The sovereign investment fund of Abu Dhabi is giving America's biggest bank, Citigroup, some much-needed capital to offset its big mortgage losses. For some insight into this news, Bob Moon talks with David Wighton of the Financial Times.
Despite the host of bad news that hit Wall Street, there still managed to be a few winners for the third quarter. Bob Moon looks at the latest corporate report cards and tells us who came out strong.
The Organization for Economic Cooperation and Development shook investors today when it warned that overall subprime lending losses could feasibly hit between $200 billion and $300 billion. Can anything be done to limit the losses? Bob Moon has more.
The Federal Reserve followed up on its announcement of increased openness by releasing the minutes of its last meeting. That led to a volatile day on Wall Street, as traders sought to figure out which way the Fed is leaning on interest rates. Bob Moon reports on the action with Kai Ryssdal.
While airline passengers are bracing themselves for another frantic holiday season, one consumer group is hitting airports prepared for trouble — with hidden cameras. Bob Moon has more.
Federal Reserve Chairman Ben Bernanke says the central bank is going to start being more open with its economic prognostications. Marketplace's Bob Moon takes a look at what's behind the announcement with Kai Ryssdal.
The head of the Federal Communications Commission wants to relax existing restrictions on media cross-ownership in the country's 20 biggest media markets. The proposal is drawing skepticism from different sides of the issue. Bob Moon reports.
Who says things are tough all over? Wealthy individuals and big institutions with money in hedge funds are enjoying their best returns in almost two years. Gains last month averaged from 3.5% to 10%. Bob Moon reports.
Recent market euphoria gave way today to worries over the ever-deepening subprime credit crisis, the weakening dollar and record oil prices. Bob Moon looks into what happens if investors overdose on the negatives.
It's not hard to find signs that the U.S. economy is headed for a recession. In fact, some leading financial gurus are starting to voice their worries publicly. Bob Moon reports.
