Chris Arnold appears in the following:
Tuesday, March 04, 2014
Economists say the unusually severe winter weather across the U.S. has cost billions of dollars and curtailed job growth. Some sectors of the economy will likely bounce back more than others.
Sunday, March 02, 2014
There are signs that the housing recovery may be slowing, and are now at their lowest point in 18 months. Does that mean we are headed for another housing swoon?
Thursday, February 13, 2014
A fliers' revolt on Valentine's Day in 2007 led to stiff fines against airlines that kept passengers waiting for too long. The delays still happen, but new technology and better planning are making them less inconvenient.
Saturday, February 08, 2014
The U.S. added just 113,000 jobs in January, instead of the 180,000 analysts had predicted. Despite the anemic gains, the unemployment rate inched down to 6.6 percent, the lowest level since October 2008.
Saturday, January 11, 2014
The U.S. economy gained just 74,000 jobs in December, according to a disappointing report released by the Labor Department on Friday. Economists had been expecting nearly three times as many jobs. At the same time, the unemployment rate fell slightly, to 6.7 percent. It's not that more jobs were created, though — many of the long-term unemployed just stopped looking.
Thursday, December 05, 2013
Workers and advocates for higher minimum wages will be staging protests at fast-food restaurants and major retailers on Thursday. They want these companies to significantly raise the wages for their lowest paid workers. So what would happen, if for example, McDonald's raised its lowest wage to $15 an hour? In some cases, that would double the pay workers get now.
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.