Last week, Bloomberg reported that emails exchanged by Wal-Mart executives suggested that February sales so far were a “total disaster.”  Blaming the recent payroll tax hike, among other things, at least one exec reportedly wrote that this...

 Daily Finance  Thirty large American corporations spent more money on lobbying than they paid in federal taxes from 2008 to 2010, according to a report from the nonpartisan reform group Public Campaign. All of the companies were profitable...

Mongolia is arguably experiencing the biggest gold rush of the 21st century—yet  large swaths of its population remain extremely poor. Unemployed herdsmen are among those who have turned to gold mining in an effort to eke out...

HEADS UP! The world’s biggest economies are releasing their January manufacturing PMI reports. This is our live scorecard. Just a few hours in, there’s already a controversy.  China’s official PMI unexpectedly fell, while its unofficial HSBC PMI...

In early 2012, India flip flopped over allowing 51 percent foreign direct investment (FDI) to multi-brand retailers (for instance department stores and retailers like Wal-Mart and Ikea) in the country. Eventually the central government seemed to pass...

Retailers are missing out on a key demographic and trillions of dollars by not catering more to Third World countries, according to Nobel Prize-winning diplomat Kofi Annan.  “People at the bottom control trillions of dollars,” Annan said...

Every company has been bracing for the fiscal cliff in their own ways. Some have been delaying capital expenditures until uncertainty clears up, while others have been dumping cash on their shareholders in the forms of special...

Jim Chanos has been a golden boy of the short-selling game since his Baldwin Piano call in 1983.  So when he started dishing to Barron’s about his observations about the value investing game over the past 20 years,...

Official numbers suggest that the Chinese banking system’s ratio of non-performing loans was unchanged at 0.9 percent in the second quarter. However, the unusual amount of calm implied by the data masks the major risks that are...

Remember a few months ago, when everyone was hyperventilating about the forthcoming Apple TV? This was the magical “sheet of glass” powered by Siri that Apple was going to start selling for twice the price of a...