The U.S. economy is shrinking, but the buck is making a comeback — in global transactions, at least. Banks are hoarding dollars, so U.S. currency is regaining its allure. Jeremy Hobson has more.
In the third quarter, American GDP shrank by 0.3% — less than analysts expected, but it still showed the U.S. economy shrinking. And, as Sarah Gardner reports, the worst may be yet to come.
Huge corporations like The Carlyle Group and Blackstone got into the private equity business when credit was easy and cheap. But now that the credit market is drying up, will the private equity game go with it? Stacey Vanek-Smith finds out.
The Japanese yen has long been a source of low-interest capital for big borrowers from around the world. Then the global financial crisis hit. Senior Business Correspondent Bob Moon explains what happened next.
Recessionary fears have really gone global now. And on Wall Street, some wondered if the Dow would drop low enough to trigger "circuit breakers," which halt trading. Kai Ryssdal turns to Jeremy Hobson for perspective.
The euro is now back where it was two years ago at $1.28. Megan Williams reports it's because investors are betting on another interest rate cut from the European Central Bank to help with the weakening economy.
