Chris Arnold appears in the following:
Friday, November 29, 2013
The Comet ISON appears to have survived after disappearing and being thought dead. New NASA photos show the comet emerging from behind the sun smaller and dimmer, but still throwing a big light trail.
Wednesday, November 27, 2013
While our attention has been focused on Obamacare, there are rumblings of a major shift in the way companies offer private health insurance to workers. It involves what are called "private health care exchanges." These are similar to — but completely separate from — the public exchanges you've heard so much about.
Wednesday, November 20, 2013
The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement.
Thursday, October 31, 2013
New businesses normally create many of the new jobs in the American economy. But since the financial crisis, the pace of business formation has slowed sharply. Some economists worry that with fewer companies forming for five years now, that's going to stunt job growth for years to come.
Thursday, October 24, 2013
A jury has found Bank of America liable for fraud for shoddy mortgages sold by its Countrywide unit. The rare win by the government in a jury trial against a financial institution could open the door to more lawsuits against banks.
Tuesday, October 22, 2013
On Tuesday, the Labor Department will release the monthly jobs report — more than two weeks later than usual. The September report was delayed by the government shutdown.
Monday, October 21, 2013
JPMorgan has reached a tentative $13 billion settlement with the Department of Justice over its questionable mortgage practices leading up to the U.S. financial crisis. Renee Montagne talks to NPR business correspondent Chris Arnold about what's known so far about the terms of the deal.
Thursday, September 12, 2013
Millions of American homeowners are underwater — that is they owe more than their house is worth. That number though is falling as home prices rise, and as more houses get foreclosed on.
Friday, September 06, 2013
Job growth fell short of expectations in August. Employers added only 169,000 jobs to payrolls, and gains for June and July were revised downward. The question is whether the mediocre job growth of recent months is troubling enough to convince the Federal Reserve to delay its plans to dial back its stimulus of the economy.
Friday, September 06, 2013
The interest rate on jumbo mortgages — those that exceed a government-set cap of $417,000 — has fallen below the rate for traditional loans. Mortgage industry observers say it's the first time this has happened.
Thursday, August 29, 2013
The fast food industry has become the focal point in the drive by organized labor and its supporters for so-called living wage laws. Union members and activist groups staged another round of protests Thursday at restaurants and retail stores, calling for a minimum wage of $15 an hour. How are the protestors playing with consumers and what would happen to workers and the industry if organizers achieved their goal?
Thursday, August 22, 2013
In just the past week we've seen a bunch of signs that the housing recovery is gaining steam. Most important for the economy, homebuilders are hiring more workers and building more houses.
Tuesday, August 20, 2013
On Monday, The Wall Street Journal reported the Justice Department is investigating the bank over improper energy trading. That follows the news that the anti-bribery unit of the Security and Exchange Commission is looking into whether JPMorgan hired the children of Chinese officials to help win business.
Thursday, August 15, 2013
Millions of Americans have been living with relatives or renting, trying to ride out the Great Recession and the slow recovery. Those people may be now itching to buy homes before interest rates go up further. But some experts point to negative factors that could hold back a housing boom.
Saturday, August 10, 2013
New reports showed that home sales and prices are rising despite the recent rise in interest rates. Guest host Celeste Headlee talks to NPR's Chris Arnold about the housing market and and proposed changes for Fannie Mae and Freddie Mac.
Thursday, August 08, 2013
Mortgage giant Fannie Mae announced Thursday that it made a $10 billion profit in the second quarter. Americans may remember that the government had to bail out Fannie Mae and Freddie Mac when the housing bubble burst five years ago. Now, with home prices rising, Fannie and Freddie are profitable again. That's good news for taxpayers, as well as home buyers who count on the two companies to guarantee and finance most home loans. But some investors in Fannie and Freddie are angry. They say they deserve a share of those new profits.
Wednesday, August 07, 2013
In Boston, a billionaire entrepreneur is buying the Boston Globe. John Henry is currently the owner of the Red Sox baseball team. He says he isn't interest in trying to influence the news — including the baseball coverage.
Wednesday, August 07, 2013
The Justice Department alleges Bank of America made false statements about the quality of $850 million worth of home-loans that it sold to investors. The move is the latest in a series of cases being brought against financial firms.
Tuesday, August 06, 2013
The Justice Department has filed a civil lawsuit against Bank of America, alleging that the company lied to investors about the relative riskiness of the mortgage loans backing the residential mortgage-backed securities, made false statements after intentionally not performing proper due diligence and filled the securitization with a disproportionate amount of risky mortgages.
Friday, July 26, 2013
Federal prosecutors have been successfully obtaining convictions in a range of insider trading cases. Not so when it comes to activities by banks and other firms linked to the housing collapse and financial crisis of 2008. Experts say the reasons include the complexity of the cases and priorities of prosecutors.