Business News

Yule like this news, coming as it does so close to Christmas. The National Center for Policy Analysis, a think tank that apparently hasn't enough to do, has debunked the notion that gift giving is a waste of economic res...

REUTERS/Brendan McDermid In 1994, when the US Federal Reserve hiked rates there was an outflow of capital from emerging economies and a painful correction in Asian equity markets. This time round investors need to Fed-pr...

A rally in oil is bringing a long-awaited, year-end rally to Asian markets Thursday.

Prime Minister Shinzo Abe's cabinet on Thursday approved a budget for fiscal 2016 that reflects improved finances, thanks to the highest tax revenue in a quarter of a century.

Illinois on Wednesday became the latest state to ban its residents from playing daily fantasy sports contests offered by FanDuel and DraftKings, after the attorney general said the sites constitute “gambling” under I...

Black Friday is done! Malls are empty! Brick-and-mortar is on the way out!

How Apple's Trojan Horse Will Eat the Credit Card Industry

CNBC BOSTON — In the months before the blowup of Third Avenue's junk-bond fund in early December, investors and financial advisers called the New York-based investment company to voice their concerns about the growing ...

Facebook/Mark Zuckerberg One thing we know about Facebook CEO Mark Zuckerberg is that he's always willing to explore new, and better, ways to enhance the user experience and boost revenue. The long testing process of in...

The number of Americans seeking unemployment benefits fell last week, reflecting a job market that continues to look persistently healthy. THE NUMBERS: Applications for jobless aid declined 5,000 to a seasonally adjusted...

Hulbert's "Honor Roll" advisors are fairly bullish on the year ahead. Here are the stocks they agree on.

REUTERS/Staff Leonid is not exactly what you would expect from a black market money dealer.  He is young, well-built, handsome, and well-dressed. The upmarket café he chose to meet in is the kind that serves its meals ...

Perhaps it's poetic justice that DeSisto is taking over a company with as many, actually more problems, than the one he mismanaged before getting the boot.

L.A.'s newest trendy boutique hotel -- a luxurious 190-room property with not one but two rooftop pools -- is expected to rise from the Sunset Strip this spring now that the developers have received $260 million in finan...

By Linda Kerstin

Billions of dollars are spent on video games over the holidays every year.

We’re investigating the nature of these Innovation Engines in a series of What To Think podcasts, sponsored by Pivotal Tracker, and columns by VentureBeat editor at large Dylan Tweney. Tune in here to learn the secrets...

If the future ever brings us virtual reality sommeliers, they may treat the Rift headset as one of their finest products. Palmer Luckey, who founded Oculus VR and who is instrumental in the development of the Rift, used...

Industry experts expect the demand to grow in the coming years as mature investors seek to move away from plain vanilla investment strategies

Four technology startups with billion-dollar-plus valuations are preparing for initial public offerings in early 2016, a sign that the sluggish tech IPO market is poised for a turnaround.

For over five years the oil market has been led to that believe Brent was the global proxy futures benchmark, more reflective of supply demand permutations around the world, as opposed to the West Texas Intermediate deem...

Voltas trades at a rich valuation of about 20 times 2017-18 estimated earnings per share and has returned 21% in one year, when both the benchmark Sensex and BSE capital goods index have contracted