Stocks Are Battered As Oil Hits Another 5-Year Low
Oil prices have fallen 40 percent over the past six months. OPEC, which is holding production levels steady, said today it expected lower global demand for oil next year.
Economy
Detroit's Bankruptcy Is Over, Michigan's Governor Says
The city's bankruptcy, the largest municipal bankruptcy in U.S. history, will end at 12:01 a.m. ET Thursday, Gov. Rick Snyder said. The city filed for bankruptcy on July 18, 2013.
Supreme Court Rules Employers Are Not Required To Pay For Security Time
The decision is a major victory for retail enterprises and manufacturing businesses that could have been on the hook for billions of dollars in back pay for time spent in security screenings.
GOP Leaders: Gas Tax Hike Could Fuel Fixes To Bad Roads And Bridges
Several states, including those led by Republicans, aren't waiting for Congress to shore up the federal highway trust fund and help pay for repairing worn out infrastructure.
Some Liberals And Tea Partiers Unite To Oppose Trade Deals
President Obama is pushing for massive trade deals with Asian and European nations. Critics say the trade negotiations, which are conducted in private, aren't facing enough scrutiny.
A Syrian Entrepreneur Looks To Build The Amazon Of The Arab World
Souq.com, created by U.S.-educated Ronaldo Mouchawar, has a strong presence in the Middle East. Since the boom in cell phones in the region, "you can feel the crescendo" in its tech sector, he says.
U.S. Tech Firms See Green As They Set Up Shop In Low-Tax Ireland
Google, Apple and other industry leaders have global headquarters in Ireland. But the U.S. Congress and others aren't happy, and the Irish are reconsidering some of these business-friendly tax laws.
Labor Secretary: Job Growth Is Good, But Wages Need Help
Melissa Block speaks with Labor Secretary Thomas Perez about the latest jobs numbers and the persistent problem of wage stagnation.
2014: The Year When The Job Market Finally Turned The Corner
Seven years after the Great Recession began, the U.S. job market finally is growing at a robust pace. In November, employers added 321,000 workers, raised wages and extended the average workweek.
For World's Oil Exporters, Falling Prices Have A Domino Effect
Falling oil prices have been good news for the U.S. But they're causing multiple problems for some exporters. Government budgets are strained. Economies are struggling. Currencies are crashing.