The nation's largest home lender is reported to be looking for another $2 billion. The prospect that Countrywide might need more money, after Bank of America ponied up $2 billion just last month has already jittery markets on edge. Steve Tripoli reports.
Three key indicators popped onto economic radar screens yesterday and none of them brought good news. The credit and housing crises are starting to impact the larger economy, but are we on the steep road to recession? Steve Tripoli reads the signs.
Congress returns from recess this week. First up: what to do about the mortgage meltdown and ensuing credit market crisis. Some worry that lawmakers will be too generous with taxpayer money in the fix. Steve Tripoli reports.
One of the worst summers on record for airline flight delays will be capped by a tough Labor Day weekend. That's the word straight from the FAA. That and a warning that fixes don't appear to be coming anytime soon.
Do you get the feeling the market can't make up its mind? One day the Dow plunges, the next day it rockets back. Emotion is loose in the stock market, and lots of regular investors are getting wary. Steve Tripoli reports.
Ratings agencies once touted investments in subprime mortgages. Now the pain of that market's meltdown is spreading, and many are wondering why the watchdogs fell asleep at the switch. Steve Tripoli reports.
Wal-Mart's on the lookout for an executive to help shape a smaller-store strategy, and analysts have been expecting Wal-Mart to get bigger by going smaller with their new stores. Steve Tripoli reports.
States like Florida and South Carolina are jockeying to move their primaries and caucuses earlier than ever. It's mostly about political clout, to be sure, but early primaries are a boost for local economies too. Steve Tripoli reports.