Posted In: Economy, Wall Street
Some say one sign the economy's on a downward turn might be walking the runways not far from Wall Street: Hemlines at NYC's Fashion Week are falling. But others say that just means lots of shopping and high prices this season. Jill Barshay reports.
Posted In: Economy, Housing, Investing, Wall Street
The Fed today cut the discount rate -- what banks pay to borrow from the Fed -- by half a percentage point. Banks use it only when they're in a bind. Like the one they've been in the past couple of weeks. Jill Barshay reports.
Posted In: Economy
Mortgage lenders are having trouble getting their hands on lots of cash right now, which has put a crimp in the business of making loans. So at least one lawmaker wants to raise the portfolio cap for Fannie Mae and Freddie Mac. Jill Barshay explains.