To cut back on holiday spending, some people aren't even splurging for "season's greetings" cards this year. But Bob Moon reports a good percentage of people will likely continue to buy cards — especially in the corporate world.
In a bold move to revive the economy, the Federal Reserve dropped the federal funds rate to 0.25%. Tess Vigeland talks with Bob Moon about the impact of the rate cut.
A year into a recession and job losses are getting steeper. That's not good. Recovery hinges on people working and starting to buy again. Senior Business Correspondent Bob Moon looks at where we can go from here.
A couple of months ago the Wall Street powerhouse decided the investment banking wasn't such a good idea anymore. So it turned itself into a full-service operation. Now it reportedly is considering becoming an Internet banking start-up. Bob Moon reports.
Citigroup is teetering on the edge of collapse, and the Federal Reserve keeps trying to salvage the economy by throwing money at it. Senior Business Correspondent Bob Moon reviews the week's developments in the financial crisis.
In the best-case scenario of the government's latest rescue effort, the Fed buys up outstanding mortgages to get banks lending and consumers spending again. But Senior Business Correspondent Bob Moon asks, Is this going to work?
The value of all the credit default swaps could be $40 trillion or $50 trillion — nobody knows for sure. But Bob Moon reports even some initial data could shed enough light on the subject to shock regulators into action.
When gas prices increased, so did noble things like public transportation ridership and sales of fuel-efficient cars. Now that gas prices are sliding, have bad habits returned? Senior Business Correspondent Bob Moon reports.
The Japanese yen has long been a source of low-interest capital for big borrowers from around the world. Then the global financial crisis hit. Senior Business Correspondent Bob Moon explains what happened next.
The Fed is planning to step in today to buy the promissory notes of top-rated companies, providing relief for cash-strapped businesses. Bob Moon reports investors are cold, but open to the move.
