Members of the Baby Boomer generation may have too much of their retirement savings being invested heavily in stocks.
United States
KKR is about to lose its cash investment in Samson Resources worth $4.1 billion from its $7.2 billion buyout four years ago. The unexpected and prolonged downward move of oil and gas pushed Samson to file for Chapter 11.
Former first lady Eleanor Roosevelt is the preferred by a majority of Americans to be featured in the $10 bill, expected to be circulating in the year 2020, according to a recent survey done by The Marist Poll.
Based on the July jobs data, the United States may be headed for an interest rate hike, a sign the economy is in good health.
Abercrombie & Fitch confirmed it would end on-call scheduling to its employees on September in response to New York Attorney General Eric Schneiderman's letter regarding the 'illegal' irregular work shift.
Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world's second-largest economy.
Asian shares markets got off to a watchful start on Wednesday as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and sovereign bond yields, pressuring currencies across the region.
Victoria's Secret, the leading lingerie brand dominating the 35% of the market is losing $9 billion opportunity for missing out plus-sized underwear in the line.
Popular news-reading app Flipboard has raised $50 million from a sole investor to boost manpower and infrastructure, reports say.
Energy sector was the prime culprit among other stocks including materials and biotech, that pulled S&P 500 and Dow Jones lower recently. S&P 500 fell 2.2% and Dow eased 2.9% during the week ended 24 July. S&P 500 suffered biggest weekly decline since March.
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity.
The Federal Bureau of Investigation has taken down an alleged major hacker's forum on the Internet. This was announced by the agency through the webpage of the US Department of Justice's Office of Public Affairs.
European Union reform of the securitized debt market to help to revive the region's economy is likely to be binding on member countries to speed up change, a senior official from the bloc's executive body said on Tuesday.
With a $1 cup of coffee, Avi Katz is starting to do something Israelis have been demanding for years and politicians have failed to achieve -- lower the cost of living.
U.S. exports of ultra-light crude, also known as condensate, have doubled since the start of the year, with most shipments headed to Europe, according to traders familiar with the deals and data from an energy consultant.
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