Tudor Investment Corporation’s Paul Tudor Jones today found himself in the middle of a firestorm of his own making when the Washington Post published a video of a speech he gave last month. During that ...

Everything old is new again. Procter & Gamble is the latest company to bring back a former CEO to replace its outgoing one. Just last month, retailer JC Penney pulled the same trick. The moves could reflect ...

After a few losing investments, activist investor Bill Ackman finally scored a win today. Procter & Gamble announced that Alan George “AG” Lafley is coming out of retirement to replace Bob McDonald. Just ...

The numbers: Good. Clothing retailer Gap reported a 43% jump in net income, beating expectations. Net sales increased by 7% to $3.7 billion. But analysts had forecast higher annual profits than Gap’s estimate ...

Japan’s major stock index, the Nikkei 225, plunged 7.3% today. For a country that’s supposedly growing at a rate of 3.5% per year, such a large one-day drop is out of character. There are plenty of reasons ...

A new Pew Research report on emerging economies finds that almost a quarter of Americans have trouble affording food. “This reported level of deprivation is closer to that in Indonesia or Greece rather ...

This is a response to Thane Richard’s piece “Students are the victims and culprits of India’s broken higher education system.”  I went to two of the best colleges in Kerala for my bachelors and masters: ...

Apple was under scrutiny this week for allegedly dodging corporate income taxes on big chunks of its profits in recent years, much of it through controversial but perfectly legal maneuvers involving overseas ...

Square, which allows anyone with a smartphone to take credit-card payments, is now doing business in Japan. It is the third country, after the United States and Canada, where the company has made its industry-disrupting ...

Time for a reality check. If Ben Bernanke is talking openly about starting to ease off the economic gas pedal that is quantitative easing, it’s only because the US economy is mucho robusto. And the economic ...

Every few weeks, some tech writer holds up a media analyst report allegedly showing, once and for all, that the cable guys have finally lost, and the cord-cutters have finally won. One week, that report ...

When Tesla Motors paid off its $451.8 million US government loan four years early, the Silicon Valley company gave a boost to the Obama administration’s much-maligned program to jumpstart the electric ...

With a belligerent, nuclear-armed neighbor led by a messianic millennial on its border, you’d think that reducing greenhouse gas emissions would rank low on South Korea’s to-do list. Yet the country plans ...

Bitcoin backers have big dreams—dreams of reinventing the financial system based around a currency not issued by governments and not subject to the whims of central banks. But the cryptocurrency’s volatility ...

So is it legal or not to use Airbnb in New York City? Earlier this week, a New York City judge likened an apartment rented out through the online service to an “illegal hotel” and fined the offender, Nigel ...

We’re awash in proclamations of the death of the PC, but you wouldn’t know it from the latest quarterly earnings of China’s Lenovo Group. The world’s second-largest maker of computers reported a surprising ...

Over the last few weeks, my startup conducted pilots of our adaptive math iPad app in 12 different classrooms across the country. Many of our hypotheses were confirmed and many were unraveled, but no conclusion ...

“Don’t throw good money after bad.” Any student of economics knows this basic rule, which states that rational agents should not take irrecoverable or “sunk” costs into account when making decisions about ...

It was too good to last forever. For most of 2013, the effortless stride of the US stock market has coaxed more and more investors—both retail and pros—into stocks. Before yesterday’s stumble, US stocks ...

Earlier today, European Central Bank commissioner Ewald Nowotny warned that the euro zone recession in 2013 could be even worse than the -0.1% growth expected. A slew of preliminary data from this month’s ...

With the latest round of surprisingly dismal manufacturing data, there is no longer much doubt that China’s economy is sputtering, with tepid domestic demand unable to counteract weakness abroad. The question ...

Japan’s Softbank is taking an extraordinary step to make sure its bid for Sprint Nextel goes through: effectively giving the US government a seat on the board to assuage its fears that Chinese equipment ...

What to watch for today Justifying drone strikes. Obama will lay out the rationale for his heavy use of drones to kill suspected terrorists, a day after his administration finally admitted killing four ...

The numbers: They were good. PC maker Hewlett-Packard reported a 32% decline in profit, but that still beat analyst expectations. Net revenue was also down by 10%, but the company raised the lower end ...

Argentina’s steaks are world-renowned, but good luck finding one these days. Argentines have become oddly bashful about sharing their beef. That’s what their country’s mind-boggling red meat exports suggest, ...

In takeover wars for a company, it’s normal for the fighting to get a little dirty. But Dish Network’s latest accusations against Japan’s Softbank—both of which are vying to buy Sprint, the US’s number-three ...

Toronto mayor Rob Ford may be smoking crack. Disgraced congressman Anthony Weiner just launched a bid to run for New York City mayor. London mayor Boris Johnson has a secret lovechild. Osaka mayor Toru ...

From the look of the financial markets, you’d think Ben Bernanke just told Congress he was washing his hands of the feeble US economy and letting markets fend for themselves. But of course he didn’t. Fedspeak ...

In the United States, it seems, corporations are people too—except when it suits them not to be. In this week’s Congressional brouhaha over Apple’s overseas tax-avoidance schemes, the chief solutions proffered ...

At a time when customers are growing comfortable depositing checks on their smartphones, it may come as a surprise that the ATM is a key area of innovation for banks. Rather than being earmarked for retirement, ...

China Galaxy Securities Co., which is majority owned by one of China’s sovereign wealth funds, raised $1.07 billion in its Hong Kong IPO today—capital that will go toward building up its margin financing ...

Even though Tesla’s recent sales numbers painted a positive picture for the often beleaguered company, it’s still very early days for the electric vehicle market. The availability of EV charge points has ...

The US government’s price-fixing lawsuit against Apple goes to trial next month in New York. Ahead of its court date, the US released emails that purport to show Apple was the “ringleader” in a scheme ...

Bloomberg terminals have become pretty much indispensable to investors, and one of the key reasons, besides their news and data, is their private chat feature, where much of Wall Street’s conversation ...

Will one of the retailers for the 1% get a new owner? Luxury department store retailer Saks Fifth Avenue is exploring a sale, according to media reports. Although luxury goods sellers have fared better ...

With the US economy looking kinda-sorta okay—or at least more okay than it’s looked since the financial crisis hit—the chatter has once again turned to the Federal Reserve’s “exit strategy.” In other words, ...

The numbers: Weak. Target warned investors that this quarter would be ugly. Total quarterly revenues declined by 1%. Profits declined by 29%. Same-store sales fell 0.6% and the company cut its profit outlook ...

This article has been corrected. Fisker may have designed the hybrid car sometimes called the “most beautiful of the 21st century,” but that hasn’t stopped it from teetering on the verge of bankruptcy. ...

This originally appeared on LinkedIn. You can follow Daniel Goleman here  A Chinese friend writes that last week President Xi, the new national leader, told a graduating class that Emotional Intelligence is ...

I recently read an article on the Kafila blog—more like an angry, reflective rant—written by some students from St. Stephen’s College in Delhi.  To quickly summarize, the piece criticized the draconian ...

It’s been said that soccer tells us all we need to know about life, parenting, even globalization. Now a Singapore-based blogger says soccer can tell us which Middle East or North African government will ...

What to watch for today Bernankean smoke signals. The Federal Reserve chairman testifies before Congress the same day the Fed releases minutes of its most recent meeting. Investors will be looking for ...

Activist investor Dan Loeb’s call to partially spin off Sony’s entertainment division got a remarkably civil response on Wednesday, as Sony said it would discuss the proposal with its board. Japan’s Nikkei ...

Qihoo 360’s grand ambition to take on China’s search giant Baidu came one step closer to being realized this week with the launch of 360.etao.com, a Chinese language online shopping search engine which ...

If Walter White were Taiwanese, he might be making a poisonous chemical that makes processed food crispier. According to a Taiwanese legislator, a retired high school chemistry teacher has been teaching ...

China appears to have beaten back the latest strain of bird flu, according to global health authorities, but at no small cost. A total of 36 people have died, and UN experts said on Tuesday that the economy ...

As new data from Japan shows, just because your exports are cheaper doesn’t mean people can afford them (or, in the case of China, want to buy them at all). Despite the yen-weakening effects of Abenomics, Japan ...

The family of a US engineer found dead in Singapore last year has disavowed the ongoing coroner’s inquest into his death, saying they “no longer have confidence in the transparency and fairness of the ...