Economy - Most Recent

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USPS teeters on the brink of default

Jul 30, 2012
Unless Congress does something by Wednesday, the postal service is going miss a $5.5 billion payment it owes the Treasury Department. In the long run, this could affect you, the taxpayer.
Posted In: usps, U.S. Postal Service

PODCAST: Apple sues Samsung, Geithner in Germany

Jul 30, 2012
Lawyers from the two biggest smartphone producers in the world will be in federal court in San Jose, Calif., today. Samsung is being sued by Apple for more than $2 billion in damages, as well as an injunction to stop the sale of Samsung's smartphones and tablets. And we are now 99 days away from the election. One of the key themes of the campaign up to this point has been income inequality, but President Obama's former top economic adviser Larry Summers says that's not the debate we should be having. Instead, we should focus on inequality of opportunity.

Economic sentiment in Europe at three-year low

Jul 30, 2012
To Europe, where economic sentiment is at a three year low, according to new figures out today. Though global markets seem to be putting that aside and focusing instead on a statement that came last week from the head of the European Central Bank.
Posted In: Europe

The Fed's new tool: Negative interest rates?

Jul 30, 2012
The Federal Reserve meets again this week, and the buzz is that Chairman Ben Bernanke could be considering some "new tools," for stimulating growth -- perhaps using interest rates to encourage banks to take some risks with their money.
Posted In: Federal Reserve, Ben Bernanke, negative interest rate

Weekly Wrap: Contrary economic indicators

Jul 27, 2012
The Dow vaulted back over 13,000 while Gross Domestic Product just treads water in the shallow end of the pool. What can we take away from the latest economic data?
Posted In: GDP, Gross Domestic Product (GDP), Dow, Weekly Wrap

Plenty of jobs, lazy Americans just don't want them

Jul 27, 2012
According to Fox Business reporter John Stossel, businesses are hiring, Americans just don't want "those kind of jobs."
Posted In: Jobs, hiring, work ethic, john stossel

GDP growth beats expectations, still slow

Jul 27, 2012
Four times a year, the U.S. Department of Commerce serves up the big number that tells us how much we are producing as a country. U.S. second quarter GDP grew more than economists had expected. That doesn't make it good.
Posted In: GDP, growth, construction

PODCAST: London Olympics takes off, GDP growth slows

Jul 27, 2012
The London Olympics begin today, and the eleven big corporate sponsors of the event will begin to bask in the global limelight. All that basking doesn't come cheap: All together, the sponsors have shelled out more than a billion dollars. Computer Hackers took over Las Vegas this week, as part of the Black Hat conference -- a gathering of hackers where they talk about the latest in security and security breaches. And after several years of sluggish advertising, the glossies have just posted ad sales for their all important September issues and the numbers are looking fat. With 658 pages of ads, it will be Vogue's thickest September issue since the financial crisis.

GDP growth slows to 1.5%

Jul 27, 2012
The Commerce Department announced Gross Domestic Product ticked up 1.5 percent in the second quarter. That's down from a growth rate of 2 percent in the first part of the year.
Posted In: GDP, Earnings

Commerce Department releases GDP numbers

Jul 27, 2012
The Commerce Department just announced Gross Domestic Product ticked up 1.5 percent in the second quarter -- that down from a growth rate of 2 percent in the first part of the year.
Posted In: GDP

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