Consumption has nearly doubled in the U.S., and fashion leads the way. One growing retail fashion chain, H&M, specializes in budget knockoffs of high-end clothing, with inventory coming in daily. Amy Scott reports from the shopping frenzy.
The free-trade agreement with Peru passed in the House comes with staunch opposition from the Democrats. Dan Grech reports the issue comes from the fact that the agreement is about more than just trade.
It might be bad for foreign travel, but a weakening U.S. dollar is actually good news for trade. Paul Brandus reports the extra competitive edge from a cheaper buck can help generate an extra $100 billion in exports.
The Federal Reserve chairman gave his report on the economy to a congressional committee today. What did he say that we could understand? Kai Ryssdal plays translator.
Gold is close to being at an all-time — which is good news for South Africa, the world's leading gold producer. Gretchen Wilson looks into what's making gold a popular investment right now.
The European Central Bank must decide whether to raise or lower euro interest rates. Stephen Beard reports on the many factors at work, including the price of oil and the euro's fast rise against the U.S. dollar.
Fed Chairman Ben Bernanke has a two-fold problem when addressing the economy — we can either have inflation or a downturn. Paul Brandus explains he may want to retain balance by maintaining a stable policy.
It's generally accepted that oil prices are going to reach $100 a barrel one of these days. Jeff Tyler reports on just how painful that might be, both here and abroad.
Recent market euphoria gave way today to worries over the ever-deepening subprime credit crisis, the weakening dollar and record oil prices. Bob Moon looks into what happens if investors overdose on the negatives.
A report out today from the Federal Reserve reviews the health of the American consumer. Paul Brandus reports that with the current economy, U.S. consumer health will likely deteriorate rapidly as the holidays approach.
