Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
What's the difference between you and someone like Warren Buffett? For one thing, he's likely to be on the IRS' list of the top 400 earners based on annual income tax returns. You'd be on the list too, if you made more than $140 million in 2012, the latest year available.
That's the cutoff for inclusion on the tony list, a spot only 4,321 taxpayers can boast since the IRS began collecting the data in 1992. Some 114 taxpayers have appeared on the list 10 times or more. (Tweet This)
But that's not the only thing keeping you from the 400 Club: Capital gains made up at least 68 percent of the income for the top 400 earners in 2012, a record total of $92 billion. Capital gains made up a paltry 9 percent of income for all taxpayers.