Onajh' Porter

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China's Richest Lost $6 Billion in One Day This Week. They're Still Up $83 Billion This Year

China's surging stock markets plunged this week, wiping out more than $6 billion in one day from the collective fortunes of the country's 20 richest …

China

Global stocks shaken by bond market gyrations

SEOUL, South Korea (AP) — Global stocks fell on Tuesday and Wall Street was expected to open lower as investors worried about a slump across bond markets and a rise in the cost of crude oil.<p>KEEPING SCORE: Britain's FTSE 100 fell 1.6 percent to 6,917.17 and Germany's DAX sank 1.9 percent to …

Stock Markets

MORGAN STANLEY: The plunge in rig counts will end in 12 weeks

In a note Tuesday, Morgan Stanley's Ole Slorer writes:<p>"<b>The US rig count has historically troughed ~25 weeks after E&Ps decided to lay down rigs (we are currently 13 weeks in). This has proven true in all major energy downturns over the past 20 years in which US oil and gas prices fell by over 40%.</b> …

Oil

Tumbling Interest Rates in Europe Leave Some Banks Owing Money on Loans to Borrowers

Subzero rates have put some lenders in an inconceivable position<p>Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers.<p>At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some …

Interest Rates

9 Tips for Turning Your Invention Into a Business

<b>Question:</b> I invented something that I think has potential to become a business. What is one thing I should NOT forget to do next?<p>Get Real</i> …

Small Business

The 8 Instinctive Habits of Remarkable Leaders

Once in a while you meet a leader who stands out -- even in a room filled with skilled, experienced, successful people. She hasn't just learned to be …

In new budget, Obama proposing 14 percent tax on overseas profits to fund infrastructure projects

President Obama will on Monday give Congress his $4 trillion spending plan for fiscal 2016 that includes a request for billions of dollars in much-needed public works projects -- an idea that has bipartisan support but little backing for the proposed tax increases to fund such efforts.<p>Obama will …