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By Eric Auchard FRANKFURT (Reuters) – Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established education firms and setting the pace for how to make lessons more engaging. Phone and tablet-based mobile products from newcomers like Germany’s Babbel, Britain’s Memrise and U.S.-based Duolingo have overtaken names like Berlitz and computer self-learning pioneer Rosetta Stone in terms
By Shu Zhang and Gerry Shih BEIJING (Reuters) – Uber Technologies Inc’s [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. The ride-hailing service, which operates in over 50 countries, keeps 20 percent of booking revenue, showed a confidential slideshow prepared by Chinese bankers with input from Uber,
U.S. stocks plunged, extending recent rout, as concerns about slowing global growth continued to pressure investor sentiment.
Unemployment rates fell in 24 U.S. states last month, including some of those with early presidential nominating contests. Unemployment rates rose in 14 states and were unchanged in 12. Employers added …
The recently released minutes of the July 28-29 Federal Open Market Committee (FOMC) meeting shows that while many members of the Federal Reserve want to raise interest rates, it’s not clear when it will happen. Members of the Fed are generally satisfied with improvements in the economy, but there are still a number of reasons to question a September rate hike, especially since there’s no way to know what factors
Financial data firm Markit said its preliminary U.S. Manufacturing Purchasing Managers’ Index fell to 52.9 in August, its lowest since October 2013, from a final July reading of 53.8. “August’s survey highlights a lack of growth momentum and continued weak price pressures across the U.S. manufacturing sector, which adds some fuel to the dovish argument as policymakers weigh up tightening policy in September,” said Tim Moore, senior economist at Markit.
Tesla Motors Inc. has launched a wholesale revamp of its stores worldwide as the electric-car company prepares to debut the Model X, its first sport-utility vehicle. The effort is largely devoted to telling the Tesla story, critical for a young company selling a product that remains mysterious — and intimidating — to most drivers. During an exclusive tour of a newly refreshed store at the upscale, outdoor Santana Row shopping
With the 10th anniversary of Hurricane Katrina approaching, Wal-Mart is announcing a $25 million, five-year commitment to support disaster recovery efforts around the world. The corporation and its charitable …
Lower commodity prices and falling farm incomes continued to pressure demand for agricultural machinery, with the declines most pronounced in higher-horsepower models, the company said on Friday. It also cited lower demand for construction equipment. Farm and turf equipment sales, which account for more than two-thirds of total revenue, fell 24 percent to $5.31 billion in the third quarter ended July 31.
Yesterday’s drop feels a bit jarring is because the US equity market has been unusually flat for months, lulling us with sideways choppy moves.
