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Latest Stories

Latest Stories

Faster mortgage paydown?

Sep 16, 2008
Question: Hi! We have a 30 year fixed mortgage at 5.625% interest rate. We have $342,300 left to pay on the loan and currently pay $2,776 per month...

Economists split on what Fed will do

Sep 16, 2008
The Fed has not cut inflation since setting it at 2 percent in April, largely because of inflation fears. But turmoil on Wall Street could persuade Fed members to end that steady streak. Jeremy Hobson reports.

Thanks for the memories

Sep 16, 2008
Yesterday, tourists were posing for pictures outside of Lehman Brothers in New York City, doubtless to show everyone back home that they were there...

Oil prices drop amid economic turmoil

Sep 16, 2008
While all eyes were on Wall Street's big financial institutions, the price of oil slipped down to $91 a barrel -- a seven-month low. How'd that happen? Host Stacey Vanek-Smith asks economist Andrew Hilton.

Downturn could benefit regional banks

Sep 16, 2008
Mid-tier, regional banks have an opportunity to scoop up some of the business from their failed brethren on Wall Street. Rachel Dornhelm checks in with financial experts on how the public might respond.

Barclays looking at Lehman assets

Sep 16, 2008
British bank Barclays passed on buying Lehman Brothers, but now that Lehman has filed for bankruptcy protection, Barclays might jump back in and try to grab some of Lehman's assets. Megan Williams reports.

Suspect plastic in baby products

Sep 16, 2008
An FDA hearing today takes up a controversial plastic hardener that's used in everything from baby bottles to food packaging. Canada plans to ban it from baby bottles. Sarah Gardner reports.

For public good, not for profit.

Lehman's 'mind-boggling' debt

Sep 16, 2008
The Lehman Brothers debt is estimated at $600 billion -- an unprecedented amount. Now that the company has filed for bankruptcy protection, the more valuable assets could go quickly. John Dimsdale reports.

Is AIG 'too big to fail'?

Sep 16, 2008
Treasury Secretary Henry Paulson is saying enough is enough with government bailouts. So, what will happen with troubled insurance company AIG? Scott Jagow takes the question to the head of a British think tank.

Big firms' failures aren't the last of it

Sep 15, 2008
Lehman Brothers is filing for Chapter 11 bankruptcy, and Merrill Lynch has been snapped up by Bank of America. What's next in the mortgage-crisis fallout? Bob Moon takes us through all the changes.