Economy - Most Recent


PODCAST: Foreclosure closure

Feb 9, 2012
The Obama administration and almost every state have reached a settlement with the country's largest banks over allegations of abusive foreclosure practices. We check in with the Mayor of Los Angeles on his vision for the city, which is the second largest metro area in the U.S. A new survey out by the Pew Research Center shows that young adults have been hurt the most in the recession. And bankruptcy lawyers are warning that the latest "debt bomb" will come from student loans.

How do Americans feel about the banks?

Feb 9, 2012
Americans' feelings on the foreclosure deal, banks and whether they should worry about the European debt crisis. Gallup's Frank Newport offers up the latest data.
Posted In: foreclosure, Banks, Greece

$25 billion foreclosure settlement announced

Feb 9, 2012
Five big banks punished for illegal lending practices.
Posted In: mortgage crisis, robosigning, President Obama, foreclosures, Housing

States, banks reach $25 billion mortgage settlement

Feb 9, 2012
State and federal authorities unveil a $25 billion deal with big banks to address foreclosure abuses and to aid underwater homeowners.
Posted In: Housing, foreclosure, mortgage settlement

A little risk in the portfolio could be worth it

Feb 8, 2012
The markets will always have their ups and downs, but Josh Brown of Fusion Analytics thinks the best way to prepare for a long retirement is to keep a little risk in your portfolio, especially as markets are looking up.
Posted In: stock market, Retirement, stocks

Some banks offer extra incentive to short sell homes

Feb 8, 2012
Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."
Posted In: short sell, foreclosure, JPMorgan, underwater mortgage

PODCAST: Smelly bus stations and a sauerkraut highway

Feb 8, 2012
The Federal Reserve could vote today on a proposed merger between Capital One and ING Direct USA. We talk to two unemployed Spanish women about what it is like to live in a country with such poor job prospects. The Grand Canyon announces a ban on bottled water, despite fears that Coca-Cola, a big parks sponsor, would react badly. And Wal-Mart chooses a new head for its China operations.

Low job ‘churn’ hurting economic recovery

Feb 8, 2012
Risk-averse Americans are less and less willing to quit their jobs in pursuit of a better fit.
Posted In: Jobs, employment, churn

Markets rise on 'surprise and relief'

Feb 8, 2012
With investors feeling emboldened by a strengthening world economy, markets have steadily climbed since October.
Posted In: Europe debt crisis, stock market

New foreclosure numbers sound good, but...

Feb 8, 2012
Foreclosures are down, but a legal settlement may change the outlook.
Posted In: Housing, foreclosure