The financial world is waiting to see if Ben Bernanke will give any indication of a cut in interest rates at an annual monetary conference tomorrow. Tess Vigeland talks to Michael Sheldon of investment banking firm Spencer Clarke.
Do you get the feeling the market can't make up its mind? One day the Dow plunges, the next day it rockets back. Emotion is loose in the stock market, and lots of regular investors are getting wary. Steve Tripoli reports.
Two years ago, the hurricane first touched ground at low-lying Plaquemines Parish in Louisiana. Even as most businesses rebuild on higher ground, a new economic core is taking root in Plaquemines. Sam Eaton reports.
The nation's biggest banks are adjusting their strategies to deal with the supprime loan crisis, and the credit crunch could get worse for all of us. Penn State economics professor John Mason offers some perspective.
Investors are flocking to the safety of bonds as subprime lending fallout continues to drag Wall Street on a wild ride. The returns are nothing special, but some folks just want to know their nest egg is protected. Stacey Vanek-Smith reports.
Two years after Hurricane Katrina, much of the Gulf Coast is still in ruins. Half of the $100 billion in aid is tied up in bureaucracy and funds are slow in getting to the hardest-hit areas. Sam Eaton reports.
Researchers predict that 2006 data will show a dwindling middle class when the census bureau releases its annual report on income, poverty and health insurance today. And that's bad news for folks above the $75,000 line too. Jeremy Hobson explains.
Survey says: Economists now cite massive defaults on subprime mortgages and heavy debts as the top threat to the U.S. economy. As recently as March, the possibility of a terrorist attack was still the greatest worry. Janet Babin has more.
Today's reports say new-home sales are up 2.8% and U.S. factory orders nearly 6%. But, wait. Those are the numbers from July — before the subprime debacle and the credit squeeze. Jill Barshay has more.
