Economies

Top 20 US Cities for Tech Startup Funding

(Shutterstock*)
(Shutterstock*)

When you think of tech startups, you probably think Northern California. Companies there receive the largest share of funding from venture capitalists, but there are...




  • The Bank of Canada maintained the overnight rate at 1 percent in its seventh interest rate announcement of 2014 on Oct. 22. (Epoch Times)

    Bank of Canada Holds Policy Rate at 1% With Risks Balanced

    OTTAWA—As widely expected, the Bank of Canada kept its target for the overnight rate at 1 percent on Wednesday, as inflationary pressures remain subdued and... Read more

  • The government is warning the owners of 7.8 million cars kept in humid environments that the airbag might shoot metal fragments upon deploying.

    Social Security Benefits Increasing by 1.7 Percent

    WASHINGTON—Millions of older Americans who rely on federal benefits will get a 1.7 percent increase in their monthly payments next year, the government announced Wednesday... Read more

  • In this Sept. 18, 2014 photo, Emily Collins orders mini donuts at the Night Market at the Kalamazoo Farmers Market in Kalamazoo, Mich. (AP Photo/Kalamazoo Gazette-MLive Media Group, Katie Alaimo)

    Consumer Prices Rose 0.1 Percent in September

    WASHINGTON—U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny... Read more

  • A trader works on the floor of the New York Stock Exchange (NYSE) on Oct. 21, 2014, in New York City. Despite news of a slight slowdown in the Chinese economy, the Dow rose again today, finishing up over 200 points. (Spencer Platt/Getty Images)

    Big Slump Is No Cause to Ditch Stock Market

    NEW YORK—After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger... Read more

  • An Apple employee grabs an iPhone 6 for a customer at the Apple Store during the launch and sale of the new iPhone 6 and 6 Plus smartphones, in Palo Alto, Calif., on Sept. 19, 2014. Apple on Monday, Oct. 20, 2014 said it sold 39.3 million iPhones in the last quarter, or 16 percent more than a year ago, which is a record for the quarter. That’s partly due to excitement over new iPhone 6 and 6 Plus models that Apple began selling last month. (AP Photo/Tony Avelar)

    Stocks Rally; S&P 500 Has Best Day of 2014

    NEW YORK—The U.S. stock market marched higher Tuesday, giving the Standard & Poor’s 500 index its best day of the year. Investors rallied behind an... Read more

  • The next generation of Swedish coins on display. According to a new report, however, Sweden may move toward a cashless society as early as 2030. (Courtesy of Riksbanken)

    Sweden May Become First Cashless Society

    GOTHENBURG, Sweden—Sweden could become one of the first cashless countries, a new report finds. Swedes already conduct four out of five transactions without involving cash... Read more

  • Benjamin Lawsky, superintendent of the New York State Department of Financial Services, speaks in Albany, NY, on March 7, 2012. In a Tuesday, Oct. 21, 2014, letter to Ocwen Financial Corp., the nation’s largest servicer of subprime mortgages, Lawsky says the company has engaged in abuses that could potentially harm hundreds of thousands of borrowers. (AP Photo/Mike Groll)

    Top Subprime Mortgage Firm Accused of Abuses

    The nation’s largest servicer of subprime mortgages has engaged in abuses that could potentially harm hundreds of thousands of borrowers, according to the New York Superintendent of Financial Services. The... Read more

  • Cyprus Foreign Minister Ioannis Kasoulides speaks to the media at the foreign house in divided capital of Nicosia, Monday, Oct. 6, 2014. Cyprus' foreign minister says Turkey's stated intention to search for oil and gas in waters where the ethnically-split island nation has licensed an Italian-South Korean consortium to drill could upset reunification talks. (AP Photo/Petros Karadjias)

    Cyprus Will Deny Turkey EU Entry Over Gas Row

    NICOSIA, Cyprus—Cyprus says it will block any progress in Turkey’s ongoing talks to join the European Union in response to a Turkish gas search in... Read more

  • FILE - In this July 22, 2014 file photo, a man rests outside a McDonald's restaurant in Beijing. McDonald's reports quarterly financial results on Tuesday, Oct. 21, 2014. (AP Photo/Ng Han Guan, File)

    Customer Decline Hits McDonald’s Sales, Profit

    NEW YORK— McDonald’s says its profit and sales declined as the world’s biggest hamburger chain saw customer traffic fall around the world. The company said... Read more

  • In this Oct. 2, 2014 photo, people pass the New York Stock Exchange, in New York. Stocks are opening mostly lower Monday, Oct. 20, 2014, as traders look over some disappointing corporate results. (AP Photo/Richard Drew)

    US Stocks Quietly Move Higher; IBM Disappoints

    NEW YORK— The U.S. stock market moved quietly higher Monday as investors decided to step back into a market that was rattled by white-knuckle turbulence... Read more

  • European Central Bank (ECB) President Mario Draghi at the annual IMF/World Bank meetings in Washington on Oct. 11. During the summer, the ECB announced that it would impose an interest rate charge on euro deposits.
(Nicholas Kamma/AFP/Getty Images)

    ECB Policy Hurting Euro Depositors, Bond Yields

    Monetary policies from the European Central Bank (ECB) are forcing some global banks to charge for euro deposits. During the summer, the ECB announced that... Read more

  • Mario Draghi, President of the European Central Bank, speaks at the Sueddeutsche Zeitung leadership conference on November 21, 2013 in Berlin, Germany. (Sean Gallup/Getty Images)

    ECB Starts Stimulus Purchases

    FRANKFURT, Germany—The European Central Bank has started buying securities called covered bonds as it launches its latest stimulus effort aimed at preventing the 18-country eurozone... Read more

  • IBM is paying $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM will make payments to the chipmaker over three years, but it will take a $4.7 billion charge in the third quarter when it reports results, Monday, Oct. 20, 2014. (AP Photo/Toby Talbot, File)

    IBM Paying $1.5 Billion to Unload Chip-Making Division

    ARMONK, N.Y.—IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division. IBM will make payments to the chipmaker over three... Read more

  • Diamond geezers. Indians are taking Antwerp, Belgium. (Shutterstock*)

    The Rise and Rise of Belgium’s Indian Diamond Dynasties

    From the outside, Number 2 Hoveniersstraat Street in Antwerp is a nondescript office block. Only the clusters of businessmen speaking in Gujarati on their mobile... Read more

  • Not closing its doors yet. (J.J. Ellison/Wikimedia Commons)

    A Look Behind UK’s Impressive Unemployment Figures Shows They’re Not so Dazzling

    Unemployment in the UK has fallen below two million for the first time in almost six years, latest figures from the Office for National Statistics... Read more

  • Homeowners speak to mortgage associates with the Neighborhood Association Corporation of America in an attempt to lower their monthly mortgage payments at a mortgage relief event, Tuesday, Sept. 30, 2014, in Atlanta. The event gives homeowners the opportunity to meet face to face with their lender in the hopes of dropping their interest rates for a reduced monthly payment. Several thousand have attended the five-day event which ends Tuesday. Georgia currently has the highest unemployment rate in the country and a foreclosure rate higher than the national average. (AP Photo/David Goldman)

    Plunge in Mortgage Rates: Should You Refinance Your Mortgage?

    A sudden plunge in mortgage rates this week raised an urgent question for millions of Americans: Should I refinance my mortgage? Across the country, homeowners... Read more


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