Today's report that inflation at the consumer level shot up more than 1% last month, due mostly to skyrocketing energy prices, puts the Federal Reserve in a tough spot. Jeff Tyler explains.
Twenty-nine years ago today, President Jimmy Carter told Americans that the energy crisis was "a clear and present danger to our nation" and drew out a plan to address it. Sustainability reporter Sam Eaton asks what happened.
The struggling automaker is cutting costs by $10 billion, laying off white-collar workers and getting rid of health-care benefits for salaried retirees. Alisa Roth reports on what GM's CEO calls a "focus on liquidity."
The Treasury Secretary and Fed Chairman faced heated questioning at a Congressional hearing today, as they laid out the government's plan to shore up Fannie Mae and Freddie Mac. John Dimsdale reports.
Economic fears have driven the dollar to a new low against the euro and a weak dollar makes everything we buy from overseas more expensive, including oil. Steve Henn reports.
Merrill Lynch is just one of the banks reporting results soon and expectations aren't good. Merrill and others are reportedly looking at selling off assets to balance things out. Amy Scott reports.
The combination of private and public ownership makes Fannie Mae and Freddie Mac hybrids, and that, says commentator Amity Shlaes, is a big part of the problem. It might be heresy to some, but she thinks nationalizing them is the answer.
The Securities and Exchange Commission says it will go after originators of false rumors intended to manipulate stock prices. But, as John Dimsdale reports, gossip has been around since the stock market began.
When mortgage lenders report second-quarter earnings this week, poor showings won't be a surprise. But Wall Street didn't wait for the reports as bank stocks traded down today. Alisa Roth reports.
