King.com, the creator of the popular Candy Crush Saga, filed for its initial public offering (IPO) with the Securities and Exchange Commission. The Candy Crush Saga has earned the company 250 million monthly active players and generates a few million dollars a day, according to CNBC.
The combination of disappointing numbers from economic indicators and the inevitable turmoil in Washington, the Fed decided to continue its bond-buying program as is. The decision was met with a rally in the market, according to the Wall Street Journal.
In the coming holiday seasons, shoppers may see a steep increase in the price of chocolate. The increase is due to the rising price of cocoa butter, the ingredient that gives chocolate a smooth texture, according to CNBC.
LivingSocial, a website that provides daily coupons and deals to members, was the victim of a computer hacker. Data from potentially 50 million users was compromised, according to the Wall Street Journal.
Apple Inc.’s stock price fell to its lowest level in over a year last week, falling almost $24 in one day. The sudden tumble is being attributed to poor results from the iPad mini as well as continued loss of market share for the company that once dominated the smart phone market, according to CNBC.
The Standard and Poor’s 500-stock index hit a new record high on Thursday, March 28. The record is an indication that the market still trusts the Fed to stimulate the economy, despite turbulence in Europe and slowed growth in the United States, according to the Wall Street Journal.