Intended to tap into the fast-growing carbon allowances market, the Green Exchange, a joint venture between the New York Merchantile Exchange and big Wall Street banks, will open early next year. Sarah Gardner reports.
Dow Jones shareholders, mainly the Bancroft family, are expected to formally approve the takeover by Rupert Murdoch's News Corp tomorrow. They'll get $5 billion in exchange for giving up the Wall Street Journal. Stacey Vanek-Smith reports on what's in store for the companies and the paper.
After hearing howls of complaint that it didn't cut interest rates enough, the Federal Reserve announced a plan today to get liquidity liquid again. Marketplace's New York bureau chief Jill Barshay explains, with Kai Ryssdal.
A superfund intended to shore up confidence in Structured Investment Vehicles devastated by the subprime crisis has never caught on with banks. And today Warren Buffet put what's probably the last nail in its coffin. Amy Scott reports.
Mr. Bernanke and his colleagues at the Federal Open Market Committee cut short-term interest rates a quarter of a point today. But Wall Street and everybody else was banking on a half-point cut. Kai Ryssdal has the details.
There was a certain beauty to today's unemployment report. The economy added almost 100,000 new jobs last month and you could interpret the numbers just about any way you wanted — good, bad, or none of the above. Steve Tripoli reports.
Does it take luck or skill to make money in the markets? Lisa Napoli explores financial chance versus ability with engineer Stan Mazor, co-inventor of the first silicon chip and author of the book "Stock Market Gambling."
The White House unveiled its official response to the subprime crisis today — a rate freeze for some of the 2 million adjustable rate mortgages that are going to move higher over the next two years. Bob Moon has the details.
That mortgage relief the White House has been promising is apparently on the way. Word today is that a plan now is in place to freeze interest rates for some homeowners. Jill Barshay explains.
