May 6, 2015 The prospect of automatic tax increases and budget cuts creates uncertainty, holding back investment and hiring. Companies also are preparing to make their case to Congress for how to avoid the fiscal cliff entirely.
Oct 23, 2012 Restrictions on the sale of Facebook stock by the social media firm's employees end this week, meaning many of them will be millionaires, not just millionaires "on paper." But the sale will likely drive the stock price down.
Oct 19, 2012 Yesterday Google accidentally fired off its earnings announcement three hours ahead of schedule and profits fell quite short of expectations.
Oct 18, 2012 Google's quarterly earnings report was mistakenly released while markets were open, instead of after. A 20 percent drop in profits, as prices of online and mobile ads decline, sent shares down immediately.
Oct 12, 2012 The financial sector is doing better than last year on a bumper mortgage business and lower loan-loss reserves.
Oct 9, 2012 The third-quarter earnings season kicked off today with an ominous warning about global growth from the IMF. A weak consolation for Americans is that we are the only major economy where the IMF expects decent growth in the next year.
Oct 8, 2012 Third-quarter earnings season begins this week, with some analysts predicting the first decline in S&P 500 profits since 2009.
Oct 2, 2012 Lloyd Blankfein, chairman and CEO of Goldman Sachs, says the U.S. risks a ratings downgrade and a hit to its reputation as a global business leader as legislators battle over the upcoming 'fiscal cliff.'
May 6, 2015 You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation.