The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
The Southeast Asian city-state of Singapore retained its title as the world's most expensive city for the second consecutive year, the Economist Intelligence Unit (EIU) said in a new survey.
In fact, the top five priciest cities ranked in this year's Worldwide Cost of Living Survey remained unchanged from 2014: Paris ranked second followed by Oslo, Zurich and Sydney.
"This façade of relative stability is deceptive, however, and it is extremely rare for an identical top five to be achieved in ranking the global cost of living," the EIU said.
Melbourne ranked sixth, with Geveva, Copenhagen, Hong Kong and Seoul rounding out the top ten. 2015 marks the debut of South Korea's capital on the list as its cost of living now matches that of Hong Kong.
Noticeably, major Japanese cities like Tokyo and Osaka – usually among the world's most expensive during the past two decades – were missing from the EIU's list due to weak inflation and the yen's devaluation.
The bi-annual survey ranks cities based on price comparisons across a basket of goods, including food, drink, clothing, home rents, transport, utility bills, private schools, domestic help and recreational costs.
Singapore remains the costliest metropolis to buy clothes, the report said, with price premiums in Singapore's principal shopping hub, Orchard Road, over 50 percent higher than New York.
The Southeast Asian city state also boasts transportation costs which are triple those of New York, largely due to its complex fee system to obtain a Certificate of Entitlement (COE) – the 10-year license that drivers must purchase to use a private vehicle.
Asian cities also were also the priciest locations for grocery shopping, with Seoul holding the highest price tags for everyday food items. For example, 1 kilogram of dried pasta costs $4 on the website of popular Korean supermarket Homeplus, double the price on American retailer Walmart.
Meanwhile, European cities like Zurich were the most expensive for recreation and entertainment activities, the EIU found, which may indicate a greater premium on discretionary income.
Indian cities dominated the list of the world's ten cheapest cities: Karachi ranked first, followed by Bangalore, Caracas, Mumbai, Chennai and New Delhi.
Venezuela's capital, which was the sixth most expensive in 2014, experienced a dramatic downturn over the past year as severe currency instability, falling oil prices and rampant inflation have pushed the metropolis into an economic crisis.
"In Venezuela the adoption of multiple exchange rates has made pricing Caracas almost impossible," the EIU said. "This fall [to the bottom five] will be compounded by a further decoupling of the various official rates in operation announced in February."