Articles By Moran Zhang
If Milton Friedman were alive today, he would be 100 years old. The Nobel-prize winning economist has transformed the way many people think about the government and economic policy.
Germany's biggest bank, Deutsche Bank AG (NYSE: DB), is laying off 1,900 people, most of them outside Germany, in an effort to save €3 billion ($3.68 billion), as part of a broader strategic overhaul.
China's economy may be slowing down, but the country hasn't lost its luster.
The week is chock-full with data releases that will confirm if the summer malaise continued in July. As always, Friday's employment report will carry the most weight. Another highlight of this week is the much-anticipated Federal Open Market Committee meeting on Tuesday and Wednesday.
While many headlines in recent months highlighted the "sluggishness" of U.S. job creation, the U.S. labor market is actually actively stitching together its wounds.
The second-quarter earnings season is in full swing, and investors will hear next week from several more major players, including AIG, Kellogg, Procter & Gamble, Kraft Foods, Pfizer, Mastercard and General Motors.
The U.S. shale gas boom will not lead to a near-term surge in U.S. gross domestic product growth or to a substantial decline in the unemployment rate, according to HSBC Chief U.S. Economist Kevin Logan.
Read on. You may be surprised -- and even horrified -- by the answer.
Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 67 percent jump in its second-quarter profit that topped analysts' estimates and boosted its full-year outlook as demand increased from North American builders and overseas miners.
Shares of Netflix Inc. (NASDAQ:NFLX) plunged 14.5 percent, to $68.73, in Tuesday's after-hours trading even as it reported better-than-expected earnings.