Mid-day Update - Most Recent
Apr 10, 2012
It's been more than four years since the giant investment bank Bear Stearns collapsed, and the banking system is still in trouble -- but bank stocks have been soaring recently. Facebook is making its biggest purchase yet, as it gears up to go public. This Sunday is the 100th anniversary of the sinking of the Titanic, and Belfast, Northern Ireland is hoping to become the center of Titanic tourism.
Apr 10, 2012
Turns out, many Americans who purchase a hybrid car end up going back to a non-hybrid the next time they hit the car lot.
Apr 9, 2012
China correspondent Rob Schmitz reveals what he found on his recent trip inside a Foxconn factory. Sony is reportedly set to cut 10,000 jobs; it's the first major move by its new CEO. Investors are urging British grocer Tesco to ditch its U.S. chain of Fresh & Easy stores. Stove Top stuffing is trying to woo consumers year-round. And Mike Huckabee launches his syndicated radio show today, bringing new competition to Rush Limbaugh.
Apr 9, 2012
There was one tiny bright spot to March's unemployment report: 164,000 fewer people were looking for work. One particular demographic that has dropped out of the search -- Baby Boomers who are choosing to retire prematurely.
Apr 6, 2012
The Labor Department reports the U.S. economy added 120,000 jobs in March, a disappointing number compared to economists' expectations. Manufacturing, though, continues to play a major role in the U.S.'s economic recovery. Apple users got a wake-up call after 600,000 Macs were reportedly infected with a virus. AT&T workers could strike this weekend if negotiations fail. Youth unemployment in Europe is at dangerous levels. And a financial trader known as the "London Whale" is making a splash on Wall Street for making massive bets on complicated financial markets.
Apr 5, 2012
President Obama is slated to sign the JOBS Act into law later today. It's a plan to spur hiring by easing some regulations on small businesses looking for investors, and one provision legalizes something called "crowdfunding." In Spain, the debt crisis continues to worsen, leaving many worried that it will follow in the footsteps of troubled Greece. The Masters golf tournament starts today, and Tiger Woods is back on the heels of his first PGA win in two years.
Apr 5, 2012
One New York Times reporter recently received the best assignment ever: to play billionaire for a day. We chat about what his day was like, and what surprised him.
Apr 4, 2012
The Federal Reserve has released its latest minutes as well as the results of an investigation which found that the Fed didn't contribute funds to Watergate, or other scandalous causes. The U.S. is increasing pressure on Iran to curb its nuclear program, but India -- a long-time U.S. ally -- is reluctant to go along. And last year, Starbucks initiated the Create Jobs for USA Fund; because of its success, Google and Gap are ready to join in.
Apr 3, 2012
Car manufacturers report sales numbers for last month today, and one thing that might have hit them hard is gas prices. Next week will mark 100 years since the maiden voyage of the RMS Titanic, and we speak to Robert Ballard, who discovered the Titanic wreck in 1985, about the state of deep sea exploration these days. If you're a regular user of Facebook or Twitter, you're likely familiar with the KONY 2012 video -- and now, the group behind it is preparing Kony 2012, Part 2.