nearly Doubles Its Prior Estimate

Toshiba Markdown on Profit Nearly Doubles Its Prior Estimate

Toshiba Corp will likely mark down its operating profit from the past by as much as 100 billion yen or $814 million, which is nearly double its estimated restatement made earlier, due to accounting irregularities, said a person close to the situation. In what could be shaping up to be […]

Dollar Slides, Growth Slow, Are We Getting Closer to a Fed Rate Hike?

Dollar Slides, Growth Slow, Are We Getting Closer to a Fed Rate Hike?

New numbers show that the American economy only grew at a moderate/modest pace this summer through 8 of the Federal Reserve?s 12 districts. This is a slowdown from past reports that could encourage more caution among Fed policymakers in terms of raising interest rates. According the Fed?s ?Beige Book?, which […]