With oil prices reaching the $108 a barrel mark and factors like auto sales and consumer confidence down, recession could be on the way. Jill Barshay reports why oil speculators are happy, but analysts are worried.
Posted In: Economy, Investing, New York, Wall Street
The City of London Corporation is worried it may be losing the upper hand to the former Colonies when it comes to international finance. But some say the fuss over top-dog status is all hype, an effort to relax government regulations. Jill Barshay reports.
Posted In: Economy, Investing, Taxes
New problems in the municipal bond market are resulting in cities and municipalities paying record-high interest rates. And with cities making less from property taxes, some have no choice but to declare bankruptcy. Jill Barshay reports.
New York City is famous for its real estate issues, and the local museums are not exempt from space problems. Jill Barshay reports on a company that helps the art world find new space for valuable and sometimes fragile work.
Posted In: Economy, Housing, Jobs, Retail
There was a big jump in wholesale prices in January showing inflation is rising faster than it has since 1981. Yet home prices are on a steep decline. Jill Barshay reports on what the conflicting figures say about the economy.