Mining giant Rio Tinto announced earnings more than doubled for the first half of this year. The company is hoping that will help it fight off a hostile takeover bid from rival BHP Billiton. Stephen Beard reports.
The dollar is up this morning against the trend over the last several months. Stephen Beard talks to Scott Jagow about fears of a continued struggle in the Eurozone economy and why the dollar is rising again.
The Census Bureau on Tuesday will release its updated figures on how many Americans are living in poverty. But there's actually a big debate about what the federal poverty line really measures. Steve Henn reports.
Host Kai Ryssdal goes over the week's big financial stories with stockbroker and business analyst David Johnson in Dallas, Texas. Fannie and Freddie, the Russians and gyrations on the stock market come up.
The Federal Reserve chairman says the financial storm isn't over, but inflation should ease. He also speaks of ways to discourage the risk-taking that started the credit crunch. Amy Scott reports.
Companies are reporting their profits for the second quarter, and oil and energy have profited from high prices. But Amy Scott reports if you don't count banks and other financial companies, earnings actually improved a bit.
Prices have eased at the gas pump lately, but not in the grocery stores. We're seeing the highest food price inflation in 20 years, and the government's forecasting more increases in 2009. John Dimsdale reports.
The Federal Reserve's annual symposium is getting underway today in Jackson Hole, Wyoming, and the landscape looks a lot different from last year. Dan Grech explores the Fed's role as a lender of last resort to banks.
This week, wholesale inflation is jumping at the fastest pace in 27 years. But economics editor Chris Farrell says the focus shouldn't be on inflation, but on the decline in wages. He speaks with Bob Moon.
If you wonder where the candidates are on dividend and capital gains taxes, commentator Glenn Hubbard can fill you in. Then, he'll explain why he thinks the government needs to keep them low.
