Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
Before the winner would even get a dime, more than $54 million would be withheld for federal taxes. Much more would likely be due at tax time.Personal Financeread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
President Vladimir Putin will survive Western sanctions and lower oil prices but the Kremlin chief has brought such stagnation that Russia could eventually collapse, former tycoon Mikhail Khodorkovsky said Thursday.
Russia's richest man, who was arrested in 2003 after falling foul of Putin and released in 2013, told Reuters that Putin could survive oil prices of $45 per barrel but that the longer he stayed in power the greater the risks for Russia.
He said Putin, who became Kremlin chief on the last day of 1999, had shunted Russia back to the stagnation which sapped the power of the Soviet Union in the 1970s under Leonid Brezhnev.
"Russia has plunged back into a situation similar to the end of the 1970s," Khodorkovsky told Reuters in London. "We are in the final stages of the Brezhnev stagnation period. Putin is younger so unfortunately this [stagnation] may last longer."
Khodorkovsky, who once controlled Russia's biggest oil company, YUKOS, said he thought the West would ease sanctions on Russia eventually under pressure from business.
"If you are asking whether Russia will survive in its current borders when Putin goes, then I would say the chances of it surviving if he goes in the next 5-8 years are bigger than if he goes in the next say 15 years," Khodorkovsky said.
"I am talking about the survival of Russia in its current borders," he said.
Khodorkovsky said Russia's political and economic situation was not tense enough for a revolution in the short term as living standards have not fallen steeply enough to anger the population.
"Putin has a good chance of remaining in power for a long period of time," he said.