Sterling tumbled following minutes released by the Bank of England and disappointing retail sales, as the IMF warned the U.K. is at risk of "permanent damage" if its growth remains persistently slow.
Yahoo CEO Marissa Mayer tells CNBC the $1.1 billion deal for Tumblr is "part of enhancing our growth story" and the company will remain independent, even under Yahoo's ownership.
As investors and analysts size up Yahoo's latest $1.1 billion acquisition, it is worth reflecting on the GeoCities deal, which has many similarities, the NYT reports.
In the wake of Yahoo's announcement on Monday that it's snapping up Tumblr for $1.1 billion, the attention has shifted to which companies could be next.
Ireland said on Tuesday it was not to blame for Apple's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits.
The Dow is up nearly 22 percent since mid-November. Many think the market's overdue for a pullback, but historical correlations indicate that it may not be.
College administrators better take a hard look at what they're offering students if they hope to weather a coming online storm, says a former Secretary of Education.
According to a CBO report, tax hikes outweigh spending cuts by 6-1. Henry Blodget, Business Insider, and Jim Pethokoukis, American Enterprise Institute, discuss.
Abe will have a tough job trying to convince his G-8 colleagues next month that his "three arrows" stimulus program is not just a subterfuge to boost exports, says this economist.