Indeed, Bernanke's speech helped catalyze a surprising liquidity squeeze in China — one that signals more change to come in that country's financial system and carries broad implications for the global economy, experts say. On Thursday, June 20, China …
Protection is the dog that did not bark. Despite a huge financial crisis, the trend towards integration of the global economy has continued. This is surely remarkable. So why has this happened? Will it last? And what still needs to be done? Foreign …
WASHINGTON (AP) The United States is still viewed as the world's leading economic power in many countries, according to polls in 39 nations by the Pew Research Center's Global Attitudes Project. But as the Great Recession has buffeted the U.S. economy, …
So PayPal, and the whole global economy, dodged one hell of a bullet in being able to simply erase the accounting error. And the American debt can continue to grow another day. Get the latest news and analysis delivered to your inbox. Sign up for …
As a lender primarily to affluent consumers, American Express' results are a closely watched barometer of the health of luxury spending. The company's focus on customers with strong credit histories who use their cards frequently helped it bounce back …
American Express, which gets the bulk of its U.S. billed business from affluent corporate customers, said cardmember spending increased 8 percent in the quarter, adjusted for foreign currency translations. Earlier in the day, American Express shares …
But he found himself longing for the sense of community a church provided, and he joined a congregation near his hometown of Buffalo, N.Y. As he became involved with the church's committees and community service programs, he learned how the older …
The Hunts will receive the Award in Philanthropy for their commitment to giving back to the local community. The couple most recently founded Hunt Utilities Group, a coalition of minds focusing on research and development of alternative energies as …
The Boy Scouts of America has disallowed Scouts deemed morbidly obese from attending its national Jamboree, which opened Monday at a new site in the West Virginia mountains, writes the Associated Press. Only troop members and leaders with a body …