The Labor Department reports this morning that first time unemployment claims are down. But the joblessness problem in America is far from being solved.

China is far outpacing the U.S. in solar panel manufacturing -- a fact American producers say is in part due to a violation of global trade rules.

Things in Europe are looking up, as German leaders have agreed to extend the proposed eurozone bailout fund. But the victory might have damaged Angela Merkel politically, hurting future progress.

Fed Chairman Ben Bernanke spoke last night about the need for the U.S. to learn about financial responsibility from emerging economies. He also said such nations need to start thinking more globally.

H&M will roll out its latest collaboration with haute couture designers, the first mid-level retailer to do so since the Missoni stampede at Target.