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Square, ‘Mobile Wallet’ Company Led By Twitter Co-Founder Jack Dorsey, Now Valued At $3.25 Billion

From Companies 11:10 am

Square, ‘Mobile Wallet’ Company Led By Twitter Co-Founder Jack Dorsey, Now Valued At $3.25 Billion

Square, the new rising star of Silicon Valley founded and lead by Twitter co-founder Jack Dorsey, closed a $200 million fundraising round on Monday that now places the start-up's value at $3.25 billion. The privately-held San Francisco based company hopes to establish itself as the go-to "mobile wallet" in a growing industry of digital payment systems that all seek to turn smartphones into people's primary means of transaction.

A bank-owned villa on sale

From Economy 06:12 am

Is US Housing Sector Recovering? A Preview Of Wednesday's 3 Big Reports

Three key U.S. housing reports to be released Wednesday are expected to show small improvements in the market, and the Federal Reserve's third round of quantitative easing, or QE3, could accelerate the recovery by boosting demand in coming months, according to industry sources.

Apple

From Companies 04:12 pm

Apple Tops $700 Mark, Year After Hitting $400

Shares of Apple (Nasdaq: AAPL) surged past $700 for the first time, just a year after topping $400. The move brings Apple's market value to about $650 billion, cementing its 2012 role as the world's most valuable company, ahead of Exxon Mobil Corp.

The New York Stock Exchange

From Economy 01:42 pm

Markets Keep Rallying as Companies Brace for Tough Third Quarter

The stock markets are having a monster rally. But next earnings season might challenge that.

Currencies

From Economy 04:33 pm

QE3 Reviving Fears Of Global Currency Wars

Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday.

New HIA Report Warns of Likely Recession to Hit Housing Sector

From Economy 04:36 pm

Fed Speakers, Housing Data, Manufacturing PMI: Economic Events For Sept 17-21

The continued weakness of the global economy will probably keep U.S.manufacturing purchasing managers indexes at low levels in September. Meanwhile, economists expect August's housing data to indicate the recovery in that sector remains intact.

FedEx boxes unloaded off delivery truck in New York after FedEx Corp. reported quarterly profit and revenue data that missed Wall Street estimates

From Companies 06:13 am

FedEx, General Mills, Oracle, Adobe: Earnings Reports To Watch, Sept 18-21

Analysts expect companies in the S&P 500 to post negative revenue growth rate in the third quarter. Meanwhile, profits are expected to decline by 2 percent for the period.

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