Charles Prince's departure from Citigroup was expected, but what investors weren't anticipating were the bank's latest subprime losses. Stephen Beard explores what this could mean for the European market.
The Bureau of Labor releases September unemployment rates today, while the numbers have been stagnant Steve Henn looks into job growth over the last 10 years, and why job-seeker outlook as been so grim.
New York Attorney General Andrew Cuomo is charging Washington Mutual and a major real-estate appraisal firm with inflating home values nationwide. Bob Moon reports Marketplace looked into this -- over two years ago.
While the Fed is cutting interest rates to ward off an economic slowdown, the latest GDP numbers are strong -- a seeming schizophrenia that has markets jumping around. But many economists have an explanation that encompasses all the numbers. Steve Tripoli reports.
The Fed is finishing up its two-day meeting on interest rates today, and Wall Street is demanding an interest rate cut. Alisa Roth explains how some Wall Streeters are acting out like spoiled toddlers.
The dollar is at a record low against the euro, and investors are selling dollars as they expect the Fed to cut its key interest rate today. Stephen Beard tells us the relationship between interest rates and currencies.
A leading real estate index says prices for existing homes fell in August at the fastest rate since 1991. Meanwile, consumer confidence plunged last month to the lowest level since Hurricane Katrina. Amy Scott reports that some economists are seeing signs of a recession on the horizon.