Chinese e-commerce company Alibaba Group Holding Ltd is aiming to more than double its transaction volumes to more than $1 trillion in five years, Executive Chairman Jack Ma t ..
The United States posted a budget deficit of $82.4 billion in May, a 37 percent drop from the same period last year, the U.S. Treasury Department said on Wednesday. The defici ..
The blue-chip Dow Industrial Average opened higher for the first time in 5 days, while the Nasdaq Composite snapped a four-day losing streak, rising the most in a month. ..
Employee misconduct in foreign exchange trading that cost Citigroup Inc $2.5 billion in fines and penalties might have made only $1 million for the bank, an executive said on ..
The U.S. economy was probably not as weak as has been reported in the first quarter, with data on Wednesday showing slightly stronger consumer spending than previously estimat ..
Meredith Whitney, who turned fame as a banking analyst into a stint running her own hedge fund, is through with managing other people’s money. “I think that chapter of my life ..
Even with the latest figures showing U.S. production is leveling off, America has still a pretty good ‘problem’ – too much oil. ..
HSBC's (HSBA.L) investment bank could shed more than a fifth of its clients and plans to reduce its credit and interest rates businesses by $100 billion over the next two ..
The FBI wants Congress to require weaker encryption in apps like WhatsApp and iMessage. But lawmakers won't listen. ..
Swedish telecom operator TeliaSonera is buying into music streamer Spotify for a slice of the fast growth and rapid innovation typical of online companies, investing as compet ..
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