Debt-struck Madrid is betting its penny-pinching bid to host the Olympics in 2020 will reap rich economic dividends for recession-hit Spain. The Spanish capital is banking on a low-cost $5 billion (3.8 billion euros) Olympic bid that relies heavily…
US auto sales continued to accelerate in August, as GM, Toyota, Ford and Chrysler posted double-digit gains Wednesday. Ford forecast that total industry sales would rise 17 percent in August once all automakers report results. That would translate to…
The average price per gallon for all formulations of regular gasoline was $3.608 per gallon in August, the U.S. Energy Information Administration reports. … Read more
As surprising as it may seem, according to a paper from the Brookings Institute, benefits paid out under the Supplemental … Read more
Once again we are starting to see the two leading weekly store sales indexes diverge from one another. The ICSC-Goldman … Read more
The monthly international trade deficit was $39.1 billion in July, the U.S. Bureau of Economic Analysis reports. This is an increase from June’s revised … Read more
Irish low-cost airline Ryanair issued a shock profit warning on Wednesday, sparking a share price plunge. The airline said the group’s annual net profits could miss forecasts owing to intense competition and falling airfares. The gloomy news sent shockwaves…
Barclays will launch a £5.8-billion rights issue next week to help meet a regulatory demand to plug a hole in its balance sheet, the British bank said on Wednesday. The bank will sell the new shares on September 13 priced at 185 pence each — a steep…
New data on Wednesday confirmed that the eurozone escaped an 18-month recession in the second quarter but the outlook is difficult and the bloc still lags well behind in global terms. Analysts welcomed the figures, which reinforce other survey findings…
Top US lawmakers began rallying behind President Barack Obama’s plan to launch military strikes against Syria to warn the regime and nations like Iran that the world will never condone chemical weapons. After a passionate plea by US Secretary of State…
By Christopher M. Schroeder On September 3, 2013[This is an excerpt from the forthcoming book, “Startup Rising” by Christopher M. Schroeder. Copyright © 2013 by the author and reprinted by permission of Palgrave Macmillan, a division of Macmillan Publishers…
ELON MUSK has made a career out of confounding the experts. When he promised to slash the cost of spaceflight he was told it could not be done; nowadays SpaceX, his rocketry firm, charges around half what its competitors do and has a bulging order book…
Forecast the German election with our coalition tracker ON SEPTEMBER 22nd Germans go to the polls. The six main political parties have enjoyed fairly consistent popularity ratings over the past year. Yet a change of just a few percentage points could…
With its purchase of Nokia’s handset business, Microsoft is making a bold, risky bet to gain traction in the smartphone market after missing the tech sector’s shift to mobile. The deal worth $7.2 billion (5.44 billion euros) gives Microsoft Nokia’s…
Almost 12 percent of adults in China had diabetes in 2010, with economic prosperity driving the disease to slightly higher proportions than in the United States, researchers said Tuesday. The overall prevalence of diabetes in China in 2010 was found…