In the 90s, German citizens were crazy for telecom and dot-com stocks, driving the prices up as much as 700 percent. But after the bubble burst, citizens lost interest in the German stock exchange, a fact economists now hope to change. David Brancaccio explains.
Car dealers have hit some rough road during the past couple of years -- GM and Chrysler filed for bankruptcy and took government bailouts, and hundreds of dealers closed. But things are looking up for the auto industry, and car dealers are gathering for a convention in San Francisco.
Jeremy Hobson speaks with Gus Faucher, an economist at Moody's Analytics, about today's job report from the Labor Department. Hiring activity was tepid last month. According to Faucher, more jobseekers -- including many who were not included in the recent survey -- are likely to start searching for jobs in early 2011.
It was a mixed bag from the Labor Department this morning. January showed a major drop in unemployment -- down to 9 percent -- but the economy only created 36,000 jobs. Scott Tong examines the numbers.
The European Parliament voted to make it easier for American banana growers to sell the fruit to Europe, ending two decades of colonial favoritism. Now it will be easier for American banana farmers to sell their produce to the world's largest banana market. Christopher Werth explains.
The nation's economy created 36,000 jobs last month -- not even enough to keep up with population growth, let alone boost the economy. Meanwhile, the unemployment rate fell to 9 percent, the lowest level in nearly two years. Jill Schlesinger explains the Labor Department's mixed report.
According to one bank's estimate, the unrest in Egypt has cost at least $300 million a day in lost business, Internet commerce and wages. And with no end in sight for the tumult, the costs can only go up.
The Labor Department will release its big January jobs report later this morning, and economists will be looking for growth in the leisure and food service industries. As Scott Tong explains, growth in these areas could indicate a recovery on a roll.