Small Businesses Hold Key to Recession and Recovery


Financial markets are down about 10 percent so far this year, stoking fears that the country might be on the precipice of another recession. Other economic...

  • A worker gathers coins thrown by tourists into a well to pray for good luck and wealth during celebration for Chinese New Year at White Cloud Temple in Beijing on Feb. 18, 2007. China's foreign exchange reserves are disappearing as fast as the coins. (China Photos/Getty Images)

    China Burns Through Another $100 Billion in January, Here’s Why

    The central bank of China probably regrets having released this one last data point before the Chinese New Year on Feb. 8. The celebrations could have... Read more

  • Angelo Falcone (L) is interviewed by Eric Larkee for a bartender job at a job fair held by The Genuine Hospitality Group in Miami on Jan. 27, 2016. The restaurant group is expanding in South Florida and is hiring for all positions at its restaurants. On Friday, Feb. 5, the U.S. government issues the January jobs report. (AP Photo/Lynne Sladky)

    Many See Cause for Optimism Despite Slower US Job Growth

    WASHINGTON—Consider looking past January’s so-so job growth. At first glance, Friday’s government report on U.S. hiring was a downer—151,000 added jobs, well below the pace... Read more

  • Italy's Deputy Minister of Economic Development Carlo Calenda at the “Invest in Italy” global roadshow meeting at Bloomberg headquarters in New York City on January 11, 2016.

    ‘Italy Is Back’ and Ready for Investors

    “Italy is exiting the crisis. The crisis has been deep but also confirmed the resilience of the economy,” said Italy’s Minister of Economy and Finance... Read more

  • The logo of the European currency Euro is pictured in front of the European Central Bank ECB in Frankfurt am Main, Germany, May 26, 2014, a day after the European Parliament elections. (Daniel Roland/AFP/Getty Images)

    Eurozone Economy ‘Losing Steam’ Amid Market Turmoil

    LONDON—The economic recovery in the 19-country eurozone lost steam in January, a closely watched survey found Wednesday, a sign that the turmoil in global financial... Read more

  • An Exxon sign at a Exxon gas station in Carnegie, Pa., on April 29, 2014. (AP Photo/Gene J. Puskar)

    As Oil Prices Plunge, Big Oil Profits Take a Hit

    DALLAS—The big plunge in crude prices is taking a toll on Big Oil. Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to... Read more

  • A trader is reflected in a market screen on the floor of the New York Stock Exchange (NYSE) in New York City on Aug. 25, 2015. (Spencer Platt/Getty Images)

    America’s Economic Freedom Has Rapidly Declined Under Obama

    Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on... Read more

  • A man reads a newspaper with a front page headline that reads  "China's GDP grows at 6.9 percent"  in Beijing on Jan. 19, 2016. China's economy grew at its slowest pace in a quarter of a century last year as it undergoes a difficult transition. (WANG ZHAO/AFP/Getty Images)

    Fed’s Fischer: China Issues Could Hurt US

    Of course, he did not say it exactly like that. When Fed Vice Chairman Stanley Fischer spoke at the Council on Foreign Relations on Feb... Read more

  • IMF Managing Director Christine Lagarde holds a news conference at the IMF headquarters in Washington, D.C., on Jan. 17, 2013. (Chip Somodevilla/Getty Images)

    Beyond Lagarde: There’s More to the IMF Than Who the Leader Is

    Christine Lagarde, managing director of the International Monetary Fund and a former French finance minister, faces trial for accusations of negligence. But that has not... Read more

  • The BP ETAP (Eastern Trough Area Project) oil platform in the North Sea, 100 miles east of Aberdeen, Scotland, on Feb. 24, 2014. (Andy Buchanan/AFP/Getty Images)

    How Oil and Gas Companies Are Dealing With Low Prices

    Oil prices have tumbled to new lows in 2016. Slowing demand and a glut of supply has made the oil market incredibly bearish. But while... Read more

  • Florida Governor Rick Scott at a road expansion event in Hialeah, Fla., on March 9, 2015. (Joe Raedle/Getty Images)

    How Florida Created 1 Million Jobs in 5 Years

    Gov. Rick Scott had a lot of good news to share with the Florida legislature at his State of the State address on Jan. 12... Read more

  • Mansa Musa: richer than “anyone can decribe.” (Abraham Cresques of Mallorca, Public Domain)

    Was There Ever a Time When So Few People Controlled So Much Wealth?

    Oxfam’s latest report claims that income inequality has reached a new global extreme, exceeding even its predictions from the previous year. The figures behind this... Read more

  • A cornerstone in the Federal Reserve Bank of New York building on July 29, 2011 (Andrew Burton/Getty Images)

    Germany Moved of 189 Tonnes of Gold From New York Fed Vaults

    Germany is the second largest holder of gold reserves with 3,381 tonnes (3727 U.S. tons), but it did not store most of the gold at... Read more

  • International Monetary Fund Managing Director Christine Lagarde speaks at the 40th anniversary of the IMFC meeting at the IMF Headquarters in Washington, April 20, 2013. (Stephen Jaffe/IMF via Getty Images)

    IMF Increases Emerging Market Power, Doubles Capital Base

    Watching the dealings of the International Monetary Fund can be rather dull. On Jan. 22 for example, it issued a press release called “IMF Statement... Read more

  • A man works on construction of the Kingdom Tower, a planned 252-story building, which aims to become the world’s tallest skyscraper when complete, in Jiddah, Saudi Arabia, on May 8, 2014. Saudi Arabia is racing to attract more investment and overhaul its economy as low oil prices expose it to urgent domestic challenges. (AP Photo/Hasan Jamali)

    Saudi Races to Attract Investment, Create Jobs in Overhaul

    RIYADH, Saudi Arabia—Saudi Arabia is racing to attract more investment and overhaul its economy as low oil prices expose it to urgent domestic challenges. For... Read more

  • College student Christopher Rael at California State University, in Long Beach, Calif., on Jan. 19, 2016. Millions of young adults healthy enough to think they don’t need insurance face painful choices this year as sign-up deadline approaches for President Obama’s health care law. With open enrollment over after Jan. 31, Rael is hoping his meager income will qualify him for Medi-Cal, the state’s version of Medicaid. “I cannot afford an additional bill,” he said. He paid a fine of about $150 for being uninsured in 2014. (AP Photo/Chris Carlson)

    Health Care Fines Press Millennials as Deadline Nears

    WASHINGTON—Millions of young adults healthy enough to think they don’t need insurance face painful choices this year as the sign-up deadline approaches for President Barack... Read more

  • Rail cars are filled with coal and sprayed with a topper agent to suppress dust at Cloud Peak Energy's Antelope Mine north of Douglas, Wyo., on Jan. 9, 2014. (Ryan Dorgan/Casper Star-Tribune via AP)

    Coal Executive Demands Tax Break for Industry in Free Fall

    CHARLESTON, W.Va.—The chief executive of one of the nation’s largest coal producers, Murray Energy, made an emotional call Wednesday for steep cuts in state mining... Read more

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