Three Americans won the Nobel Prize in Economics this morning for Mechanism Design Theory, which economists can use as a market tool. Dan Grech explains how it works.
Retail sales for September were up, according to the Commerce Department, but retailers say they're now sitting on large, unsold inventories because unusually warm weather cut into fall clothing sales. Jeff Tyler reports.
Retail sales are up 0.6 percent for September. Alisa Roth gives us a breakdown of what went right, and why good weather may have contributed to what went wrong.
Over the next year or so millions of adjustable rate mortgages will recalibrate to higher interest rates. We asked Steve Tripoli to climb into the Marketplace time machine with the dials set for, say, next August and give us tomorrow's news today.
It's now the European Union's turn to get cranky over cheap Chinese imports and call for China to revalue its underpriced currency. But does the E.U. have the economic leverage to force a change? Jill Barshay reports.
Eurozone finance ministers are trying to get China to boost the value of the yuan so it will appreciate against the euro and even out the country's trade imbalance with Europe. Kyle James reports.
The subprime crisis and the related problems of British bank Northern Rock are creating some tough times for "The City" — London's business district. Stephen Beard reports.
The dollar's recent problems against the euro might be good for American exporters, but for European finance ministers meeting this week in Germany it's become a major headache. Sam Eaton reports.
When the dollar is down and the euro is up, European companies are hurt. So the European Union's finance ministers are going over it in a two-day summit. Kyle James reports.
What's it mean for the economy that 110,000 jobs were created last month and unemployment ticked up to 4.7%? Steve Tripoli asked economists for some clarity in the Labor Department figures. But, well, they're economists.
