Economy - Most Recent

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Euro weakens, but just part of the economic picture

Dec 14, 2011
The euro has fallen to its weakest point against the dollar in almost a year. This helps American travelers to Europe -- but only if they can afford a vacation.
Posted In: euro, Dollar exchange rate, currency

Oil, gas prices should remain relatively steady

Dec 14, 2011
The Organization of Petroleum Exporting Countries agreed this morning to maintain global production at about 30 million barrels of oil per day.
Posted In: Oil, gas prices, OPEC

PODCAST: OPEC reaches a deal, iPads in the cockpit

Dec 14, 2011
Conflict in Washington continues over the possible extension of the payroll tax cuts, as experts disagree whether the measures help or hurt the broader economy. The SEC is pushing for a rule that would disclose the income gap between the average American worker and CEOs. It is about to get a bit more difficult to be a cab driver in Chicago. And what kind of football team will make its home in Los Angeles?
Posted In: OPEC, euro

Payroll tax cut decision should come soon

Dec 14, 2011
David Mark, senior editor at Politico, explains why he thinks lawmakers will hammer out a deal on payroll tax cuts and the budget soon.
Posted In: politics, payroll tax, Washington D.C.

Attitude Check: Who do you trust?

Dec 14, 2011
What's the biggest threat to the future of America: big business, big government or big labor? Americans weigh in.
Posted In: big business, big government, survey, public opinion

Deadlines loom for Congress

Dec 14, 2011
The House and the Senate face a number of decisions before they can head off for the holidays. Is another government shutdown possible?
Posted In: Congress, payroll tax, Keystone pipeline, unemployment benefits

Americans spending more on cars, clothing and furniture

Dec 13, 2011
American consumer spending is up, but shoppers are more conscious this time around -- and Black Friday might have been the high point of spending for a while.
Posted In: holiday shopping, retail sales, holiday discounts

PODCAST: Six months of rising sales, raising a glass of bubbly

Dec 13, 2011
The Federal Reserve officials meet today to discuss the slow domestic recovery, the ongoing crisis in Europe, and a plan for better communication surrounding its actions. In Russia, billionaire Mikhail Prokhorov announced he will run for president against Vladimir Putin in next spring's elections. Wall Street types can expect smaller bonuses this year, but many are thankful to just have a job.
Posted In: champagne, retail sales, Russia

Despite reports, odds still stacked against job seekers

Dec 13, 2011
A recent report from the Department of Labor has job listings up sharply over two years prior, but with unemployment at 8.6 percent, job openings are not plentiful.
Posted In: jobs report, Labor Department, Unemployment

Federal Reserve could begin plans to raise interest rates

Dec 13, 2011
Federal Reserve officials are expected to announce that they will keep interest rates near zero, a level that has remained steady since the financial crisis
Posted In: Federal Reserve, quantitative easing

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