Stephen Foley

Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.

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Republican presidential candidate, Mitt Romney spends the weekend with close political friends

Mitt Romney's weekend away with 700 close friends (who happen to be rich)

Running-mate hopefuls jostle for position at lavish event ahead of $6bn election

US teeters on a fiscal cliff edge

The world's biggest economy risks recession unless Congress acts swiftly. Stephen Foley reports from New York

Stephen Foley: Money market funds and the hidden bailouts

US Outlook: The Securities and Exchange Commission revealed this week that it knew of 300 separate occasions where money market funds, an ultra-conservative type of mutual fund that millions of Americans use like they are bank accounts, have had to be quietly bailed out by their sponsoring broker since the products were invented in the Seventies.

Stephen Foley: Fine on the Surface but Ballmer has to tell us why that's entertainment

US Outlook: Memo to Steve Ballmer: it's not the device, it's the ecosystem.

Stephen Foley: Moody's will tighten the vice on bank downgrades

US Outlook: Arbitrary! Backward looking! Completely unwarranted! Complaining by the banks downgraded by Moody's started the second the rating agency's actions hit the wire late on Thursday night. Citigroup sounded especially aggrieved at the two-notch cut to its credit rating, but all the affected institutions rushed out statements to assert that they have never been safer.

Larry Ellison owns a fighter jet, yacht racing team and supercars galore, so what did the billionaire buy next? The Hawaiian island of Lanai

You probably would too if you had $36bn. Not content with a vast collection of toys that spans luxury homes, private jets, lavish cars and cup-winning sailboats, the software mogul Larry Ellison is splashing out on his own paradise island, it has been revealed.

The Spotlight On: Mary Schapiro, chairman, Securities and Exchange Commission

The world's most powerful female regulator?

Federal Reserve 'Twists' again for extra six months

The US Federal Reserve will continue "Operation Twist", its intervention in the credit markets, to push down long-term interest rates for an extra six months.

The Microsoft Surface is far from being an iPad clone

Microsoft Surface: The tablet that's a tonic for the software giant

The software giant's recent launches have tried and failed to match Apple's iPod and iPhone. But it looks to have hit the target with its Surface, the rival to the iPad, which is part laptop and part tablet

The IBM Sequoia becomes the world’s fastest computer,with the ability to complete in one hour calculations that would take 6.7 billion people more than three centuries to carry out

Faster than a speeding petaflop: IBM flies past Japanese rival to win battle of the supercomputers with its Sequoia machine

American firm's Sequoia machine designed to simulate nuclear bomb tests

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Amir Khan: 'The Taliban can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'

Amir Khan attacks the Taliban

'They can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
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Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture