The Federal Reserve's annual Jackson Hole retreat last week was a strange exercise. The theme was “inflation dynamics.” Yet the Fed's measures of inflation have shown no dynamics, only statics, for years.
Fiat Chrysler Automobiles CEO Sergio Marchionne said in an interview with Automotive News published on Monday that General Motors should stop ignoring the financial benefits of a merger of the two automotive giants.
The discovery of a huge natural gas field off the Egyptian coast is a major boon for the country that will help alleviate energy shortages and boost the economy, experts said Monday.
Oil prices turned higher Monday on speculation that oil-producing nations might be willing to agree to output cuts to shrink the global glut of crude oil.
The Chinese authorities have taken unprecedented steps to silence criticism and calm markets in the wake of the “Black Monday” global markets crash, it emerged on Monday.