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.
As problems continue to develop in the credit market, the latest casualty could be monolines. Scott Jagow talks to Stephen Beard about what exactly a monoline is and how it will be affected.
If the U.S. economy were to go into a recession, it would be bad news for just about everyone from business owners to mortgage holders. But commentator Moira Manion says people like her who don't have much don't have much to lose.
It's not hard to find signs that the U.S. economy is headed for a recession. In fact, some leading financial gurus are starting to voice their worries publicly. Bob Moon reports.
Authentic Persian rugs imported to the U.S. can run up to $100,000, retail. But Americans don't really get the real deal anymore, and Iran does much better business in Asia and Europe. Lisa Chow has more.
Charles Prince's departure from Citigroup was expected, but what investors weren't anticipating were the bank's latest subprime losses. Stephen Beard explores what this could mean for the European market.
The Bureau of Labor releases September unemployment rates today, while the numbers have been stagnant Steve Henn looks into job growth over the last 10 years, and why job-seeker outlook as been so grim.
New York Attorney General Andrew Cuomo is charging Washington Mutual and a major real-estate appraisal firm with inflating home values nationwide. Bob Moon reports Marketplace looked into this — over two years ago.
