Latest Stories

Latest Stories


Looking good, America! . . . Er, wait

Jill Barshay | Aug 24, 2007
Today's reports say new-home sales are up 2.8% and U.S. factory orders nearly 6%. But, wait. Those are the numbers from July -- before the subprime debacle and the credit squeeze. Jill Barshay has more.
Posted In: Economy, Housing

No recalls on bad investments

Bob Moon | Aug 24, 2007
Thanks to the subprime mess, China now has its own problems with tainted imports. Its been buying products of the financial variety from American banks and brokers -- including big slices of mortgage-backed securities. Bob Moon reports on whether that could be a problem.
Posted In: Wall Street

Retailers try return policy on their stock

Stacey Vanek Smith | Aug 24, 2007
Things seem to be falling apart at the seams for some of this country's biggest clothing retailers. Ann Taylor posted a 27% decline in profits, and the Gap is cutting 2,200 jobs with sales down 5%. But both announced big stock buybacks. Why? Stacey Vanek-Smith found out.
Posted In: Retail, Wall Street

'I partied and I unlocked the iPhone!'

Kai Ryssdal | Aug 24, 2007
George Hotz, 17, has posted on his blog the instructions for how to fiddle with an iPhone so it can be used with a wireless carrier other than AT&T. Kai Ryssdal figured that was worth a conversation and called him up.

Putting new interest in payday loans

| Aug 24, 2007
Check-cashing outlets pull in pretty good profits by offering short-term loans at what can be triple-digit interest rates. The FDIC wants the nations' 22,000 payday lenders to lower those rates -- and competition's the best way to do that. Mhari Saito reports.

Week on Wall Street

Kai Ryssdal | Aug 24, 2007
Stockbroker and business analyst David Johnson talks with host Kai Ryssdal about how the markets are adjusting to the credit crunch and what may lie ahead.
Posted In: Investing, Wall Street

It's time for a sit-down strike

| Aug 24, 2007
Commentator Moira Manion works at a shop where she's on her feet eight hours a day. A few customers have told her she should sit down. She has a radical idea to make that point to her employer.
Posted In: Jobs

No, my lord, you may not rule the village

Stephen Beard | Aug 24, 2007
The days of the feudal system and its hierarchy of serfs and vassals collapsed in the 1600s. But one self-proclaimed lord of the manor in England is trying to bring those days back -- for a price. Stephen Beard reports.


Chris Farrell | Aug 24, 2007
One of my favorite blogs is the ongoing discussion between University of Chicao economist and Nobel laureate Gary Becker and University of Chicago...

Braced for more bad housing news

Steve Henn | Aug 24, 2007
New home sales numbers for July come out this morning and most analysts expect bad news as problems in the mortgage industry continue to leave builders with fewer and fewer potential home buyers. And the worst is still to come, Steve Henn reports.
Posted In: Housing