The first meeting between U.S. President Barack Obama and Chinese’s President Xi Jinping was supposed to be a relatively relaxed get together for the leaders of the world’s two biggest economies
As was widely expected, the European Central Bank cut interest rates for the first time in close to a year from 0.75% to 0.50%. The rate cut was driven by an economy in recession, with unemployment hitting a record high in April and inflation dropping the most in more than four years
An estimated 11 million immigrants are living illegally in the U.S. That could change if Congress approves immigration reform, now making its way on the Hill. The Senate has a bill developed by a bipartisan group of eight including Republican John McCain of Arizona and Democrat Michael Bennett of Colorado that would put undocumented immigrants on a 13-year path to U.S
One of the most common numbers you hear if you listen to stock forecasts is the "P/E ratio"--the price of the stock or market relative to the company's earnings. Sometimes, the P/E ratio can be very useful for getting a sense of whether a stock or market is cheap or expensive. At other times, however, the number can be highly misleading
Niall Ferguson has two words for Paul Krugman: you’re wrong. The Harvard University history professor and author of “Civilization: The West and the Rest” says Krugman’s pro-government spending thesis not only fails to address the core problems facing the U.S. and Europe today but also has dire consequences for individuals living in these economies.
The Federal Reserve begins its two-day policy-making meeting today and not much news is expected, as has been the case ahead of many of the most recent meetings.
It was one week ago this Tuesday that a hacked AP account tweeted, “Breaking: Two Explosions in the White House and Barack Obama is injured” to its 1.9 million followers. Moments later, the @AP twitter handle released a statement saying they had been hacked and that President Obama was fine, but the markets had already reacted. The Dow Jones Industrial Average plummeted 150 points and lost $136 billion in value before rebounding.
One of the big problems in the U.S. economy right now is that big corporations are generating record profits not by growing revenues but by cutting costs. "Costs," as everyone who works for a big corporation knows, are a synonym for employees, employee wages, employee perks, capital investment, and research and development
Few Americans were aware of the dangers of industrial farming and processed food before Michael Pollan published his best-selling books “ In Defense of Food ” and the “ Omnivore’s Dilemma .” A hero to the locavore and organic movements, Pollan has never shied away from expressing his opinions on what to eat, where to eat and the proper way to raise and harvest what we eat. In his new book “
Gold soared Friday morning to just below $1,475 an ounce, but by the afternoon the gains were gone and gold was down almost $9 an ounce.