Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
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
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread 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
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread 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
Sens. Mitch McConnell and Tim Kaine introduced a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
McGahn is cited more than any other witness in special counsel Robert Mueller's 448-page Russia report.Politicsread 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
Despite high criticism from fans, the final episode of "Game of Thrones" shattered single-night viewing records Sunday, with 19.3 million tuning in to watch the finale.Entertainmentread more
Restaurants are thinking outside the box to attract and retain talent. A report from TDn2K, a restaurant analytics firm, finds that employee vacancies are a major concern for...Restaurantsread more
Chancellor Angela Merkel said on Saturday Germany would reduce government debt and invest in employment and infrastructure to extend the economy's upswing and prepare for any downturn.
In her regular weekly podcast, Merkel said the government would use its 2019 budget - due to be debated in parliament next week - to invest in helping the long-term unemployed get back to work with a view to achieving full employment by 2025.
Europe's largest economy is enjoying a sustained period of growth and unemployment is running at 5.2 percent.
This week, the Ifo economic institute raised its 2018 growth forecast for Germany to 1.9 percent from 1.8 percent previously, citing better-than-expected performance in the first half of the year.
Yet economic data this week pointed to industry taking a hit from U.S. President Donald Trump's protectionist trade policies.
Merkel, citing "very good tax revenue" this year, said her government planned to invest in roads, rail tracks and digital infrastructure, as well as reducing Germany's debt burden to 60 percent of gross domestic product (GDP), from 64 percent last year.
"We are providing for times when the economy may not be performing so well by investing and thus creating the conditions so that we can still have an economic recovery for as long as possible," Merkel said.
Der Spiegel magazine, quoting Finance Ministry figures, reported that in the first half of this year alone, the government enjoyed a budget surplus of more than 10 billion euros ($11.55 billion).
This surplus meant Finance Minister Olaf Scholz would not need to dip into a reserve fund for financing housing, catering and German lessons for refugees, Spiegel reported.
The fund has 24 billion euros and budget planning allows Scholz to use 1.6 billion of it this year, but the surplus means he will not need to, the magazine said.