Economy news

EBay’s payment processing subsidiary, PayPal, announced it was ollaborating with the major bitcoin payment processors in order to position itself in the bitcoin ecosystem

EBay’s payment processing subsidiary, PayPal, announced it was ollaborating with the major bitcoin payment processors in order to position itself in the bitcoin ecosystem

eBay Inc (EBAY)’s payment service subsidiary, Paypal, announced that it will be affiliating itself with the three major bitcoin payment processors: Coinbase, Bitpay, and GoCoin. The announcement by Scott Ellison, who heads corporate strategy at PayPal, highlighted that the company’s Payments Hub system will enable merchants to accept bitcoins through […]

Transportation Stocks To Watch

Transportation Stocks To Watch

The SPDR S&P Transportation ETF (NYSEARCA:XTN) appreciated 1.4% during trading Monday, outperforming the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which closed up 0.3%. Railroad stocks like Norfolk Southern Corp. (NYSE:NSC), Canadian Pacific Railway Limited (USA) (NYSE:CP), and CSX Corporation (NYSE:CSX) closed in the green yesterday. Norfolk stock closed 3.3% up, […]

Bitglass Raises $25 Million To Serve And Protect Online Enterprise Data

Bitglass Raises $25 Million To Serve And Protect Online Enterprise Data

Online security startup Bitglass announced yesterday that it has raised additional capital to expand and provide its services to more enterprises. Bitglass said it has secured $25 million in funding from various corporations like Singapore Telecommunications Limited (Z74), a corporate investing subsidiary of SingTel Group, NEA, Norwest and an unnamed […]

US Equities Looking To End The Week On A Positive Note

US Equities Looking To End The Week On A Positive Note

Major US markets ended last week on a downward note. However, futures are pointing to a different ending this week, if markets hold up. With the exception of Nikkei, which was flat for the day, Hang Seng ended over half a percent higher, while the Shanghai Composite jumped nearly 1% […]

Here Is Why US Economy Is Showing Cracks

Here Is Why US Economy Is Showing Cracks

The US job market was at its best last year since 1999 as economic activity grew significantly by 5% in the third-quarter of fiscal year 2014 (3QFY14). However, the start of 2015 is slow and the economy seems to be losing its momentum for growth. Experts have lowered their growth […]

US Employment Figures Remain Robust Amidst Declining Retail Sales

US Employment Figures Remain Robust Amidst Declining Retail Sales

According to a US Labor Department report, initial jobless claims have contracted to 289,000 as of March 7. The claims, which indicate how many Americans filed for fresh unemployment benefits during the week, hit a three-week low compared to the revised 325,000 data in the previous week. An analysts’ poll […]

US Private Sector Adds Fewest Jobs Since January 2014: ADP

US Private Sector Adds Fewest Jobs Since January 2014: ADP

According to Automatic Data Processing (ADP) Inc. National Employment report, private sector employers in the US have added the fewest jobs since January last year. This could increase concerns related to the revival of the US economy following a slump during the first quarter. This was evident by the fact […]

ECB Announces Eurozone’s First Quantitative Easing Program

ECB Announces Eurozone’s First Quantitative Easing Program

The European Central Bank has reportedly disclosed plans to launch the first ever Quantitative Easing program for the Eurozone. The report follows an ECB meeting held on Thursday. ECB’s governing council has decided to launch its first and much-awaited Quantitative Easing (QE) program for the Eurozone, to help the distressed […]