New study shows the Euro leading to uniform prices across countries
Economics has a "law of one price," which states that identical goods should, in theory, sell for identical prices—or else markets will even out the differences. Empirical work on the topic, however, has ...
Apple sold by Jobs from parents' garage up for auction
An early Apple device sold by Steve Jobs from his parents' garage goes under the hammer in New York next month valued at $400,000-600,000 in an increasingly competitive computer relic market.
After 15 years, Nasdaq recoups losses of dot-com crash
Mark April 23, 2015 as the day the Nasdaq market finally left the dot-com crash, and billions of dollars lost to the first technology bubble, behind.
Exchange rate behaves like particles in a molecular fluid
The swings in market prices and exchange rates have the same foundations as molecule movements in physics. This has been demonstrated by a team of scientists from Switzerland and Japan.
SAP profits up 23 percent as cloud computing grows
Business management software company SAP AG says net profit rose 23 percent in the third quarter as its cloud computing business grew rapidly and the company kept down costs by holding down hiring of new employees.
HP CEO pleads patience as earnings fall 44 pct
(AP) -- Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Thursday as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's ...
Strong dollar means cross-border shopping heavily influenced by exchange rate
With the holiday shopping season in full swing it appears Canadians now more than ever are keeping a watchful eye on the exchange rate before heading south of the border to shop.
No crystal ball necessary: New tool IDs predictable economic variables
You don't need a crystal ball to tell you what is going to happen next in the economy. You need a statistical model. A new method from North Carolina State University can help researchers determine which economic variables ...
Yen fall returns Nintendo to profit (Update)
Nintendo is making money again courtesy of a weaker yen but its business selling game machines is ailing, with sales of its flagship Wii U console still lackluster.
Stock markets can regulate themselves
Whenever crisis threatens the financial markets, voices are loud in calling for greater control. It is dubious, however, whether tighter regulation would actually offer investors better protection against losing their capital. ...
Johnson & Johnson tops 4Q earnings expectations
The strong dollar and stiff competition for some products squeezed Johnson & Johnson in the fourth quarter and it missed Wall Street expectations for revenue, triggering a rare sell-off of its shares.
Pattern seen in governments' currency policies
Every day around the world, vast numbers of migrants wire money back to their home countries, trying to support families and friends in need. In fact, these transfers of money -- 'remittances' -- constitute ...
Venezuela asks Twitter to block accounts posting dollar rate
Venezuela on Tuesday asked Twitter to block the accounts of users who are posting the unofficial dollar exchange rate—illegal in a country that has had strict currency controls since 2003.
Iran cell phone firms deny blocking text messages
(AP) -- Iran's mobile phone companies have denied blocking text messages with the words dollar and currency after the Iranian rial rapidly weakened on the announcement of new U.S. sanctions against Iran.