The July Consumer Price Index rose more than expected, as the average weekly earnings fell in the same month. But how does that mesh with plummeting home prices? Mitchell Hartman reports.
The troublesome economy has had a visible effect on lower-income folks, but what of those who live a life of luxury? Philip Martin went to the upper-east side of New York and saw how the wealthy were struggling.
Retail sales dropped for the first time in five months, according to the monthly numbers for July. One thing Americans aren't buying much this summer is big cars. Alisa Roth reports.
Sales of motor vehicles dropped last month and electronics numbers were also low. Alisa Roth reports retailers are cautious as spending slows, but things may pick up in August as students return to school.
After some nudging by authorities, Citigroup says it'll buy back billions of dollars worth of auction-rate securities to settle accusations of fraudulent sales. Bob Moon reports.
So far, 2008 has been a roller coaster year for commodities. Host Kai Ryssdal talks with Financial Times columnist John Authers about the role speculation played in the wild prices.
Prices are shooting up in many parts of Asia, with no sign of slowing. A number of factors may make it difficult for governments to rein in inflation. Lisa Chow reports.
When the Fed gets together to discuss interest rates on Tuesday, inflation and the high prices consumers are seeing will be at the top of the agenda. Bob Moon reports.
The Federal Reserve meets tomorrow on interest rates, and Fed watchers expect the federal funds rate to stay at 2 percent. Jeremy Hobson reports why some say a steady rate is more likely — and why it may be safer.
