The UK is trying to rein in CEO pay. It isn't working
The median pay for chief executives of the 100 most valuable companies on the London Stock Exchange increased 11% last year to £3.9 million ($5 million). Workers got a 2% hike.
CNN Money Economy
How America's foreclosure capital came back from the dead
Fort Myers, Florida, was ground zero for the mortgage crisis during the recession. Since then, it's recovered and construction is booming again -- to the point where people are worried that another housing meltdown might be around the corner.
American oil refineries are working harder than ever before
Oil refineries in the United States are running full tilt to meet insatiable demand for gasoline and diesel at home and overseas.
The threat Turkey's crisis poses to the world
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What happens next in Turkey? It probably won't be good
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Corporate America is raking in fat profits. Will it last?
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China to put 25% tariffs on $16 billion worth of US products
China has announced that it will hit $16 billion worth of imports from the United States with 25% tariffs.
Employers are finding new ways to cut health care costs
Companies are contracting directly with health care providers and offering more digital care in order to keep costs under control, a new study has found.
India postpones retaliatory tariffs on US goods for a second time
India said it would delay the enforcement of tariffs on US products worth over $200 million until September 18.
China plans tariffs on $60 billion of US products
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UK hikes interest rates for second time in a decade
The United Kingdom got only its second interest rate hike in over a decade on Thursday. But it may be the last one for a long time.
Sanofi and Novartis are stockpiling drugs to prepare for Brexit
Sanofi and Novartis are stockpiling medicines in the United Kingdom in case Brexit leads to delays in importing them from the European Union.
India's fast-growing economy gets another interest rate hike. There may be more
The Reserve Bank of India raised its key interest rate on Wednesday, for the second time in two months.
Americans invested a lot more money overseas in 2017. Especially in Switzerland
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The $4.5 trillion experiment rattling markets
After an unusually-calm 2017, volatility is making a comeback. It's a side effect of the Federal Reserve shrinking its gigantic balance sheet.
Why gold is plunging despite market volatility
Gold typically does well in times of market turmoil. But that's not the case lately. Gold prices and several gold ETFs are down this year. Why? Rising rates and a stronger dollar make gold less attractive. That may not change anytime soon.
Food shortages? Grounded flights? These could be the consequences of a messy Brexit
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Russia dumped 84% of its American debt. What that means
Russia's rapid sale of Treasuries sparked a guessing game about Moscow's motivations. No matter the cause, the debt dump hasn't hurt America's ability to borrow.
How Caterpillar is thriving in a trade war
The construction equipment giant reported earnings that topped forecasts and boosted its outlook. Caterpillar said tariffs will lead to higher costs. But business is going so well that the company is raising prices.
'Happy with tariffs': Steel industry emerges as trade war winner
The trade war has cast a shadow over parts of Corporate America, but it's bringing a bit of good fortune to the steel industry.
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