Fed official: Expect rate hikes this year

The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday. His speech, which largely focused on public pensions, made only oblique reference to the market turmoil that has prompted some economists to push back their expectations for a rate […]

Dow Jones industrials plunge 1000 points in early trading

Stocks have bounced off the lowest levels of the day. China said last week that its manufacturing activity, which is one of the biggest and most important metrics on growth, ended up dropping to a six-year low for the month of July. “It’s probably going to be a bad week”.

Airbnb expands in business travel sector

Greater than 1,000 corporations have joined Airbnb’s new program permitting enterprise vacationers to make use of the peer-to-peer-lodging service, the agency stated.