The House Financial Services Committee has passed new regulations for derivatives, those complex insurance policies reponsible, in part, for the collapses at Lehman Brothers and AIG. John Dimsdale reports.
Profits at Goldman Sachs topped $3 billion. But Citigroup has struggled to squeak out a $100 million profit before other accounting charges. Steve Henn reports.
JPMorgan-Chase may have posted its biggest profits in more than a year — $3.6 billion for the third quarter — but such stellar figures aren't being seen in most other parts of the economy. Alisa Roth reports.
Jeff Saut, chief investment officer at Raymond James, talks with Steve Chiotakis about whether the big bank earnings this week are a good barometer of the health of the big financials.
The New Yorker's Nick Paumgarten talks with Bill Radke about cycle theories — why they are more popular during down markets, and why we feel the need to find patterns at all.
Financial Times editor John Authers talks with Kai Ryssdal about what has happened the past few years to change our view of the markets, and new ideas economists are exploring to account for market behavior.
When the price of a stock goes down, a short-seller who bet against that stock will make money. But even though the practice is legal, regulators worry about abuses. The SEC will take a closer look at short-selling today. Amy Scott reports.
The Case-Schiller Index and consumer confidence numbers are both out today. What do they say about the economy now? Steve Chiotakis gets a deeper analysis from Juli Niemann of Smith, Moore and Company.
