Gold and silver prices are surging and the U.S. dollar is slumping. While that’s not great for consumers, investors are loving the dynamic.
Chains are no longer saturating the U.S. market before setting up lucrative yet risky overseas outposts. As our fast-food nation goes global, they just can’t afford to wait.
The dollar remained weak against its main trading partners Wednesday, after the Federal Reserve issued an unsurprising policy statement and Fed chair Ben Bernanke offered little salve for inflation jitters.
The dollar remained weak against its main trading partners Wednesday, after the Federal Reserve issued an unsurprising policy statement.
The dollar continued to weaken Wednesday against several major currencies, ahead of a highly anticipated statement and press conference from the Federal Reserve.
Canada has been held up as a picture-perfect economic example, but once rates start to rise, things could get ugly fast for our northern neighbors.
Johnson & Johnson said Wednesday it has agreed to buy Swiss medical device manufacturer Synthes for $21.3 billion.
Standard & Poor’s has revised Japan’s credit rating outlook to „negative,” blaming the crisis triggered by last month’s earthquake.
Sony is diving into the tablet race, announcing Tuesday that is working on two gadgets that will hit the market this fall.
Wael Ghonim, a Google executive who shot to international prominence after being detained for 10 days in Egypt, is leaving the search company to start his own venture.
Silver prices have doubled during the last six months, and are now within spitting distance of $50 an ounce, a key level for the precious metal.
The Wii, once the cutting edge of video game technology, is headed the way of the Atari 2600 and the Sega Genesis.
The all-electric Nissan Leaf was named the 2011 World Car of The Year at the New York Auto Show on Thursday.
As you drive west to east, close to the shoreline in what was the little beach town of Arahama, south of Sendai, Japan, you pass acre after acre of houses and stores and trees flattened by the otherworldly power of the tsunami that struck on March 11. These days, the massive clean-up job continues apace. Roads have been cleared and the cars and trucks and boats that were tossed like Tonka toys are finally being readied for the junkyards.
It is a truth universally acknowledged that when natural calamities or geopolitical shocks happen, markets go into a tizzy and everyone rushes for safe havens. Then braver souls pour scorn on the wusses who are heading for the exits and buy on the dip, insisting that historic events such as 9/11 and Hurricane Katrina are barely noticeable in the grand progress of economic history.
The dollar took a beating Wednesday, losing ground to a range of currencies, and falling to its lowest level against the euro in 15 months.
The earthquake and tsunami that devastated Japan last month also had a major impact on the country’s trade balance.
„We’re thinking of pulling out of Brazil,” the CEO of a large American corporation told me a week ago. The company has been operating there for a few years, doing several million dollars of business. The problem? A series of court judgments so inexplicable, and so crushingly expensive, that the CEO doubts his ability to manage the business. He doesn’t see how the rulings can be honest — even former President Luiz Lula da Silva called Brazil’s judiciary a „black box” that’s „untouchable” — and if the system doesn’t work, this CEO is bailing out.
Gold prices topped a record $1,500 for the first time ever on Tuesday, shattering an important psychological barrier as investors seek out investments thought to be safe during times of upheaval.
Gold prices topped a record $1,500 for the first time ever on Tuesday, shattering an important psychological barrier.
General Motors has unveiled the first car for its China-only Baojun car brand at the Shanghai Auto Show.
The executives on our inaugural list aren’t household names (yet), but their companies are.
Renren, China’s largest social-networking service, filed for a U.S. initial public offering late Friday in a bid to fund expansion.