Commentator Fareed Zakaria says the growth of developing economies is a major factor in our current economic crisis. We know how to handle a recession, he says, but the worldwide growth we're now seeing isn't something we've dealt with before.
Although the cost of feed is soaring, the cost of chicken has barely budged this year. Ashley Milne-Tyte reports that chicken producers would love to raise their prices like everyone else, but are held back by retailers.
Europe's largest bank, HSBC, has made another big write-down because of subprime mortgages in the U.S. This news comes even though the bank has had a profitable first quarter. From London, Stephen Beard reports.
How could an attempt to diversify turn volatile and raises food prices worldwide? Jill Barshay explains the unintended consequences of large-scale commodity investment.
Gas, food, copper: prices are rising all around us and inflation talk is picking up. Tess asks Janet Bodnar how to protect your money from rising inflation.
Battered Citigroup has raised money from investors, laid off employees and sold off chunks of the business. It wasn't enough. Today the company announced it would sell off $400 billion in assets. Amy Scott has more.
Next week, the government releases its consumer price index for April, so we'll get to see just how high the cost of living has jumped, right? But economists aren't predicting a big jump in the cpi. Nancy Marshall Genzer asks why.
In November, radio station giant Clear Channel announced it would be taken private in a $20 billion leveraged buyout. Now, the banks that were to finance the deal want to back out. Dan Grech has more.
Tax-rebate checks go out Friday as part of the $150 billion economic stimulus effort. And retailers are eager for a cut of your cash. We went looking for some of the more unusual ways people are planning to spend their rebates. Kai Ryssdal reports.
While it seems the price of everything is rising, electronics — computers in particular — are getting more powerful and cheaper at the same time. But Lisa Napoli reports that's about to end.
