The Federal Reserve took some emergency measures Sunday night after fire sale of investment bank Bear Stearns. Scott Jagow talks to Hong Kong investment advisor Puru Saxena and Stephen Beard in London to get world markets' reaction.
The Fed has its eye on core inflation, but some are more concerned about costs that figure doesn't include, like energy and food. Alisa Roth explains what all the indicators really mean.
Oil is up, the dollar is down and economists are saying there's no more denying a recession. But Nancy Marshall Genzer reports despite trouble in the market, there's a silver lining to the weakened economy.
Treasury Secretary Henry Paulson outlined several recommendations yesterday for the financial markets, including tougher licensing requirements. Stacey Vanek-Smith looks at whether this extra regulation will help.
Government economists use the Consumer Price Index measure inflation based on our needs — from food and housing to clothes and transportation. But some think the CPI isn't very accurate. Alisa Roth reports.
Four dollar per gallon is slowly becoming a reality in many parts of the country. Lisa Napoli talks to Garrett Nishida, front desk manager of the Sheraton in Maui, about his feelings on the new gas prices in Hawaii.
U.S. Treasury Secretary Henry Paulson is in Washington today to discuss his plan for avoiding another credit crunch. But Nancy Marshall Genzer reports the crisis is likely to last over the next couple of months.
The Federal Reserve's plan unveiled yesterday lets big financial firms borrow from the Fed using mortgage-backed securities as collateral. But as Alisa Roth reports, there's at least one major risk.
The weakness of the dollar is one reason oil prices are flirting with $110 a barrel, but some say there's more to the story. Scott Jagow talks to Stephen Beard about the financial market versus supply and demand.
The government is considering whether the current Gross Domestic Product accurately measures U.S. economic progress. Some analysts feel the way GDP is defined can cause some big problems. Sam Eaton reports.