Economy - Most Recent


People crowd the first floor of a Macy's before the store's midnight opening that kicks off the "Black Friday" shopping weekend. A social-media campaign to boycott Black Friday in protest of events in Ferguson, Missouri, has begun to take shape.

The bigger influence on retail: Black Friday, or Sandy?

Dec 13, 2012
Hurricane Sandy sparked spending in the Northeast, but Black Friday is national and so has more impact on retail sales.
Posted In: Retail, Hurricane Sandy, Black Friday

Bernanke says 'fiscal cliff' is a good name for a scary thing

Dec 12, 2012
Fed chairman Ben Bernanke said he's going to keep interest rates at or near zero as long as the unemployment rate is higher than 6.5 percent, and the inflation rate is 1.5 percent or less.
Posted In: Ben Bernanke, Federal Reserve, fiscal cliff

PODCAST: What's next for right-to-work, buying your own island

Dec 12, 2012
What's next for right-to-work: We'll look ahead after the big vote in Michigan, talk about the economics of the North Korean missile launch, and talk with the author of Encyclopedia Paranoica -- a big fat book of all the horrible threats under which we somehow continue to live our lives.

Fed wraps up regular policy meeting

Dec 12, 2012
It's the second and final day of the regular policy meeting at the Federal Reserve. Later today we'll hear what, if any, additional monetary stimulus the Fed Board might endorse as the latest round of quantitative easing is set to expire.
Posted In: Federal Reserve

Report: FHA foreclosures feed off each other

Dec 12, 2012
Government-backed loans with the Federal Housing Administration help borrowers who might look like a foreclosure risk. And the reality is many of them are.
Posted In: Federal Housing Administration

Corporate tax reform could help avoid fiscal cliff

Dec 12, 2012
President Obama and House speaker John Boehner are still tussling over the details of any fiscal cliff deal. But the Wall Street Journal reports that, now corporate tax rates have entered the discussion.
Posted In: fiscal cliff, corporate tax, Washington D.C.

PODCAST: Right-to-work in Michigan, Santa's political party

Dec 11, 2012
The "right to work" battle is raging in Michigan; A huge penalty for a money-laundering bank; The IMF delays a big bunch of money that was headed for Egypt. And what's the difference between $10 and $15 an hour? Bigger than you might think.

Markets await news from Federal Reserve

Dec 11, 2012
The Federal Reserve committee that sets U.S. monetary policy meets today and tomorrow.
Posted In: Federal Reserve, Investing, QE3

Fed expected to continue 'QE3'

Dec 11, 2012
Fed boards hopes to nurture housing recovery with purchase of mortgage-backed securities.
Posted In: Federal Reserve, QE3, quantitative easing, fiscal cliff

A job market for vets helping vets

Dec 10, 2012
Thousands of veterans who have served in Iraq and Afghanistan need counseling and their fellow soldiers are helping to meet the demand.
Posted In: veterans, trauma, mental health, PTSD