Hundreds evacuate homes as Wildfire reaches California coast


A wind-driven wildfire is spreading by the California coast north of Los Angeles prompting hundreds of people to evacuate their homes. Evacuations have also been ordered in case of university campus including several farm buildings and recreational vehicles are also under threat as the wildfire also surrounded them. Source: Reuters, LATimes, CBS, Bloomberg, CBS 8

Elon Musk sparks rumors with his tweet; each character of his tweet has helped gain Tesla stock $2.2Mn


  We are assuming that Elon Musk knows how to make boring things seem interesting. Thursday morning, he tweeted, “Announcement of new @TeslaMotors strategy tomorrow. Tesla owners will like this.” Following the Tweet, everyone started speculating on Twitter. People started asking questions like, What would it be? Direct sales over the Internet? Solar cars? CheaperContinue reading “Elon Musk sparks rumors with his tweet; each character of his tweet has helped gain Tesla stock $2.2Mn”

Bond Purchases to be raised by Bank of Japan as Kuroda takes over control


The newly appointed Governor Haruhiko Kuroda has begun initiatives to end 15 years of deflation by doubling the quantity of monthly bond purchases to reach 2 percent inflation within two years. As Kuroda presided over his first meeting since swearing in the office last month, the board today rationalized its asset purchase programs and temporarilyContinue reading “Bond Purchases to be raised by Bank of Japan as Kuroda takes over control”

Wholesale prices in US increases 0.2% due to higher food prices


  Wholesale prices in US have risen after a period of four months making food and pharmaceuticals dearer. The increase of 0.2 percent in producer-price index was reported by the report of Labor Department in Washington. In the median estimate survey conducted by Bloomberg assigned 74 economists projected 0.3 percent increase. Core producer costs excludingContinue reading “Wholesale prices in US increases 0.2% due to higher food prices”