This week a technical glitch in electronic trading sent the stocks of nearly 150 companies, like Bank of America and GE, on a wild ride.
It was the latest in a string of stock market snafus, including NASDAQ's botched Facebook IPO in May and the "flash crash" of 2010 when the Dow Jones Industrial Average plunged 600 points only to recover minutes later.
There’s a lot of hand wringing going on over the stability of financial markets after a wild morning of trading this week.
There is an 82 percent accuracy rate when the S&P stocks rise in an election year, the incumbent President wins, and if prices fall he will lose. Charlie Herman, business and economics editor for WNYC, joins the show to discuss how market numbers seem to influence voters.
On our Agenda for the week: Mitt Romney's international tour, the Federal Reserve and the European Central Bank meet, and the monthly unemployment report is released.
Both campaigns responded to the Colorado shooting by pulling their ads in the state which could mean a week of toned-down campaigning. But then again, it might not.
Even though the original estimate for the cost of the London Olympics was $6.5 billion, this week it was announced the cost will be over 100 percent more at $13 billion.
Public companies are releasing their second quarter earnings reports this week. They're a key indicator of how the economy is doing. Meanwhile, Republicans are stilling planning their strategy for repealing Obamacare.
Friday on The Takeaway means a chance to look back at this week’s big stories. Talking about the new employment numbers, Anderson Cooper, the Higgs Boson particle and more are Jeff Yang, Charlie Herman, and Lisa Randall.
The long wait is over. The Supreme has ruled. The health care law stands (mostly).
As the end of June approaches, The Takeaway looks at how the Obama and Romney presidential campaigns faired this month, and moreover, what July could have in store — especially as the Supreme Court is set to rule on Healthcare this week.
Next week, the Supreme Court will decide the fate of President Barack Obama’s signature piece of legislation, the Affordable Care Act, which attempts to reorganize one fifth of the U.S. economy.
Every day, there’s another story that says THIS is the event that what will determine if the single currency experiment that is the euro survives: the Greek parliamentary election; the French presidential election; a bailout of Spain’s banking sector; the interest rates on Spain’s 10-year bond; the second parliamentary election in Greece.
This week on the agenda: Greek election fallout, a federal reserve meeting, ongoing presidential campaigning, and the Vagina Monologues.
Greek elections next Sunday and last Saturday's euro zone agreement to bail out Spain’s banks are likely to drive markets this week, and the Romney campaign has seized on Obama's recent gaffe about the private economy to paint the president as out of touch with the realities of the economy.
Have you found a new job? Charlie Herman, WNYC business editor, reports that New York City added more jobs in the last four months than it had since the 1950s. Call in or post here with your positive economic indicators.
Whether it's JPMorgan's multi-billion dollar trading loss or shareholders rejecting the pay package of Citigroup's CEO debates about banks regularly dominate headlines. A new exhibit at the Museum of the City of New York about the history of banking in America shows, it's been this way since the founding of the Republic.
The NATO Summit spurs protests in Chicago all week, while European leaders continue talks that began at the G-8 conference over the weekend. The insider trading case against former Goldman Sachs director Rajat Gupta begins this week in New York, as the Senate Banking Committee starts a round of Dodd-Frank hearings. Also, just a few weeks after President Obama declared his support for gay marriage, the NAACP followed suit. The impact on African-American voters remains to be seen. Molly Ball, staff writer covering politics for The Atlantic, and Charlie Herman, business and economics editor for The Takeaway and WNYC, explain the stories of the week.
On the agenda this week: France's new president Francois Hollande travels to see German Chancellor Angela Merkel within hours of being sworn in. And both leaders travel to Camp David at the end of the week for a G8 meeting. Also, gas prices are down, and JP Morgan executives are leaving —will the campaigns continue to discuss gay marriage, or will the focus turn back to the economy?
It's a fact: Our workforce is shrinking. And as it shrinks, the unemployment rate is also shrinking. Critics of President Obama have been quick to say the president hasn't actually created jobs — the falling unemployment rate just means fewer people are trying to find work. If the job growth is an unreliable figure, and the unemployment rate is an unreliable figure, how do we measure economic change?
Charlie Herman, business and economics editor for The Takeaway and WNYC and Callie Crossley, host of The Callie Crossley Show on WGBH, explore the stories for the week ahead, including George Zimmerman's arraignment in court, the John Edwards trial, and Facebook's campaign to justify the company's projected IPO.