House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Microsoft beat on top and bottom lines but Azure growth slowed.Technologyread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Business advocacy organizations sharply criticized the House of Representatives for passing a bill to raise the minimum wage to $15, saying it would be a costly job killer.Politicsread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
Tiger and goats exist at the opposite end of the food chain — but sometimes the humbler animal can win out.
That's proved to be the case at a remote Russian safari park, where a goat designated as dinner for a Siberian tiger has instead turfed it out of its own shelter.
Timur the goat now sleeps in Amur the tiger's sleeping place, while the big cat beds down on top of his snow-covered shelter.
The fearless goat also chases Amur around his enclosure and was named Timur after a courageous kid in a popular Communist-era children's book.
Is there an economic parable in this?
Well, in macroeconomics, China is sometimes grouped with South Korea, Singapore, Hong Kong and Taiwan as a "tiger economy" — a term used in reference to the fast economic growth of these countries
But in the opinion of Bhanu Baweja, head of emerging market cross-asset strategy at UBS, today's tiger economy is actually the U.S.
Apparently, it's a shy tiger, a bit like Amur.
"I think it is the U.S. — in the developed market. It may be a similar tiger to that one — it may not be the boldest tiger," Baweja told CNBC on Friday.
"But in relative terms, I supposed it is the economy that is coming back. The economy, that mind you, has delevered, as against to a lot of EMs, (emerging markets) which have relevered quite a lot, so I think the U.S. is looking relatively better."
So who's a "goat" economy then? Baweja agreed with CNBC that it could be that classic "tiger" of… China.
Despite the much-hyped slowdown in China since 2010, its economy is seen growing 6.8 percent this year by the International Monetary Fund, as opposed to forecast expansion of 2.6 percent in the U.S.
The U.S. remains the world's biggest economy, but China is chasing its heels — a little like Timur the goat.
The relationship between the two nations can be tense, as China vies to compete with U.S. for clout on the international stage. Amur and Timur are getting along though, so could this bode well for future Chinese-U.S. diplomatic relations?
In Chinese astrology, a relationship between a person born in the year of the tiger and one born in the year of the goat at first appears impossible due to their stark differences of personality and priorities.
"While the Goat is a shy and retiring creature, the Tiger is known to have a large circle of friends and admirers," Futurescopes.com says.
But should the goat and the tiger work to build a relationship, there is a good chance they can resolve their differences apparently.
"The Tiger and Goat may come together is in their common helpful natures. While the Tiger has a marked altruistic nature, which is devoted to working out solutions and systems for the betterment of humanity, the Goat too has a strong nurturing instinct," Futurescopes.com says.
— By CNBC's Katy Barnato. Follow her on Twitter .