Economy

India looks for economic magic in new budget

The government of Prime Minister Narendra Modi is set to reveal its second budget, an event so highly anticipated that TV news channels have doubled their advertising rates around Saturday's presentation.  More

China under pressure as money floods out of the country

China's yuan has lost nearly 1% against the dollar so far this year, after falling 2.5% last year, putting pressure on the country's financial system.  More

Ruble collapse makes bribery more expensive for Russians

Soaring prices and the weak ruble are creating corruption inflation in Russia, where the cost of an average bribe shot up 37% in 2014.  More

Asian Americans are quickly catching whites in the wealth race

Asians' wealth soars, thanks to higher rates of college degrees.  More

Condom maker surges after South Korea legalizes adultery

South Korean highest court scrapped its anti-adultery law -- and sent the shares of the country's biggest condom maker surging.  More

The world wastes $400 billion in food every year

Over $400 billion worth of food is wasted by consumers each year, according to a new report by a U.K. nonprofit organization called WRAP.  More

It's official: America has deflation

The U.S. economy deflated in January for the first time since 2009. The reason? Cheap gas.  More

Europe's gas power play against Russia

Europe is ready to launch an antitrust battle with Gazprom in the face of Vladimir Putin's threats of cutting off Ukraine's gas.  More

Yes, investors now pay to lend Germany money

Germany just issued its first 5-year bond with a negative yield, which means investors are making a loss.  More

T.J. Maxx to hike minimum wage for workers

TJX Companies, which owners T.J. Maxx, Marshall's and Home Goods, says workers will get $9 an hour later this year, and $10 an hour by 2016.  More

The next debt ceiling crackup

Federal tax revenue has ticked up recently -- and that will give lawmakers more time before having to address the debt ceiling. But that extra time could put the debt ceiling decision smack up against the October 1 spending deadline.  More

Janet Yellen: Too many Americans aren't making it

The Federal Reserve chair pointed out again that Corporate America is winning, while workers are struggling.  More

Tipped workers in New York will get a raise

Waiters, bartenders and other tipped workers will be paid at least $7.50 an hour starting Dec. 31.  More

Elizabeth Warren brings a new fight for the middle class

Senator Elizabeth Warren and a colleague announced they're launching the Middle Class Prosperity Project, which her office says will look at "how the nation's economic system has been rigged against the middle class over the past several decades."  More

Want a raise? Join a union

Union workers typically make far higher wages than their non-union peers.  More

Greece's reform plan backed by creditors

Greece's creditors have approved a list of economic reforms drafted by the country's new government, allowing for a four-month extension of its financial lifeline.  More

Greece: We'll fight on against austerity

Greek finance minister Yanis Varoufakis promises to continue the fight against austerity and implement all his campaign pledges.  More

The Federal Reserve's 'Game of Thrones'

Don't expect Janet Yellen to get a warm welcome as she goes before Congress this week.  More

Oscar winner Patricia Arquette calls for pay equality for women

The wage gap in Hollywood and across America gets attention during the Oscars broadcast.  More

Cheap oil is crushing North Sea industry

Britain's North Sea oil industry is suffering its worst losses in four decades due to the price slump and rising production costs.  More

Britain is better off in Europe, top banker says

HSBC, the world's second largest bank, is worried about the risk of the U.K. quitting the European Union.  More

Five reasons why Venezuela may be the world's worst economy

Here are five reasons why Venezuela's economy is bordering on the edge of lunacy.  More

Workers at nation's largest oil refinery join growing strike

While nationwide contract talks between the union and management continue, workers at the nation's largest refinery have joined a strike that now has more than 6,500 U.S. oil workers off the job.  More

Europe gives Greece another four months

Europe has agreed to extend its financial lifeline to Greece by four months provided it comes up with a list of acceptable economic reforms.  More

White House extends Obamacare deadline, admits subsidy snafu

Administration extends Obamacare enrollment period for those who owe penalty for being uninsured in 2014.  More

Starbucks CEO Howard Schultz calls out Giuliani for 'offensive' Obama comments

Starbucks CEO Howard Schultz blasted former New York Mayor Rudy Giuliani for questioning President Obama's "love" for his country.  More

Brazil's scandalous boom to bust story

Brazil was the poster child of economic success five years ago. Now its economy is struggling. What happened?  More

Even insured consumers get hit with surprisingly large bills

Consumers with health insurance who unknowingly go out-of-network can end up with huge bills. Some doctors and hospitals want them to pay what their insurer doesn't.  More

First peek into secretive European Central Bank meetings show division

The first-ever peek inside the normally-secretive European Central Bank's monetary policy meetings shows bankers were divided over the landmark stimulus program.  More

Greece asks Europe for a loan extension

Greece has asked its group of European creditors to give it a six-month loan extension to ensure the country can continue paying its bills and remain in the eurozone.  More

Truck drivers are big losers in port dispute

Thousands of nonunion truckers can't pay their bills due to the labor dispute slowing cargo through West Coast ports.  More

The eurozone is broken. Will Greece pay the price?

Forget for the moment the political posturing and the flexing of muscles in Eurogroup meetings. The real issue is whether the mechanisms that the eurozone has set up to support members -- or bail them out -- work.  More

Whites have 12 times the wealth of blacks

Blacks and Hispanics lag far behind whites when it comes to building wealth.  More

Stocks: Robert Shiller is buying Europe

The Nobel prize winning economist warns U.S. stocks are expensive. The best deals he sees are in Italy and Spain.  More

Shinzo Abe to Japan, Inc.: Raise wages or else!

Prime Minister Shinzo Abe would really like Japanese companies to do something they'd rather not: give workers a raise.  More

Chinese New Year 2015: A fortune teller's take on the economy

Lunar New Year is right around the corner, and many Chinese are consulting fortune tellers. But what does the Chinese zodiac say about the world's second-largest economy?  More

Obamacare sign ups top 11 million

About 11.4 million Americans have signed up for Obamacare. Open enrollment ended Feb. 15, but those who couldn't finish by then have a few more days.  More

California's oranges are rotting on the docks

The container ships that are the United States' pipeline to and from Asia are sitting idle off of the West coast, with no one to load and unload them.  More

7 reasons Grexit wouldn't be a total disaster

Here are 7 reasons why Greece's exit from the euro might be much less of a deal now than in 2012, the last time the currency bloc was at the bring of collapse.  More

Blizzard mania costs U.S. over $1 billion

Boston has been doused with snow and the costs are adding up. But it's actually not as bad as last year.  More

Japan's recession is over - but keep the champagne on ice

Japan's recession is over. But that's where the good news ends for Asia's second-largest economy.  More

Obamacare enrollment's race to the finish

Want Obamacare insurance? Open enrollment ends Sunday.  More

No sign of agreement ahead of Greece bailout talks

Greek and eurozone leaders showed no sign of agreement ahead of a crucial bailout meeting in Brussels.  More

I have to pay back my Obamacare subsidy

Many Obamacare enrollees underestimated their income for 2014. Now they have to pay back some or all of their subsidy.  More

Is ending segregation key to ending poverty?

Chicago's experiment in relocating poor African American families to rich white suburbs seems to be a success. So why are so few other cities doing the same?  More

Grim economic news piles pressure on Greece

The grim threat of a new recession and plunging tax revenues are piling pressure on Greece's new anti-austerity government to strike a deal with its creditors early next week.  More

Europe's economic engine starts to purr again

Germany gave Europe's fragile economy a shot in the arm in the fourth quarter as its shoppers opened their wallets.  More

Recreational pot: $53 million in tax revenue to Colorado

But more people are still buying on the black market than expected.  More

Opinion: Why is the West subsidizing Russia?

The West's new $40 billion lifeline for Ukraine is an important display of support but some of that cash will end up supporting Russia because of a flawed gas deal.  More

You'll pay a lot more to see the doctor with Obamacare

Deductibles, co-payments and drug costs are much higher under Obamacare than for job-based health insurance policies.  More

Ukraine gets new $40 billion lifeline

War-torn Ukraine has secured a new $40 billion bailout package from the International Monetary Fund and others just as a new ceasefire is agreed.  More

Banks are supposed to pay savers, right? Not this one

When Denmark slashed interest rates this month, one bank decided to start charging savers for keeping cash in their accounts.  More

The car of the future

The auto industry is undergoing more changes now than any time in the last 80 years. What it will look like for you will largely depend on where you live.  More

Americans spend more on the lottery than on ...

Americans spend more lottery tickets than they spend on music, movies, books, video games and sports teams - combined.  More

A record 3,415 Americans ditch their passports

A record 3,415 Americans gave back their passports last year, queuing up around the globe to renounce their U.S. citizenship. The numbers have spiked a staggering 1,400% since 2008.  More

Saudi Arabia 'engineered' oil crisis: Dallas Fed chief

Oil traded above $100 a barrel in July. It now trades below $50. Richard Fisher says Saudi is largely to blame.  More

Rand Paul wants to 'Audit the Fed.' Why?

The senator says he just wants more transparency from America's central bank, but the Fed says it's a threat to U.S. prosperity.  More

Greek debt deal still far off after crisis talks

European leaders kicked off talks Wednesday aimed at averting a new crisis that could force Greece to drop the euro. There's still no obvious compromise in sight.  More

Obama criticizes Staples; Staples responds he doesn't 'have all the facts'

In interview with BuzzFeed, Obama criticizes Staples for reported threat to fire part-time workers who work more than 25 hours a weeks to avoid insurance.  More

Despite efforts, Latino enrollment in Obamacare lags

Latinos represent about a third of the nation's uninsured and signing them up for Obamacare has been harder.  More

Tim Geithner: Europe in a worse spot than Japan

Former U.S. Treasury secretary Tim Geithner said Europe would be "lucky" if it experienced the lackluster period of lost growth Japan has faced since the 1990s.  More

Will China or Russia rescue Greece? Probably not

As Greece prepares for a showdown with its European lenders, the country says it has other friends it could lean on. Namely, Russia and China.  More

Oil toll: Halliburton to cut up to 6,400 jobs

The oil-field services company is the latest to cut jobs in response to a slowdown in oil production.  More

End of OPEC is closer to reality

The surge in U.S. oil production has created an existential threat to OPEC, according to Citigroup.  More

UK to business: Pay your workers more!

Just months before an election, British Prime Minister David Cameron has called on businesses to give workers a pay rise.  More

Reaching deaf babies with implants, iPads and therapy

BabyTalk offers remote support to children who are deaf and hard of hearing by using iPads to communicate with therapists.  More

The 300 missing lottery millionaires

More than $2 billion in lottery prizes went unclaimed in 2013, and more than 300 of those tickets were worth $1 million or more.  More

Oil at $55 per barrel is here to stay

Oil prices will stay at $55 per barrel in 2015 before only gradually recovering to around $73 per barrel in 2020, a new report said.  More
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