Experts expect compromise to avoid fallout from the 'fiscal cliff'

(Phys.org)—The image of a "fiscal cliff" may give the wrong impression of the potential fallout should Congress fail to take action by the end of the year on the Budget Control Act. Iowa State economist Dave Swenson described ...

Culture thriving in age of austerity

(Phys.org)—In a recently published paper, Andy Pratt, Professor of Culture, Media and Economy at King's, argues that the relationship between culture and the economy has changed, challenging the popular view that, in times ...

Thanksgiving steals sales from Black Friday

Thanksgiving shopping on Thursday took a noticeable bite out of Black Friday's start to the holiday season, as the latest survey found retail sales in stores fell slightly from last year.

US futures mixed after US growth report

(AP)—Stock futures were mixed but recovered from sharp declines Friday after the government reported that economic growth during the third quarter was slightly better than expected thanks in part to stronger consumer spending.

Daily-deals companies tweak models as novelty fades

Investors have turned skeptical on Groupon, growth has slowed, and hundreds of would-be competitors have disappeared from the crowded daily-deal landscape, but that doesn't mean a fadeout to the era of the discounted restaurant ...

iPhone 5 not just a phone; it's a stimulus too

Apple's iPhone 5 is one of the biggest product launches ever in the sector, and may also deliver a well-timed stimulus to the US economy ahead of the presidential election, analysts say.

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