Latest Stories

Latest Stories


Fed moves leave the little guy stuck

| Sep 19, 2007
The Fed has done its bit to help out the mortgage-induced credit crunch by lowering interest rates. Commentator Robert Reich says that's great for lenders and investors, but it won't do a thing for the little guy.
Posted In: Housing, Wall Street

China inflation coming to U.S. price tags

Scott Tong | Sep 19, 2007
China's having inflation worries of its own. Beijing imposed price controls today on almost everything. The rising cost of food is the most worrisome in a country that has 1.3 billion people to feed. But Scott Tong reports the Chinese won't be the only ones paying the price.

Investment banks still counting losses

Amy Scott | Sep 19, 2007
Analysts were pleasantly surprised when Lehman Brothers reported a mere 3% drop in profits yesterday. But Morgan Stanley said today its earnings fell 17%, with almost $1 billion in bad loans to write off. Marketplace's Amy Scott explains the disparity.

U.S. dollar drops to loonie level

| Sep 19, 2007
The U.S. greenback is within a penny of the Canadian dollar -- something that hasn't happened in decades. Alison Myers reports that it could mean a lift for American retailers.
Posted In: Canada, Travel

GM, UAW may put faith in trust fund

Jeff Tyler | Sep 19, 2007
General Motors and the United Auto Workers today got back to hammering out a new contract that could be a model for deals with Ford and Chrysler. Jeff Tyler reports the two sides are getting creative to solve the critical problem of healthcare costs.
Posted In: Auto, Jobs

Inflation turns on global economy

Jill Barshay | Sep 19, 2007
For the first time in almost a year the Consumer Price Index dropped in August. Roll that in with the reported drop in wholesale prices and it's a nifty economic shapshot, no? But Jill Barshay reports the picture's actually not so clear.
Posted In: Economy, Retail

A Half-Point Cut

Chris Farrell | Sep 19, 2007
Well, as everyone knows by now the Fed opted for a dramatic half point cut in its benchmark interest rate. And the stock market loves it--so far.

Many consumers expect recession

Steve Henn | Sep 19, 2007
A poll out today from Reuters shows one-third of Americans believe we're heading for a recession. But who's to blame? Steve Henn did his own poll this morning in D.C.
Posted In: Housing, Wall Street


Chris Farrell | Sep 19, 2007
The Center for Retirement Research at Boston College has released a new Issue in Brief: "The Role of Private Insurance in Financing Long-term Care"...