The Labor Department reported today that the employment market lost ground for the first time in four years. The news shocked many analysts, and it could give the Fed some added cover to cut interest rates. Bob Moon reports.
The House Ways and Means Committee is looking into whether the U.S. government should raise taxes on rich private-equity firms that go public to get richer. Commentator Glenn Hubbard says that would be a bad idea.
Investors clearly have a ways to go before they'll be feeling better, based on the latest economic reports. Today, a Bush administration official warned they could be waiting a long time. Bob Moon reports.
The Federal Reserve has asked mortgage lenders and loan companies to ease up on subprime borrowers who might be facing foreclosure. Marketplace's Steve Tripoli discusses the details with Kai Ryssdal.
We all might want to extend a helping hand to homeowners on the verge of defaulting. But a study suggests some of these borrowers — house flippers and speculators — might not be so deserving of help. Sam Eaton reports.
Stockbroker and business analyst David Johnson talks with host Tess Vigeland about how the markets are adjusting to the credit crunch and what may lie ahead.
Wall Street can be an incestuous place… When Merrill Lynch downgraded its rating on Lehman Bros. because of Lehman's exposure to the credit turmoil, the investment bank downgraded Merrill Lynch. Amy Scott reports.
That's the word around some water coolers on Wall Street, as economists and investor types await Fed chief Ben Bernanke's speech today. For or against it, they'll all be looking for hints of a rate cut in the near future. Amy Scott reports.
Standard & Poor's President Kathleen Corbet has stepped down. The official line is "pursue other opportunities" but speculation says this may be just the beginning of the subprime fallout for credit rating companies. Janet Babin reports.
