Dow 12,000: A Welcome Milestone

Know who seemed to enjoy the State of the Union address? The stock market. On Wednesday, the Dow inched above 12,000, a level last seen in June 2008. Maybe investors were cheering the President’s pep talk on “winning the future.” More likely, they dig that chatter about lower corporate tax rates. Even more likely, hard-core data, not the …

How to Take Part in Davos From Afar

The sky reflects on the logo of the World Economic Forum on the eve annual WEF meeting in Davos. (photo: FABRICE COFFRINI/AFP/Getty Images)

A guest post from business author Don Tapscott:

If you can’t be in Davos, do the next best thing: participate online. The Forum is using social media to make its proceedings more visible …

Arrival at Davos


Getty Images

A guest post from business author Don Tapscott:

Davos – After my wife Ana and I unpacked in our modest 3-star ski hotel we headed off to the new Davos convention center with some trepidation. The center is a maze and a big part one’s success here is logistical – just showing up at the right place at the right …

Is Obama Focused on the Right Strengths of the U.S. Economy?

Rana Foroohar, TIME Assistant Managing Editor in charge of economics and business, weighs in on the economic messages in the State of the Union address:

Factory jobs for life are gone. We should worry about China eating our lunch. Education is the way to a bigger paycheck. Clean energy is good; Big Oil is bad (so are greedy bankers). We

Don’t Get Too Cheery Over Consumer Confidence

Americans won’t fully open their wallets until there are more jobs (photo: Fred Prouser/REUTERS)

January’s consumer confidence number just trickled in, and it’s better than anticipated. The headline index rose to 60.3, from 53.3 in December: the market expected it to come in at 54.0. That’s an 8-month high, and the strongest …

Fewer Choices, More Savings: The New Way to Buy Groceries

The average American supermarket now measures over 46,000 square feet—up from an average of around 35,000 square feet in the mid-90s. While most grocery store operations continue to focus on the super-mega-ginormous category, two value-focused chains—Aldi and Save-A-Lot—are going the opposite way, with stores typically under 20,000 …

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