Those who think American stock markets are shaky should check out the Shanghai Composite index. It's off almost 35% so far this year. Marketplace's Scott Tong in Shanghai discusses the ways of Chinese investors with Kai Ryssdal.
Expectations are not high for the earnings reports that big Wall Street investment firms are turning in this week. In fact, Marketplace's Jill Barshay learns that financial sector earnings, "are going to be miserable."
Given the state of the economy, maybe it shouldn't have been such a shock when General Electric reported a 6% drop in first quarter profits. But it was. And if there's one thing Wall Street doesn't like it's surprises. Bob Moon reports.
Much of America's trade gap with China has been tied to the yuan holding at 8 to the dollar. The U.S. has pushed China to lower that imbalance and today the yuan fell below 7 to the dollar for the first time. But Alisa Roth reports it's a case of being careful what you ask for.
Unconfirmed reports say Citigroup is close to selling $12 billion in loans, at a sizable loss, that it wants to get off its books. How much are bad loans worth and why would anyone buy them? Bob Moon reports.
Former Fed Chairman Alan Greenspan has embarked on a public relations campaign as criticism of his interest rate cutting spree of earlier this decade has mounted. He says he has no regrets about any of his policies. Kai Ryssdal has more.
Morgan Stanley wrote off $9.5 billion worth of subprime mortgages last quarter, so you might expect its executives to get a grilling at the annual shareholders meeting. Nope. Didn't happen. Michelle Leder of Footnoted.org discusses why that is.
Microsoft is giving Yahoo's management three weeks to accept its takeover bid before it goes straight to shareholders. But Yahoo's CEO says Microsoft just needs to make a better offer. Sam Eaton reports.
Troubled mortgage lender Washington Mutual is close to nailing down $5 billion from a private equity firm. And, Switzerland's Novartis is spending $39 billion for a majority stake in the U.S. eye-care company Alcon. Jill Barshay reports.
The U.S. edition of the Wall Street Journal is going to be printed and sold in London for the first time, which some see as a predatory move by the Journal's new boss, Rupert Murdoch. Stephen Beard reports on the opening salvo of a new circulation war.
