Business - Most Recent

Pages

Panic is over but not the problem

Aug 23, 2007
The markets seem to have calmed down a bit from the initial mortgage meltdown shock, but has the worst passed? Kai Ryssdal talked with financial strategist Richard Bove to get some guidance.
Posted In: Housing, Wall Street

Hang in there, homeowners

Aug 23, 2007
Millions of American homeowners are now trapped in adjustable rate mortgages watching their monthly payments creep ever upward as options for refinancing dwindle away. We ask mortgage consultant Kassie Welch, what now?
Posted In: Housing

Countrywide gets some color back

Aug 23, 2007
It's amazing what a little extra cash can do. Word broke last night that Bank of America bought $2 billion of stock in ailing mortgage giant Countrywide Financial, and suddenly investors are feeling a bit rosier too. Amy Scott reports.
Posted In: Housing, Wall Street

Tough econ lesson for college students

Aug 23, 2007
The subprime lending fiasco has left the entire banking system a little tight on cash. And it couldn't have come at a worse time for college freshmen in need of student loans. Stacey Vanek-Smith reports.
Posted In: Economy

Europe hints at rate hike

Aug 23, 2007
Just when it looks like the Fed might be ready to lower interest rates in the U.S., the European Central Bank has indicated it may raise rates over inflation worries. And at least one EU member state says the ECB's got it wrong, Stephen Beard reports.
Posted In: Canada, Economy

A swift reversal of fortune

Aug 22, 2007
Relative calm has settled in the stock markets. But there are still some unsettling noises coming from the housing and mortgage industries. Recently, tens of thousands of people in the lending business have lost their jobs. Bob Moon reports.
Posted In: Housing, Investing, Wall Street

Market turmoil is good for S&Ls

Aug 22, 2007
The mortgage industry can't come up with cash. Mortgage companies are laying people off — or worse, going bankrupt. But investors are smiling on one slice of the mortgage market, the good, old-fashioned thrift. Jill Barshay reports.
Posted In: Housing

Market taking toll on builders

Aug 22, 2007
The effects of the subprime crash and ensuing credit crunch have officially rippled over to home builders. Construction of new homes dropped 6.1 percent in July, falling to its lowest level in more than a decade. Amy Scott reports.
Posted In: Housing, Wall Street

Construction jobs hang on

Aug 22, 2007
The housing bubble has burst and new home construction has slowed dramatically, but a new study shows that Hispanic construction workers have managed to keep finding work. Though maybe not as much. Dan Grech explains.
Posted In: Housing, Immigration, Jobs

Soothing words from the Fed

Aug 22, 2007
Wall Street investors are still anxious to hear which direction the Fed might turn next in its attempts to calm the financial markets, but Bernanke's doing everything he can to keep the "real economy" purring. Bob Moon reports.
Posted In: Economy

Pages