Pages
The Shard, Europe's tallest skyscraper, opens today
Jon Bithrey Jul 5, 2012
Europe's tallest skyscraper is opening today on the south bank of the Thames River. It's called the Shard -- as in a shard of glass -- and it's more than a thousand feet tall. But the real challenge wasn't just building it; they also need to find a way to fill it up.
LIBOR For Mortals: An Easy Explainer
Heidi N. Moore Jul 8, 2012
An investigation into LIBOR -- a crucial interest-rate benchmark -- has resulted in a fine for Barclays and the resignation of its chairman, Marcus Agius. But what does it all mean for the average American? Easy Street is here to help.
Explaining the Fed's 'Operation Twist' with diamonds
Paddy Hirsch Jun 26, 2012
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
The snowball way toward eliminating debt
Chris Farrell Jun 14, 2012
I have been paying down my debt using the snowball method. I'm making great headway and have cut my debt load in half in 3 years. I'm at a point where I need to choose between a home-equity loan with a variable rate (currently at 4.24 percent but eligible for tax deductions) and a car loan at 3.5 percent fixed. Which makes more sense to pay down? Scott, Chatham, MI
The Federal Reserve and interest rates
Chris Farrell Jun 8, 2012
There is an implication by those in the media that the Fed is essentially out of tools when it comes to lowering interest rates. Can the Federal Reserve lower the Fed Funds rate below zero? If so, what would be the implications for borrowers, savers and the macroeconomy? Richard, Marietta, GA
Uncertainty lingers in Spain after bond auction
Tom Burridge Jun 7, 2012
Spain raised $2.6 billion in a bond sale this morning, but the higher interest rate of 6.1 percent shows that investors are still concerned that Spain has not wiped their hands clean of the financial mess just yet.
Americans concerned over Fed's low interest rates
Frank Newport Jun 7, 2012
Fed Chairman Ben Bernanke may announce a new plan for interest rates today on Capitol Hill. Six in 10 Americans want the Federal Reserve to consider the negative impact of low interest rates on retirees and savings.
Market hope hangs on Bernanke
David Gura Jun 7, 2012
All eyes are on Federal Reserve Chairman Ben Bernanke today as he testifies today on Capitol Hill and announces his plans for interest rates and quantitative easing.
Options narrow for Federal Reserve action
Jeremy Hobson Jun 7, 2012
Fed Chairman Ben Bernanke is on Capitol Hill today and he's under pressure to do more to stimulate the economy in the United States.
Bernanke: Fed will act if there is risk
David Gura Jun 7, 2012
Federal Reserve Chairman Ben Bernanke was on Capital Hill today, he didn't rule out action, but did not suggest any immediate policy changes.
