BUSINESS

When the ever evolving world of technology gave birth to text messaging some 20 years ago, people from around the world rejoiced at how messages can now be immediately sent to target recipients. Unwittingly, however, it caused the death of some communications tool, such as India's telegram service.

Before we get to the wonderful world of investing, it's important to set the scene. Make yourself a cup of hot chocolate, sit down and get ready for your blood to boil. You're about to find out how financial markets really work...

Since the early 1980's the financial sector has ridden an extraordinary wave of prosperity. The combination of increasing debt levels and rising share markets turbo-charged the growth in the banking and investment industries.

The lesson of today's Daily Reckoning is that if you want to blow a massive asset bubble in order to make people feel wealthier, you had better do it in the real estate market and not the stock market. Liquidity driven gains in the stock market are bigger, faster, and more impressive in the short term. But they're also easy come, easy go.

Before we identify the thief of your capital gains, a quick note to make sure you don't miss out on tomorrow's instalment of the revolution. What revolution?

'Behind every great fortune is a great crime,' said French novelist Honoré de Balzac. What crime lies behind Booz Allen Hamilton?

Canadian sportswear retailer Lululemon Athletica - CEO, Christine Day is stepping down after the recent problems with a line of yoga pants that were inconsiderately see through.

After falls of around 1 per cent this morning, a comeback from the financial sector is helping minimise the losses. The All Ordinaries Index (XAO) is down by just 0.1 per cent after recording its biggest improvement of the year on Friday. The miners are the biggest contributors to the losses however this is being balanced by gains of as much as 1.6 per cent from the banks.

The kingdom of oil-rich nation Saudi Arabia has advised pilgrims to the annual Mecca Hajj season to defer to next year their plans of going to the holy city, citing delayed expansion works at the Grand Mosque as well as fears over the Middle East Respiratory Syndrome Coronavirus (MERS-CoV).

The MSI GE40 gaming laptop was released last week and the company has begun shipping. The The MSI GE40 is MSI’s latest game offering. The company promises better gaming and portable experience.

Haswell microprocessor delivered what it promised consumers – Intel was successful in every sense of it. The chip made every Ultrabook and computing device battery efficient while maintaining high performance. The microprocessor offered a very powerful and reliable core for laptops, desktops and even serves. Intel took high performance computing to a whole new level.

Gina Rinehart, Australia's richest woman, has slipped down in Forbes Magazine's listing of the World's Richest Women to fifth place. She used to be number one, but went down to second place in 2012 in BRW Magazine's separate list.

- China cautious- Steel output steady- Modest support for iron ore- No timeframe for turnaroundBy Andrew NelsonCommodities analysts at ANZ Bank recently returned from a trip to China and they say the mood there remains cautious.

A Facebook invitation to a June 20 press event has led to speculations that the most popular social networking site would roll out a news reader, possibly based on trending articles on Facebook or more of an RSS reader-style product.

There are five versions of the Samsung flagship device, the Galaxy S4, with the look identical, but with different price points and experiences offered to users.

Reform is underway for the troubled Vatican Bank after Pope Francis named on Saturday Monsignor Battista Mario Salvatore Ricca as interim prelate of the financial institution, known also as the Institute for Religious Work.

Blackberry 10.2 OS is making a huge leap with Android OS and the next update will now allow users to download Android Jelly Bean applications right on their Blackberry device. The Blackberry 10.2 OS has the power to download, install and run Android applications which is something Windows Phone OS and iOS haven't tried before.

Every year or two years, it becomes necessary to change personal computing devices for several reasons. One their systems get outdated quick and two better and seemingly more convenient and functional computers always come out. Lately, the hype is on ultrabooks and convertibles? Are they really better than the previously hyped touch screens or tablets?

Kathleen Brooks, Research Director UK EMEA FOREX.comWe are rounding off a week where USDJPY rose to a high of 99.

The mobile device industry has proven to be one of the most prospering industries today. Global chip maker Intel Corporation is eyeing the same industry. With their release of Haswell processors, majority of the market’s ultrabooks runs on Intel, this new venture will further boost the position of the company in tech and manufacturing.

After a lacklustre run this shortened trading week, the Australian market recorded its biggest daily rise of 2013. The All Ordinaries Index (XAO) jumped by a solid 1.9 per cent after two straight sessions of 0.6 per cent losses.

LG earned success with the Nexus 4 and the Optimus line of Android devices, and now the company has been speculated working on with Google. However, Google and LG didn't confirmed Nexus 5 manufacturing but it seems that the South Korean tech company is developing the upcoming Optimus G2. Is this the secret smartphone they have been hiding?

Google unleashed their official Android application for Google Cloud Print service. Users can now download the official app from Google Play Store.

Transport systems in France were severely crippled this week as thousands of employees working for the country's aviation and rail sectors left their posts, leaving thousands of commuters stranded in stations and airports.

Sony recently released the official Xperia S Android 4.1.2 Jelly Bean update with build number 6.2.A.0.200. It has Android 4.1.2 features, changes on the WALKMAN, Album & Movies app and personalisation improvement. Below is the guide how to manually install the update on your Sony Xperia S.

The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, in part due to the spiralling eurozone crisis, but said that outlook appears more stable than just before the 2008 financial crisis.

The Lenovo IdeaPad Yoya 13 is named as such for a good reason. Whether users want a computer in a tablet mode, ten, stand or notebook, the IdeaPad can transform just a s quickly. Plus, it is the world’s first multi-mode ultrabook.

New York's mayor Michael Bloomberg has unveiled plans for the city to defend itself against future storms and dangers posed by climate change, recommending the construction of anti-flood fortifications including removable floodwalls, levees and sand-dunes in low-lying areas across the city.

The Australian share market is rebounding in early trade on Friday, following gains on offshore markets and after local stocks hit 2013 lows during yesterday's trade.