Economic News

  • 3 things you need to know about the tumbling euro

    The single currency hit its lowest level vs. the dollar in 12 years. That's great news for Americans looking to take vacation across the pond but raises all kinds of issues for investors and Fed chairs alike.

    Yahoo Finance
  • Obamacare gets cheaper

    It's good news for every American who purchases health insurance.

    Yahoo Finance
  • The China Syndrome: It's getting rough but US firms can't quit China

    A new Chinese law "would essentially force all foreign companies, including U.S. companies, to turn over to the Chinese government mechanisms where they can snoop and keep track of all the users of those services," President Obama warns.

    Yahoo Finance
  • Yellen says the Fed will be less predictable

    The Federal Reserve chair told the Senate Banking Committee on Tuesday the central bank is in no hurry to raise rates. Yellen once again stressed the word "patience."

    Yahoo Finance
  • Rent affordability will deteriorate over next two years: Zillow CEO

    The rent is too damn high...and it's staying that way

    Yahoo Finance
  • Blodget: We have enough jobs, they just need to pay better

    Jobs die out. Technology creates new ones. But are there enough good paying jobs to replace the ones that are disappearing? It's an old question sparking new debate.

    Yahoo Finance
  • Rand Paul defends his war on the Fed

    It’s a rivalry almost as old as the Yankees and Red Sox: A politician with the last name Paul versus the Fed. The latest iteration comes from Sen. Rand Paul who wants to audit the central bank and is pushing for more Congressional control over monetary policy. Based on the reaction in Washington,…

    Yahoo Finance
  • March Madness Crib Notes: Duke vs. Gonzaga

    After an exhilarating Saturday that saw Wisconsin beat Arizona yet again with a Final Four on the line, followed by undefeated Kentucky barely squeaking past a Notre Dame team that outplayed them for a significant portion of the night, what can Sunday’s Regional Final games do for an encore? For…

    FiveThirtyEight
  • Iran nuclear talks race towards deadline

    Global powers were due to gather with Iran Monday, seeking to slot into place the last pieces of a complex puzzle to curtail Tehran's nuclear programme as diplomats said tentative agreement on some parts had been reached. US Secretary of State John Kerry will lead the team of six world powers --…

    AFP47 mins ago
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  • Dollar subdued as Fed drives home patience message

    The dollar started trade on Monday pretty much where it closed in New York after the head of the U.S. central bank assured investors that the path back to 'normal' interest rates will only occur at a gradual pace.

    CNBC
  • Asia data this week may spell more stimulus

    Disappointing economic data from some of Asia-Pacific's largest economies this week could intensify calls for more monetary easing, economists warn.

    CNBC
  • Afghan MP survives suicide attack, three dead: officials

    A prominent Afghan MP escaped a suicide attack Sunday that killed three people including a child and left seven others wounded, officials said, just days after Washington announced it would slow the withdrawal of US troops from Afghanistan. President Barack Obama last Tuesday reversed plans to…

    AFP
  • Execs at Dutch bank ABN Amro give up pay rises after uproar

    Dutch state-owned bank ABN Amro on Sunday said its board members had spurned a 100,000-euro pay rise following public outrage. "The six members of the ABN Amro managing board have renounced the 100,000-euro ($108,000) allowance paid to them for 2014 as partial compensation for the loss of variable…

    AFP
  • Greece seeks 'happy ending' as creditors mull loan deal

    Greek Prime Minister Alexis Tsipras said in remarks published Sunday he hoped key talks with international creditors would yield a "happy ending" in the standoff over the country's crippling debt crisis. Athens is set to present a list of economic reform proposals to international creditors this…

    AFP
  • Thousands call for vote re-run in Nigeria's Rivers state

    "We are here to register our protest that there was no election in Rivers state yesterday (Saturday)," Rivers state governorship candidate Dakuku Peterside told the crowd. Peterside alleged that APC supporters across the southern state were "disenfranchised by INEC, working in connivance with…

    AFP
  • Swiss Dufry to buy Italy's WDF to create duty free giant

    Switzerland's Dufry group will acquire majority stake in chief rival World Duty Free (WDF) in a $3.8 billion (3.6-million-euro) deal to create the biggest travel retailer in the world. The Basel-based company will shell out 10.25 euros per share for 51.1 percent share in airport tax and duty free…

    AFP