Saturday, June 28, 2014
A judge Thursday denied Argentina's request to extend deadlines to repay a US$1.65 billion debt to U.S. hedge funds, leaving the nation few options and little time to meet a Monday deadline to make a required payment to the majority of its creditors.
The technology industry's predominantly white and Asian male workforce is in danger of losing touch with the diverse nation — and world — that forms its customer base.
Friday, June 27, 2014
U.S. consumers stepped up their spending only modestly in May, a disappointment to economists who said the weaker-than-expected gain will likely mean less of an economic rebound in the April-June quarter.
The number of Americans seeking unemployment benefits declined last week, the latest evidence that a sharp economic slowdown earlier this year hasn't caused employers to cut jobs.
Ikea's U.S. division is raising the minimum wage for thousands of its retail workers, pegging it to the cost of living in each location, instead of its competition.
A startup that captures over-the-air television for Internet viewing violates copyright laws, the U.S. Supreme Court said Wednesday in a landmark ruling affecting the tech and TV industries.
Thursday, June 26, 2014
The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago. But the setback is widely thought to be temporary, with growth rebounding solidly since spring.
Wednesday, June 25, 2014
Cuba has revised its 2014 economic growth forecast downward to 1.4 percent, Communist Party newspaper Granma said Monday, nearly a point off previous projections of 2.2 percent.
Saturday, June 21, 2014
Nearly 2 million people around the world became millionaires last year, a year-over-year increase of 15 percent, as surging stock and home markets lifted the fortunes of the wealthy. The increase raised the number of millionaires to a record 13.7 million.
Argentine stocks lost 4.9 percent Thursday, as the government warned it could default on its debt at the end of the month after it lost a U.S. court battle with bondholders.