An oncoming wave of oil industry job cuts and restructuring is only the first inning of a long game, experts tell CNBC.
Investment guru Bill Gross projected that the Fed will raise rates this year, but that a cautious approach will ease the pain.
Hedge fund profits have dropped because of poor returns in 2014, Citigroup said in a report on Thursday.
Apple has tied with Samsung to become the number one smartphone vendor in the world.
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