The United Auto Workers union has decided to make concessions to the Big Three carmaker in an effort to help them make their case to Congress for about $34 billion in loan guarantees and lines of credit. Nancy Marshall Genzer reports.
Hedge funds seem to make headlines when things go bad on a trading day. But what are these funds and how do they really affect the stock market? Mitchell Hartman explains the term in our latest Marketplace Decoder.
Treasury Secretary Henry Paulson may soon ask for the next big chunk of the $700 billion bailout. But where was the first $250 billion spent? Ashley Milne-Tyte breaks down the fund allocation with Steve Chiotakis.
Edina, Minn., a wealthy, mostly white-collar suburb of Minneapolis, has not seen the upheavals of the economic crisis that have hit other cities — yet. Annie Baxter reports.
What's it like for consumers who are trying to get out from under mortgages they can't afford? Kai Ryssdal finds out from Fred Glick of U.S. Loans Mortgage in Philadelphia.
Niall Ferguson, author of "Ascent of Money," talks with Kai Ryssdal about how competition between banks and their drive to boost share prices has led to today's financial mess.
The Big Three automakers return to Congress this week to present improvements they'll make if they get bailouts. Kai Ryssdal asks industry analyst Eric Noble if smaller business models, green technology and executive pay cuts are enough.
If the Federal Reserve lowers its interest rate to zero — and there have been indications that might happen — it can't go any lower. So, what's left? Nancy Marshall Genzer reports.
Goldman Sachs seems to have avoided the financial crises of its Wall Street rivals so far, but it's expected to post its first quarterly loss in almost a decade. Alisa Roth reports.
A new forecast sees delinquent mortgages nearly doubling by the end of next year. Homeowners with adjustable-rate mortgages, in particular, are in danger of getting squeezed. Jeff Tyler reports.
