Economy

Hillary's problem: Will the economic recovery die before the election?

Right or wrong, Hillary's future is tied to the performance of the Obama economy until Election Day.  More

Brazil's Petrobras: We lost $2 billion to bribery

Brazilian oil company Petrobras posted an annual loss of $7.2 billion and wrote off $2 billion for the cost of corruption.  More

The American Dream is a myth, says Nobel-prize winner

Out of all of the advanced countries, the U.S. has one of the highest levels of income inequality and falls behind at offering equal opportunities to advance, says economist Joseph Stiglitz.  More

Planes, trains, cars, buses - What's best for the earth?

City-to-city buses get over 200 miles per gallon per passenger, making them the most fuel efficient travel choice.  More

The crazy world of negative rates: Banks pay your mortgage for you?

Negative interest rates in Europe are turning banks on their heads: at least one has made repayments on mortgages for some of its customers.  More

Selling your oil shares to save the planet

A number of big institutions are throwing their weight behind efforts to tackle climate change by taking their money out of fossil fuel companies.  Play

South Dakota's new slogan: We're better than Mars

'Why die on Mars when you can live in South Dakota?' A new ad campaign boasts that the state has a lot more to offer than Mount Rushmore.  More

China goes gaga over pole dancing

China's rising middle class is obsessed with pole dancing.  More

Europe takes aim at Russia's mighty Gazprom

The European Union is accusing Russia's energy giant Gazprom of abusing its dominant position to manipulate gas prices.  More

Defaults are the best medicine for China

For a long time, there were no defaults in China. But those days appear to be over.  More

Why 52% of Americans think the Obama economy is good

For the first time since Obama took office, Americans give the economy two thumbs up.  More

Sanctions will cost Russia more than $100 billion

Russia reckons sanctions imposed by the West will have cost it $106 billion by the end of this year.  More

What the heck is OPEC?!

About one third of the world's oil -- 30 million barrels a day -- comes from OPEC. Nina dos Santos explains the purpose of the Organization of Oil Exporting Countries and how OPEC decisions affect you.  Play

Can a Jos. A Bank suit win the White House?

Republican presidential hopeful Scott Walker boasted about his Jos. A Bank suits to voters in New Hampshire.  More

China's anti-corruption campaign: The greatest hits

The anti-corruption campaign spearheaded by Chinese President Xi Jinping has produced some astonishing examples of official wrongdoing.  More

Surprise! 260 million people live in just 15 Chinese cities

OECD researchers argue in a new report that many more people live in China's largest cities than previously estimated.  More

Hospitals pack up in poor areas, move to wealthy ones

A growing number of hospitals are relocating to higher-income areas in hopes of attracting better paying patients.  More

More oil industry pain: Halliburton slashes 9,000 jobs

Halliburton said Monday that it has cut 9,000 jobs over the past two quarters as crashing energy prices have forced it to scale back drilling operations.  More

Pakistan lands $46 billion investment from China

Chinese President Xi Jinping is expected to unveil plans to invest $46 billion in energy and infrastructure projects during his visit to Pakistan.  More

Royal baby: Gamblers expect Princess Alice

The Duke and Duchess of Cambridge are expecting their second baby and Alice has emerged as the gamblers' name of choice.  More

Why the U.K. elections really matter

The U.K. election on May 7 is arguably the most influential in a generation. Nina dos Santos explains why the outcome of this vote could disrupt economies around the world.  Play

China's central bank enters stimulus mode

China's central bank is kicking into gear, launching new stimulus designed to counter the country's slowest economic growth in six years.  More

U.S. economy isn't growing fast enough

Top Republican and Democratic economists say America's economy still needs help.  More

Oil job cuts keep coming: Schlumberger lays off 11,000

It's the second big layoff at Schlumberger this year. The oil services company cut 9,000 workers in January.  More

Stocks: Time for a big checkup this week

Expect an intense week for the stock market as Starbucks, Coke, Facebook, Google and more report earnings.  More

Japan now holds more U.S. debt than China

Japan now owns more U.S. government debt than any other country, ending China's six-year run as the top foreign holder of U.S. Treasuries.  More

A five-star hospital? Government unveils new ratings

Seeking to make it easier to compare hospitals, the federal government has started awarding star ratings to hospitals based on patients' reviews.  More

Greece running out of time to avoid collapse

Markets are starting to freak out again over Greece as the government runs out of time to unlock the funds it needs to avoid default and stay in the euro.  More

Five things to know about Putin's Russia

An economic crisis, Western sanctions and a comeback currency: What's going on in Russia?  More

Virtual reality puts you inside a Jaguar engine

Virtual reality technology allows engineers to get inside a Jaguar engine, without ever rolling up a sleeve.  More

Is Britain booming, or barely coping?

Britain grew faster than any other G7 economy last year. But the recovery is still not being felt by many people.  More

Oil just hit $56 -- its highest price in 2015

A barrel of oil hit $56 Wednesday, the first time in 2015 that oil has peaked that high. Oil's rally is sending energy stocks soaring.  More

I told a dude how much I made. It changed my life

Saadia Muzaffar, a force in the Canadian tech scene, says pay transparency is a major step in closing the gender gap.  More

ECB President Mario Draghi attacked by protester

European Central Bank President Mario Draghi was attacked by a protester Wednesday during the bank's regular briefing for journalists in Frankfurt.  More

OPEC pumps up output in fight for market share

OPEC has chalked up its biggest monthly increase in production in nearly four years as the cartel fights to maintain market share despite the price slump.  More

Cuba is finally coming off the U.S. terror list: Corporate America cheers

American companies are eyeing ways to enter Cuba, but they don't want to go while Cuba is still on the the terrorism watch list.  More

Will Hillary Clinton support a $15 minimum wage?

President Obama had advocated raising the minimum wage to $10.10, but advocates have now set the bar at $15. Will Hillary Clinton support that large a hike?  More

Economy dominates UK election debate

The economy is at the forefront of British voters' minds. CNN's Nina dos Santos looks at how to get Britain firmly back on track.  Play

Nearly 90 percent of Americans have health coverage

The percentage of those without insurance has fallen sharply in the last two years due to Obamacare law.  More

U.S. runs out of investor visas again as Chinese flood program

The United States has depleted its annual supply of EB-5 immigrant investor visas for the second year in a row after a huge wave of applications from rich Chinese.  More

China's economic growth drops to slowest pace since 2009

China's economy has dropped to its lowest quarterly growth pace since 2009, increasing pressure on the central government to roll out economic stimulus plans.  More

Oops. U.K. firm says big oil find not so big after all

Remember that 100 billion barrel oil find in Britain? Turns out the company got it wrong.  More

CEO takes 90% pay cut to give workers huge raise

Dan Price, CEO of Seattle payment processing firm, cutting his pay from nearly $1 million to $70,000 so that his lowest paid worker can also get $70,000.  More

India is world's fastest growing major economy. Can it last?

India is holding its ground during a shaky time in the global economy. While most emerging nations have struggled mightily against the strong U.S. dollar and falling commodity prices, India is above water.  More

'Screw inequality': Men fight the wage gap their way

The United Nations HeForShe initiative asks men to stand up for wage equality on Equal Pay Day.  More

U.S. economy still on track for best year since 2005

Despite a poor start to the year the U.S. economy should still expand by 3% in 2015 but slower emerging markets will drag on global growth, according to the International Monetary Fund.  More

You aren't spending enough to boost economy

Retail sales finally bounced back in March. But the gains were not as big as economists expected. Consumers still aren't spending ... and that will hurt economic growth for the first quarter.  More

This Indian city has the world's worst air

While the world has grown accustomed to images of near-apocalyptic pollution in Beijing, the world's worst air can be found in New Delhi.  More

Get ready: Interest rates are going to rise, but how fast?

All the fuss is over when the Fed will begin hiking rates. June? September? But the key is what comes next.  More

78 cents on the dollar: The facts about the gender wage gap

It's 2015 and gender pay inequality persists. Plus, it's worse for some, like women of color or those with children. Here's what you need to know.  More

Canada's economy is a disaster from low oil prices

Canada is still a resource dependent economy. That's bad news when oil and gas prices plunge.  More

China is poised to report worst growth since the financial crisis

China looks set to report its worst quarterly growth since the financial crisis, according to a CNNMoney survey of economists.  More

Saudi Arabia boosts military spending to record level

Saudi Arabia boosted its military budget by 17% to nearly $81 billion in 2014, the biggest increase among the world's top defense spenders.  More

Hillary Clinton's economic plans need an overhaul

Clinton has stayed mum lately on the economy -- something she hammered during the 2008 campaign.  More

The Obamas paid $93,362 in federal income taxes

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013, and paid nearly 20% in federal income taxes.  More

'The Hand That Feeds' details nasty food fight for rights

A new documentary shines a light on the York food industry and how a group of undocumented workers united to fight deplorable conditions.  More

Whoa. The Russian ruble is having a 'miracle' surge

The ruble has been on fire in 2015, gaining over 20% against the U.S. dollar and 35% against the euro.  More

Opinion: Want to save Social Security? Embrace Latinos

From 2000-2010 the population of Latino children increased by 4.8 million, while white children decreased by 4.3 million. Were it not for Latinos, the nation's population of children would have declined.  More

Who needs McDonald's? Russia to launch its own national fast food chain

Russia is looking into investing nearly 1 billion rubles ($19 million) into a national network of restaurants to rival Western fast food companies.  More

U.K. Election: Why Europe matters to Britain

Britain's future in the world's biggest trading bloc may soon be thrown into doubt because May's election could lead to a vote on membership of the European Union.  More

Google doesn't care where you went to college

Laszlo Bock, Google's Head of People Operations, says experience has taught him that it's not just the Ivy Leagues, but that there's exceptional kids at many other places, from state schools in California to New York.  More
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