BUSINESS

Target Confirms Credit Card Breach; 40 Million Shoppers Compromised

U.S. retail giant Target Corporation has confirmed reports that it is investigating a security breach on credit and debit card information of its customers. Around 40 million shoppers who purchased from the company’s stores across the country from November 27 and December 15 are feared to be affected by the theft.

Reebok Australia Facing Legal Action For Promising Consumers Toned Muscles

Reebok Australia is under fire for promising consumers toned thighs and calves if they use its EasyTone shoes. The Australian Competition and Consumer Commission has launched legal action against the sports company for making false, misleading, or deceptive representations about the workout shoes.

China Turns Bitcoin into Digital Monopoly Money

Bitcoins plunged to $625 in value as China bans the virtual money on real world use. Its price dropped by $200 when Zhou Jinhuang, People’s Bank of China’s deputy director of payment clearance, told third party payment providers that “they can no longer work with Bitcoin exchanges,” Forbes reported.

After PlayStation 4 and Xbox One, PlayStation 5, Wii and Next XBox Concepts Released

Sony and Microsoft released the PlayStation 4 and Xbox One. As the rivalry continues, gamers can look forward for more next generation consoles. Recent reports hint what people can expect from the next PlayStation 5 and Xbox. There were also reports showing the concept for the next-generation Wii. It will definitely be a packed season.
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Holiday 2013 Gift Guide: The Best Cameras to Give this Christmas [WATCH]

Cameras are great for taking pictures and more importantly preserving precious memories. With the advent of camera phones, it's not as popular as much as before. But, it is still highly coveted by photography enthusiasts and hobbyists who know that these babies are the best gadgets to take winning photos with. Check out this Holiday 2013 Gift Guide featuring the best cameras to give this Christmas.

Early Thoughts On Investing In 2014

By Mitchell Clark, B.CommIt's less than two weeks prior to the Christmas break, and with the New Year on the horizon, that means it's time to sit down and really re-evaluate your portfolio.

The Overnight Report: Taper Surprise!

By Evan Lucas, Market Strategist IG MarketsGood MorningDovish taper hawkish surprise from the FedThe market finally got its wish from September for a dovish token taper of $10 billion split evenly over mortgage-backed securities and treasuries.

Australian Stock Market Report – Midday 12/18/13

The All Ordinaries Index opened higher by 4 points but quickly fell away and by lunch time the All Ords had recovered lost ground. The volumes on the market have been light as investors prepare for what will be a long wait ahead of tomorrow's outcome from the Fed's 2 day policy meeting. By 6am AEDT tomorrow we will know the outcome of the Federal Reserve meeting. Tomorrow could see trading volumes back to normal levels. So far today trading levels are around 60% of the average rate. Overni...

Global Markets Overview – 12/18/13

Trade in the US remains very cautious, and so quiet you can hear the wind blowing through the trader stalls as tomorrow morning's announcement from the FOMC inches closer.

Australian Stock Market Report – Morning 12/18/13

In US economic news, consumer prices were flat in November but the core rate (excludes food and energy) rose by 0.2%, just ahead of forecasts of a 0.1% gain. The current account deficit narrowed from US$96.61 billion to a 4-year low of US$94.84 billion. Chain store sales were up 2.9% in the latest week on a year ago, compared with 2.6% in the previous week. And the NAHB housing market index rose from 54 to 58 in December.

Google Acquires Boston Dynamics Robotics Company [WATCH]

Google Inc., the world's largest Internet search engine, has just acquired the Boston Dynamics Robotics Company. Part of Google's acquisition are several robots made by Boston Dynamics including Big Dog, a four-legged robot dog that can climb hills and Cheetah, a really fast robot that can outrun Usain Bolt, who is believed to be the fastest human today.

Apple Inc Shares on a 52-Week High, Analysts Expect $650 Price Target Due to Stable Trends

Apple Inc. shares may have regained its momentum after climbing to its new 52-week high. Analysts are expecting the company to sustain its strong stock performance given Apple's massive gains from its iPhone and iPad sales across the globe. Analysts at Jefferies have agreed with others in increasing their long-term predictions and price targets for Apple Inc.

New Zealand Economy Expected to Grow Stronger in 2014-2015

The economy of New Zealand is expected to grow even stronger in the next two years, according to the Institute of Economic Research. A survey of economic forecasts based from various economic and financial agencies said that New Zealand is expected to have a broad-based annual growth rate of 2.8 per cent by March 2014 and 3 per cent in the 2014.

U3O8 Market Shifts Focus To 2014

By Rudi Filapek-Vandyck"Extremely quiet" is the operative label that stands out from industry consultant TradeTech's weekly update on the spot uranium market.

Global Markets Overview – 12/17/13

As the global markets continue to look towards Thursday morning's announcement from the FOMC, Australian investors will be watching two very interesting public policy papers that are released today.

Australian Stock Market Report – Morning 12/17/13

In US economic news, industrial production rose by 1.1% in November ahead of market forecasts centred on a 0.5% gain. The Markit ´´flash´´ manufacturing gauge eased from 54.7 to 54.4 in December, short of the 55.0 forecast. The Empire State manufacturing index lifted from minus 2.21 to +0.98 in December, but this was short of the +4.75 forecast. And overall net capital inflows to the US totalled US$194.9 billion in October compared with outflows of US$106.8 billion in September.

The Overnight Report: MYEFO Ahead

By Evan Lucas, Market Strategist IG MarketsGood MorningThe meaning is in the detail for the AUDAs the global markets continue to look towards Thursday morning's announcement from the FOMC, Australian investors will be watching two very interesting public policy papers that are released today.

Ward’s AutoWorld Magazine Names its 2014 10 Best Automobile Engines

Ward's AutoWorld Magazine has just named its 2014 10 Best Automobile Engines including the Audi S5, the BMS 535d and the Ram 1500 EcoDiesel. Ward's 10 Best Engines is an annual list of the ten best automobile engines available in the U.S. automobile market that are available in regular-production vehicles and are on sale in the U.S. no later than the first quarter of the year. Check out the winners below:

Australian Stock Market Report – Midday 12/16/13

Sellers had a breather on Friday. Although they have returned refreshed an invigorated on Monday. The Market sank by 39 points in early trade, a harbinger of the volatility that could be in store ahead of the Fed's FOMC mid week.

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