Economy

Europe plays it tough with new Greek leaders

Europe's top officials are playing it tough with the new leaders of Greece, saying the country must follow the rules agreed by all countries using the euro.  More

Bernie Sanders: 7-point plan for saving 'the disappearing middle class'

Senator Bernie Sanders points to seven priorities -- including "a major federal jobs program" and raising taxes on the wealthy -- he says will rebuild "the disappearing middle class."  More

2015: The global economy's 'sink or swim' moment

Let's be blunt: The central banks have done all they can, and now it's 'sink or swim' time for the global economy.  More

Obamacare website reins in personal data sharing

Healthcare.gov was secretly sharing information that let marketers know if you smoked. It has since stopped.  More

France: Our economy is gonna get real

France has promised to accelerate efforts to revive its economy, taking advantage of a window of opportunity provided by the European Central Bank's massive stimulus program.  More

Russian elites warn West: Sanctions will never move Putin

Elite Russian political and business leaders are warning the U.S. and Europe not to push their luck too far as the sides clash over sanctions.  More

Thank you OPEC! China saves $100 billion

The collapse in oil prices will save China $100 billion in just six months.  More

Davos elite: We are not the bad guys

The rich have a message for the 99%: Don't hate us, we are good for you.  More

$7.54 for a Big Mac? Only in Switzerland

Switzerland has the most overvalued currency in the world, according to the Economist's Big Mac index. Ukraine and Russia have the most undervalued currencies.  More

Soros: European stimulus will benefit the rich

Billionaire investor George Soros says the European Central Bank's decision to start printing money might backfire.  More

What now for oil after Saudi king's death?

Saudi Arabia's King Abdullah bin Abdulaziz al Saud has died.  More

Wal-Mart China: Hitting headwinds

Doing business in China can still pay off big-time, but increasingly it's on China's terms.  More

Western Union CEO: It's tough being an immigrant in Europe

The boss of Western Union says it's much harder being an immigrant in Europe than in the U.S.  More

Oil boomtown: 'We could see 20,000 layoffs by June'

Oil workers in North Dakota's boomtown fear for their jobs as oil prices collapse, but others in town are mostly unfazed.  More

Struggle City: Most U.S. cities haven't recovered yet

60% of American metro areas are still below their pre-recession levels when it comes to jobs and growth.  More

3 reasons why the ECB stimulus matters

Wall Street is saying 'Bellissimo!' to the big QE announcement by the European Central Bank. You should too.  More

Europe to Russia: We won't blink over Ukraine

Europe won't even think about relaxing sanctions on Russia unless it sticks to a Ukraine peace agreement signed four months ago.  More

Oil boomtown on the brink of bust?

Life in Williston, N.D., is a lot more uncertain with oil prices hitting new lows each day.  More

Greek elections: Faces of austerity

Severe spending cuts designed to repair the Greek economy have dealt a heavy blow to its citizens.  More

London is the fastest growing western city

Britain's capital grew more than any other western city last year, according to a new Brookings report  More

ECB unveils big new stimulus program

The European Central Bank said it would pump 60 billion euros into the region's economy each month until the end of September 2016.  More

Top executives freak out about hackers

Cybercrime is now the top risk businesses face, says Barclays CEO Antony Jenkins.  More

Greece elections: Have 5 years of austerity paid off?

It's decision time in Greece. National elections on Sunday are widely seen as a vote on years of punishing austerity, and whether its citizens can handle much more.  More

Chinese Premier: We'll slow down but we won't crash

One of China's top government officials, Premier Li Keqiang, is reassuring markets that his country will avoid a much-feared "hard landing" as economic growth slows.  More

World's top cities: Zurich. Paris. Hartford?

Hartford, Connecticut has a higher gross domestic product per capita than Paris, Geneva and New York.  More

Oil tycoon Harold Hamm sells company for $3 billion

Hamm's wallet has taken huge hits in the past six months, thanks to the falling price of oil and a very public and expensive divorce.  More

Toy story: What toy sales tell us about China's future

China has been the world's toy factory for decades. But now, Chinese consumers are buying, and helping to reshape the industry.  More

Macau: China's gambling mecca desperately needs to diversify

Macau has enjoyed years of blockbuster growth. But the Chinese territory is far too dependent on gambling.  More

Big layoffs planned at eBay

Pink slips are going to be handed out to 2,400 workers at both eBay and PayPal by the end of March.  More

Big layoffs planned at eBay

Pink slips are going to be handed out to 2,400 workers at both eBay and PayPal by the end of March.  More

Russia: 'Don't call us losers' over oil prices

Russia's deputy prime minister Arkady Dvorkovich insists his country will find its footing and ultimately emerge as a winner, even as oil prices have plunged.  More

Tax preparers prepare to give bad Obamacare news

This tax season one of the most complicated ever. Tax preparers are trying to prepare for the first year that Obamacare will show up on your tax form.  More

QE alone can't solve Europe's problems

Europe is finally going to get its own massive monetary stimulus but that alone won't save the region's economy.  More

What to do with a dying neighborhood

Covington, Ga., decided not to let a half-completed development sit empty. But not everyone supports the city's solution.  More

Obama says wages are growing. They're not

In his State of the Union Speech, President Obama claimed wages are rising. New numbers show they remain flat.  More

Deflation 'Death Star' firing lasers at economy

Deflation is the new Darth Vader, shooting lasers at the global economy, according to one hedge fund manager.  More

India to overtake China as world's fastest growing large economy

Sorry China, but it's time to step aside. By next year, India could be the world's fastest-growing large economy.  More

Ukraine won't negotiate with Russia

Ukraine is ready to push for more sanctions against Russia if it doesn't implement a ceasefire agreement signed four months ago.  More

U.S. shale industry may shrink by 30% -- Ross Perot Jr.

The U.S. shale industry boom is turning to bust and as much as 30% could be shut down due to the collapse in oil prices, warns Texan billionaire Ross Perot Jr.  More

New year, same old problems for Europe

Davos this year is supposed to be discussing "The New Global Context." Europe, sadly, is still stuck in the past.  More

This is why Obama is so concerned about the middle class

The middle class has seen its income and wealth stagnate in recent decades. President Obama wants to change that.  More

Swiss tourism staring into the abyss

Switzerland's tourism industry is getting blasted this winter as the jump in the value of the Swiss franc raises prices for visitors.  More

IMF: The world economy is worse off than we thought

Sorry folks, the world economy is not going to improve much this year. Or next year.  More

Who doesn't get paid sick leave?

While most big firms and government jobs offer paid sick leaves, more than 40 million workers don't get this benefit.  More

China's president makes ... $22,000 a year?!

Chinese President Xi Jinping is getting a whopping 60% raise, boosting his salary to roughly $22,000 a year.  More

Cash for passports: How much it costs to buy a visa

Geopolitical instability is sparking a rush for passports by wealthy foreigners in search for safe places to shelter their families and their money.  More

I haven't gotten a raise in years

Many Americans are not receiving any pay raises. Even worse, their take home pay is going down because of rising health insurance costs.  More

Davos: The new (grim) global context

Political and business leaders attending the world's most exclusive meeting in Davos have a harsh reality to face: The world is in worse shape than when they met 12 months ago.  More

China misses official growth target for 2014

China's economy missed the government's official growth target last year, an exceedingly rare event that underscores the depth of challenges facing the world's second-largest economy.  More

A grown up theme for a grown up Davos?

For the first time in a decade, the theme of the World Economic Forum is in plain English and might actually mean something. Davos is discussing "The New Global Context."  More

Opinion: Don't just write a check! Get involved

Christopher Catrambone used his experience and money to launch a charity to rescue migrants attempting the risky sea crossing from Africa to Europe.  More

Why Paul Krugman is scared of China

For economist Paul Krugman, the challenges facing China's economy are enough to keep him up at night.  More

Patriots win hurts Super Bowl ticket prices

Prices dropped as the New England Patriots pulled away with a win Sunday, the victory that sent them to the Super Bowl. The average ticket was selling for $2,879 on Monday, a 20% drop from last year.  More

Winners and losers in oil's plunge

Plunging oil prices have worried Wall Street but the overall U.S. economy will be one of the big winners from the lower prices.  More

America's richest oil tycoons

Oil prices are plunging, but not everyone is losing money. These billionaires with large holdings in oil businesses have gained and lost huge sums in the last six months.  More

Plunging oil prices won't solve China's economic problems

Falling global oil prices may be wreaking havoc on oil-producing countries, but for major oil importers like China, it's providing a bit of a boost.  More

Oil producers caught in a perfect storm

Energy companies and emerging market oil producers may have to endure five years of pain before oil prices recover.  More

State of the Union spoilers: What you need to know about Obama's proposal for the middle class

The White House has made it clear recently: President Obama intends to use Tuesday's State of the Union address to make a statement about where Democrats stand on a key issue ahead of the 2016 election -- the middle class.  More

Oil tycoon lost $9.2 billion in six months

Falling oil prices have hit billionaire Harold Hamm, and his wealth has plummeted 50% in just six months.  More

December consumer prices fall most in 6 years

Oil prices continue to weigh down on inflation, a key measure for a healthy U.S. economy  More

Davos: What you need to know

Political leaders, CEOs, celebrities and thinkers are gathering in Davos this week to discuss the world's most pressing issues.  More

7 biggest losers from Swiss currency blowout

Swiss watchmakers, chocolate lovers and even the tennis star Roger Federer are expected to take a big hit now that Switzerland's currency has skyrocketed.  More

Amazon using Luxembourg as tax shelter - EU

Luxemburg might be giving Amazon an unfair advantage by helping the company slash their tax bill, the European Commission said.  More

Opinion: EU must end austerity and restructure debt

Europe must embrace an alternative economic strategy or face many more lost years, argues Podemos, a new Spanish opposition party that is leading opinion polls before elections later this year.  More

Venezuela lacks a lot more than McDonald's French fries

The country is on the verge of default and is begging China and OPEC for help.  More

Swiss companies and currency brokers bleed

Swiss stocks plunged again and currency brokers licked their wounds Friday as markets reeled from the country's shock move to stop pegging the franc.  More

China growth expected to miss government target

China is poised to report full-year growth that falls short of the government's official target.  More

Victims of cheap oil: Schlumberger cuts 9,000 jobs

The dramatic drop in oil prices is good for customers' wallets, but bad for those in the oil business.  More

Mortgages are cheap. Time to refinance

Mortgage applications rose nearly 50% last week as Americans rush to refinance at below 4% rates.  More

Most Americans feel they are falling behind

The majority of Americans feel they are falling behind the cost of living.  More

Tom Hanks: 'Community college made me what I am'

The Oscar winner applauds President Obama's plan to provide free community college for millions of Americans.  More

Texas braces for another oil bust

Texas is feeling the heat of the oil price crash. Oil veterans know just how bad it can get.  More

Target Canada is going out of business

Target Canada is closing down amid financial difficulties. The move affects 133 stores that employ 17,600 people.  More
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