China Tops U.S. in Foreign Investment China became the world’s top destination for foreign investment in 2014, edging the U.S. out of the top position for the first time since 2003. The change comes after years in which China has been gaining ground.
Japan Output Modestly Improves Japan’s output improved modestly in December thanks to strong exports to the U.S., but domestic demand still lacked strength and inflation again slowed.
Fed Flags Midyear Rate Hike---Or Later The Federal Reserve signaled it would keep short-term interest rates near zero at least until midyear, while also setting the stage for tough decisions in the coming weeks about whether it should wait even longer.
Consumer Confidence Surges U.S. consumers turned exceedingly upbeat about the economy at the start of 2015, with the Conference Board’s index of consumer confidence hitting its highest level since August 2007.
Amazon Delivers $214 Million in Profit Amazon posted higher-than-expected net income for the fourth quarter, despite sales growth below forecasts. The e-commerce giant’s spending continued to weigh on its bottom line.
Cheap Oil Sours Big-Ticket Energy Projects Chevron’s big-budget exploration projects, conceived during an era of high energy prices, are starting to produce their first barrels of oil as a global glut is making the payoff from such projects less certain.
Recalls Hit Honda Earnings Honda Motor cut its full-year net profit forecast by 3.5% after being hit by costs related to recalls over explosive air bags made by Takata.
Senate Passes Keystone XL Bill The Senate on Thursday passed legislation approving the Keystone XL pipeline, moving the GOP-controlled Congress one step closer to a showdown with President Obama over the long-stalled project.
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