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As widening income inequality becomes a dominant theme at the World Economic Forum, business and financial leaders are pointing out that, morality aside, people without money don't buy things.
As billionaires attending the World Economic Forum in Davos, Switzerland, bet on accelerating growth and rising asset prices to make them even richer by this time next year, income inequality is emerging as a key theme for the week.
Existing-home sales in the U.S. rose in December, pushing sales for 2013 to the highest level in seven years, the National Association of Realtors said Thursday.
The number of Americans seeking unemployment benefits ticked up 1,000 last week to a seasonally adjusted 326,000, a level consistent with steady job gains, while the four-week average fell for the third straight week.
The Conference Board's index of leading indicators rose modestly in December, suggesting that growth will remain steady early this year.
Record low interest rates, ample liquidity and faster growth should sustain the global recovery from financial crisis this year, but an ill-judged move by the Federal Reserve could threaten economic revival worldwide.
Hispanic leaders, who are usually aligned with Democrats, are giving Republican Gov. Chris Christie the benefit of the doubt.
Pope Francis challenged business leaders assembled at the World Economic Forum in Davos to put their wealth at the service of humanity instead of subjecting most of the world's population to poverty and insecurity.
Janet Yellen won't be chairman or chairwoman when she becomes the first woman to head the Federal Reserve on Feb. 1.
For every company predicting in January that earnings that will beat estimates, 2.5 are projecting results that fall short, matching the worst ratio since the stock market rally began in March 2009.
The International Monetary Fund is a little more optimistic about the global and U.S. economies in 2014 than it was three months ago.
A much better year lies in store for most of the world's major developed economies, with the U.S. leading the way, growth quickening in the U.K. and Germany, and Japan looking to disappoint, Reuters polls forecast on Thursday.
Materials companies are leading an early gain on The Street, with Dow Chemical jumping 6 percent after Third Point announced it had taken a large stake in the company.
The world could face years of rising global unemployment that will hit young people especially hard, a report from the International Labor Organization cautions on the eve on the World Economic Forum in Davos.
'Trickle down' is the fundamental building block of supply-side economic theory, but evidence is growing that governments have been pulling at economic levers that are attached to nothing.