News In Brief

MID-DAY UPDATE: Economic news bad. Stock prices good.

Bill Radke Jul 22, 2010

Sales of previously occupied homes fell in June; new unemployment benefit plans rose. Yet at this writing, Wall Street’s jumping. What do stock investors know?

Maybe this: Recognize these names? Caterpillar. 3M. UPS. AT&T. Xerox. All are predicting a better day ahead.

Wall Street reporter Jeremy Hobson is getting a reality check. He’s in Memphis talking to a woman who feels like a prisoner in her home because she’s surrounded by boarded-up foreclosures and violent squatters.

Maybe putting down roots isn’t for everyone. The government may back away from a decades-old love affair with homeownership.

Four of the world’s biggest oil companies are forming an oil spill rapid-response unit. BP is not in the club.

The new financial rules overhaul cracks down on ratings agencies. So ratings agencies say fine, we’re out. Whoops.

Oh, and a new study suggests summer vacation … stresses workers out.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.