August's unemployment numbers are out today. Next week, all eyes turn to the Fed, which will detail its next big move, small move, or… no move. A University of Chicago study shows grandparents are giving more financial support and providing more babysitting help in recent years. The San Antonio school district started making its lunches healthier with a goal of fighting obesity -- and it's making money. And when it comes to home insurance, read the fine print.
Despite -- or maybe because of -- recent mass shootings in the U.S., gun manufacturers are reporting peak profits. The European Central Bank announces a bond-buying plan. McDonald's is opening two all-vegetarian restaurants in India. David Gura reports on a father and son in North Carolina who have differing views on the upcoming election. And Gallup asked American workers how satisfied they were with 13 aspects of their jobs.
Nokia unveils new smartphone today, loaded with Microsoft's new operating system. U.S. productivity rose last quarter. Next Monday, Chicago public school teachers may vote to walk off the job, marking the first big strike since 2006. FedEx downgrades its quarterly earnings. We look into the marketing of high school athletes. And China ponders the need for a stimulus package.
Turmoil in Europe continues, as it begins to look more and more likely that Greece will soon exit the eurozone. Yahoo CEO Scott Thompson resigned over the weekend, bringing yet another leadership change to the embattled tech company. New York City launches a bikeshare program sponsored by Citibank, which could prove to be profitable for both the bank and the city. JPMorgan executives face shareholders tomorrow in its annual meeting, the week after its announcement of a $2 billion loss. And endangered California condors are presenting special concern for wind farms.
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.
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.
What is the wealth gap in America? It might be harder than ever to climb the ladder of success and move up in income levels. The U.N. Human Rights Council has voted to condemn the Syrian government of President Bashar al-Assad. North Korea has reached a deal with the U.S. to suspend its nuclear program in exchange for U.S. food aid. And Justin Bieber turns 18 today, which means he finally gets access to his own finances.
It used to be that the middle class meant "doing well," and reaching the American Dream. What does "middle class" mean these days? James Murdoch steps down as chairman of News International. New Google privacy policies are about to go into effect. Super PAC money can keep candidates afloat longer. And businesses around the country are taking advantage of the extra day this year, trying to market and cash in on Leap Day.
Online user review site Yelp is getting ready for its IPO. The Environmental Protection Agency is in court to defend its landmark global warming finding. A new study reveals the wealthy may be the least ethical. The number of "supercommuters" is on the rise. And the Wealth & Poverty Desk takes a look at poverty, revealing that many who are technically living above the poverty line in the U.S. actually can’t afford to pay for basic needs like clothing and food.