Mid-day Update - Most Recent
Jun 22, 2012
The credit rating agency Moody's slashed the ratings of 15 of the world's biggest financial institutions yesterday -- including Citigroup, Bank of America, Barclay's and Credit Suisse. Mitt Romney is in Park City, Utah this weekend hosting an event for some of his biggest donors. The presidential hopeful is reportedly on track to raise $100 million this month, which could be more than President Obama raises. And Congressman Howard Berman explains why he is trying to change federal law to limit helicopter noise in residential neighborhoods of Southern California.
Jun 21, 2012
Chairman Ben Bernanke's announcement yesterday that the Federal Reserve will expand the Operation Twist monetary stimulus program has left markets and economists unimpressed. As our country still continues to recover from the recession, Marketplace's economics correspondent Chris Farrell comapres where we are now to previous economic low points. And at tonight's perfect storm -- the NBA finals matchup of the Heat and Thunder -- ticket prices are going through the roof.
Jun 20, 2012
The Fed will wrap up a meeting today in Washington, and experts are guessing that policymakers will launch more monetary stimulus to boost the economy. With austerity still the hot button word in Europe, here in the U.S., the Postal Service could be going the way of Greece if Congress doesn't pass a restructuring plan to close a multi-billion dollar budget gap. And why public transit riders aren't so happy about Apple's new operating system for iPhones and iPads.
Jun 19, 2012
Microsoft has unveiled its new tablet, called Surface. But will it be enough to compete with Apple and other tech giants? In a New York courtroom today, a famous Oklahoma City company called Kerr-McGee is being sued for $25 billion for environmental pollution. And speaking of the environment, tomorrow in Rio de Janeiro, the United Nations is holding a big conference on sustainable development.
Jun 18, 2012
After weeks of uncertainty, it appears as though Greece will be staying in the eurozone... at least for now: the pro-bailout, pro-austerity New Democracy party narrowly beat the anti-bailout Syriza party in yesterday's elections. Critics say President Obama's decision to allow undocumented immigrants to work legally will make the job market here in the U.S. even tougher. Look out for sunburns today, as some new federal rules for sunscreen products that were supposed to take effect won't actually be enforced until December. And what Microsoft is up against when it finally releases its new tablet.
Jun 15, 2012
This weekend Greece will hold crucial elections that may determine its future in the eurozone, we lay out the possible Monday morning scenarios. A barbershop quartet and the countries of the eurozone have much more in common than you think. Nokia puts giveaways to the test with free smartphones for first-year students at Seton Hall University. With few regulatory teeth, the new Consumer Financial Protection Bureau continues to carve out a role as the place people go to air financial grievances.
Jun 14, 2012
The World Bank's outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Starboard Venture has a 5 percent stake in AOL and now it wants three seats on the board of directors. Ahead of what's billed as a major speech by Barack Obama in Cleveland, Democratic strategists want the president to change his message to acknowledge slow growth.
Jun 13, 2012
The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed." Verizon Wireless announced it's scrapping unlimited data plans which could force a change in our web surfing. And the popular '80s primetime soap, "Dallas," is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.
Jun 12, 2012
Global stock markets are turning their attention back to Greece and its elections this weekend that could lead to an exit from the euro. General Motors shareholders gather today for their annual meeting where one of the main questions will be: Why has the car maker's stock price been sagging in spite of its solid earnings? A new study that finds Americans paid $30 billion in overdraft fees last year despite efforts to curb them. Despite the shortened NBA season, basketball viewership is up thanks to the likes of Jeremy Lin and the 76ers.
Jun 11, 2012
Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.