With the stock market recently at all-time highs, it's more attractive to sell than buy, said private-equity billionaire Wilbur Ross.
Global equity markets slumped Thursday amid concerns over U.S. economic growth and weaker-than-expected data from China and the euro zone.
Stocks had their worst day in three months, as fears about the European banking sector and unease about U.S. quarterly earnings scared off investors.
Shares in one of Portugal's main banks, Banco Espirito Santo, were suspended from trading after dropping another 17 percent, Dow Jones reported.
Some U.S. states have cut taxes to lure businesses and create jobs, but the growth hasn't materialized. The Fiscal Times reports.
U.S. wholesale inventories rose in May, reinforcing the view that economic growth should surge following a weak first quarter.
The selloff in world markets Thursday because of concern over banks in Portugal is "relatively serious," trader Jim Iuorio says.
"All I know is that I disassociate from this," the company's former auditor told CNBC.
New U.S. claims for unemployment benefits fell last week to one of its lowest levels since before the 2007-09 recession.
Despite the SCOTUS ruling that suspended Aereo's service, the company is trying to operate again 'in accordance' to the ruling.
Data from a study of Sarepta Therapeutics' experimental drug for Duchenne muscular dystrophy suggest it helped slow declines in walking ability for almost three years.
Netflix earns 31 2014 Emmy nominations, including 13 for "House of Cards" and 12 for "Orange is the New Black."
A surge of Republican pressure is bringing the Fed's long-held independence into question again.
If you're looking for signs of a tech bubble, you don't have to do much searching these days.
Why do some tech start-ups, like Airbnb and Uber, disrupt their industries while others stumble? Four reasons, says an online CEO.
Costco Wholesale reported a 6 percent rise in June same-store sales that beat analysts' estimates, helped by higher fuel prices.
People who long had the toughest time affording health insurance—young adults, Latinos and the poor—have seen big drops in their uninsured rates.
IBM announced it will invest $3 billion in chip research and development in hopes of finding a game-changing breakthrough.
Harley is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year. The USA Today reports.
Women, more likely to end up widowed, must contend with how to manage a portfolio for one. Interference from the grave can get in the way.