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Appleā€™s iPhone Record Sale Lead to a $42 billion Revenue

Appleā€™s bestseller performance

The iPhone has once more proven to be behind Appleā€™s bestseller performance after quarterly results surpassed expectations. The excitement that came with the new iPhone 6 as well as the 6 Plus models generated sales of over 39.3 million iPhones in the last quarter. This was a new record for the months between July and September. Apple however made disappointing ... Read More »

World Stocks Have Advanced On Strong US Data And Earnings

Stocks Have Advanced On Strong US Data And Earnings

The global stocks did climb on Monday, with a strong US data. This has encouraged the third quarter earnings hence easing the concerns about the global economic recovery pace. This has also raised the appetite for riskier assets. The MSCI world equity index .MIWD00000PUS was up by 0.3% by 4.21 a.m. EDT. This tracks shares in 45 countries. The MSCI ... Read More »

CFPB Issues Report Criticizing Private Student Loan Lenders, Vows Action

CFPB Issues Report Criticizing Private Student Loan Lenders, Vows Action

This week, the Consumer Financial Protection Bureau issued a new report saying that private student loan lenders are not doing enough to keep struggling borrowers from defaulting. This comes after the bureau’s annual analysis of complaints it has received from consumers about private student loans. The CFPB reported a 38% jump in private loan complaints over the last twelve months. ... Read More »

2014-2015 Acura MDX Recalled Over Faulty Front Seatbelts

Acura MDX Recalled Over Faulty Front Seatbelts

On Monday, Honda Motor Co said it is recalling 43,000 Acura luxury vehicles in the United States to repair faulty front seat belts. According to Honda, the front seat belts on the 2014 Acura RLX sedan and the 2014-2015 Acura MDX crossover may not release from the retracted position in temperatures below 0 degrees Fahrenheit. 7,000 Acura RLX sedans and ... Read More »

Gold Price Reaches 4-Week High as Stocks Drop

Gold Price Reaches 4-Week High as Stocks Drop

Gold futures rose to the highest price in almost four weeks over concern that economic growth is slowing, increasing demand for a haven asset. Gold prices retained gains on Tuesday. A sell-off in the stock market made gold-backed exchange-traded funds (ETFs) more attractive to investors for the first time this month after heavy sell-offs. Spot gold reached $1,234, remaining near ... Read More »

Mercedes Has Recalled The 2015 C-Class Model Over A Steering Issue

Photo: inautonews

Mercedes Benz has indeed invested a great deal in their 2015 C-Class launch. While this vehicle may have just started winning over customers around the globe, the maker has just recalled over 10,500 units of the US market C-Class. They have been recalled over a suspicion of a squeaky steering when that will not turn properly, hence increasing the risk ... Read More »

Gas Prices Fall to 2014 Lows, Expected to Continue Dropping

Gas Prices Fall to 2014 Lows, Expected to Continue Dropping

Gas prices have dropped to new 2014 lows this week, and many signs indicate prices will continue falling. The national average price for regular unleaded gas dropped to $3.24 a gallon on Friday, which is the lowest daily average of the year and the lowest average gas price since December 22, 2013. Prices fell eight cents in less than one ... Read More »

Applications for Unemployment Benefits Drop to 287,000

Applications for Unemployment Benefits Drop to 287,000

The number of people filing new claims for unemployment benefits dropped last week, hitting close to the lowest level since before the recession of 2007-2009. This report is the latest in a string of good news for the U.S. labor market. Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted rate of 287,000, according to the Labor ... Read More »

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