Nelson Mandela leaves behind a country in better economic shape than it was under white minority rule, but there are storm clouds on the horizon, with high youth unemployment rates, slowed growth, and continued economic inequality.
Stocks ran sharply higher on Friday, with the S&P 500 bouncing back from a five-session drop, as an upbeat November jobs report had the jobless rate falling to a five-year low and a read on consumer confidence hit a five-month high.
Endless lines. Pushy crowds. Hearing "The Twelve Days of Christmas" for the umpteenth time in a matter of hours. Spend a little time shopping this holiday season, and odds are good you'll want a good stiff drink. Not that you need to abandon your basket to grab one.
The job market may be gradually improving, but the gains aren't showing up in worker's paychecks. And the resulting belt-tightening continues to weigh on an economy heavily dependent on consumer spending.
SAN FRANCISCO (Reuters) - Microsoft Corp said on Thursday it had disrupted the largest network of compromised personal computers, involving some 2 million machines around the world, since it stepped up its battle against organized online criminals three years ago.The Redmond, Wash.
Don't look now, but some of the same folks who have been spreading fear about the woeful lack of retirement readiness among American workers have something new to say on the subject: a financial industry study that asserts that we're doing a lot better than we think.
The U.S. economy added a better-than-expected 203,000 jobs in November, sending the unemployment rate down to 7 percent, the Bureau of Labor Statistics said on Friday.Economists had expected the government to report about 180,000 new jobs, down from an initially reported 204,000 in October.
Add a brand new Tesla Model S to the growing list of items you can buy with bitcoins.An auto dealership in Newport Beach, Calif., revealed Wednesday that it sold its first vehicle with the virtual currency as legal tender.
SAN FRANCISCO Video game publisher Electronic Arts said on Thursday it halted development on upcoming projects of its "Battlefield 4" game to fix technical problems that have plagued the title recently.