Spending cuts are likely to be part of any deal to lift the debt ceiling. Conservatives argue without these cuts, raising the debt ceiling just hurts private sector jobs.
The St. Louis Rams' home stadium — the Edward Jones Dome — was ranked the worst stadium in the NFL. Now St. Louis residents are faced with a tough decision: pay for stadium renovations, or lose the beloved team.
The Italian automaker will pay $500 million for the U.S. government's remaining 6 percent in Chrysler — allowing Fiat to gain the majority stake in the American automaker.
The Organization of the Petroleum Exporting Countries will meet next week to discuss high oil prices and concerns over future global demand, as well as production cuts in Libya and the continuing turmoil in North Africa.
The U.S. Labor Department reported this morning that the unemployment rate rose to 9.1 percent in May and employers hired only 54,000 new workers — the fewest in eight months.
As the company continues to recovery from the recent hack of its PlayStation Network, Sony has been hit once again by an attack — this time on its movies site.
May job growth reached a nine-month low as the Labor Department announced unemployment grew to 9.1 percent. Chris Low, chief economist with FTN Financial, explains.
Marketplace Morning Report for Friday, June 3, 2011
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