The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Economists don't expect Brazil's economy to get an immediate boost from hosting the 2014 World Cup, but some say the long-term benefits will be 'priceless.'
"The net gains… will be substantial, but they are unlikely to be realized during the event; the gains will come in the years following the event and will be indirect," said Walter Boettcher, chief economist at Colliers International.
According to Colliers' report 'FIFA World Cup 2014: Brazilian Goals' published Wednesday, the benefits of hosting the World Cup are not purely financial, but rather linked to a nation's 'branding' in the international community.
"Playing host will immediately raise the global profile of a country and might even change perceptions of the host nation, resulting in increased tourism and political benefits and alliances, but accrue over many years," said added Boettcher.
"The World Cup will act as a giant advertisement for Brazil and its host cities, showcasing them as places in which to invest, visit and live," he added.
The report highlighted how South Korea, China and South Africa's international profiles benefited from hosting the World Cup in 2002, 2008 and 2010.
Furthermore, it noted that Brazil's is set to host the 2016 Olympics in Rio de Janeiro which should provide a "double whammy" effect for the country's economy.
The report noted Brazil will see other benefits including infrastructure improvements that might not have been realized otherwise. Newly-built stadiums could also catalyze urban economic and real estate development, it said, especially in Sao Paulo, Recife and Cuiaba.
Another crucial but less measurable benefit will be the feel-good factor, as a World Cup event tends to boosts patriotism and national unity for the host country.
"In the history of the World Cup, it is hard to underestimate the 'feel good' factor that arose in England during the 1966 World Cup… Similarly, the 1974 World Cup, hosted and won by West Germany, helped to confirm West Germany's economic, social and political rehabilitation and success," said Boettcher.
Many Brazilians are less optimistic about the World Cup's positive economic impact, as the economy teeters on the brink of recession. Growth has declined significantly over the past few years. In 2013 the economy expanded 2.3 percent, down sharply from 7.5 percent in 2010. It's expected to grow around 1.8 percent this year.
However, the Colliers International economists said the costs of running the event – which the BBC has estimated at nearly $15 billion – should be paid back into the economy over time.
"The cost per attendee is around $1,300, however, this doesn't take into account the positive revenues generated by broadcast deals, corporate advertising and merchandising. For many, hosting the event is considered as priceless," added Boettcher.
Around 600,000 tourists are expected to travel to Brazil during the event, injecting $3 billion into the economy, according to official estimates, but a drop in the bucket in context of Brazil's $2 trillion economy.
Not all analysts are convinced, however.
Capital Economics published a note earlier this month arguing that the event will provide little boost to the economy because crucial structural problems are yet to be addressed.
Some locals might agree. Excessive spending on stadia and infrastructure and efforts to 'clean up' Brazil's slums has resulted in anti-World Cup protests and clashes with police.