In a significant game-changer in the fast food industry, Taco Bell recently outpaced some of its main competitors with the launch of Doritos Locos Tacos, selling roughly one million of these tacos a day last year.
The Dow hit a record high yesterday, but other economic indicators show lower wages and diminished household wealth. Dan Gross, columnist and global business editor at Newsweek and the Daily Beast, discusses what numbers really describe the overall state of the new US economy, and who stands to benefit and get left behind.
Mitt Romney's background at Bain Capital has become a big campaign issue. Most times, Bain Capital and Romney are grouped under the private equity banner. Other times, they're grouped under the venture capital banner. Which is it? Brooke speaks with Emily Mendell from the National Venture Capital Association and Dan Gross from Newsweek Dailybeast.
Since the financial collapse in 2008, Americans have become accustomed to hearing grim news about the state of the economy. But author and economics editor Daniel Gross has a more optimistic take. In his new book, "Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy," Gross argues that the country's initial reaction to the economic hardships have paved the way for a brighter, stronger future.
Economics editor and columnist at Yahoo! Finance, Dan Gross, discusses why Operation Twist may not have worked in the 1960s and why many don't think it will work today.
The Federal Reserve has pledged to keep interest rates low for the foreseeable future. Does it change your behavior? Daniel Gross, columnist and economics editor at Yahoo! Finance, discusses the possible effects of this decision on the financial habits of individuals.
Friday produced another round of ugly job numbers as the country's unemployment rate inched up to 9.2 percent. Yet in Washington, the conversation remains fixed squarely on a compromise to raise the country's debt ceiling. Have lawmakers forgotten about the country's unemployed? And what about the "99'ers," the individuals who have exhausted their 99 weeks of unemployment benefits and are left with no government assistance? Where do they fit into the picture?
Demonstrators continue to protest in the streets of Athens today, amid violence and tear gas. Many Greeks are not happy with their government's upcoming vote on austerity measures, which would mean higher taxes and many spending cuts. If Greece's government does not pass the austerity measures, though, they would be at risk of not receiving a €12 billion bail-out, and becoming the first eurozone country to default.
President Obama will be speaking with workers at a Chrysler plant in Toledo, Ohio, on Friday. The visit comes on the back of a report released showing the government’s $80 billion auto bailout will only cost taxpayers about $14 billion at the end of the day – far less than originally expected. The report also shows the American car industry has created 115,000 jobs since the government stepped in. The president will be selling this as a big success story – but is it?
The Fed yesterday called economic recovery "disappointingly slow," but there may be some optimistic news out today. Unemployment numbers released today place the unemployment rate holding steady at 9.6 percent, but nonfarm payrolls are up 151,000. Yahoo Finance economics editor and columnist Dan Gross deciphers the numbers for us, and tells us about what he calls "non-end-of-the-world-data-flow."
President Obama is embarking on a week of focusing on the economy. He will visit Milwaukee to address Wisconsin's union workers; Cleveland, where he's expected to give details on his ideas to improve the economy and spark job growth; and back to Washington D.C. for a White House news conference on Friday.
Dan Gross, senior editor and finance expert at Newsweek, says tax breaks to encourage companies to hire will be the main item on Obama's agenda.
On the heels of the House and Senate deal on financial reform, President Barack Obama is heading to Toronto for the latest G-20 summit. "This weekend in Toronto I hope we can build on this progress by co-ordinating our efforts to promote economic growth, to pursue financial reform and to strengthen the global economy," the president said during a press conference outside the White House this morning.
To give us a breakdown of what will be on the docket at the G-20, we turn to Newsweek and Slate columnist Dan Gross.
It's Monday, which means it's time to check what's on the agenda this week. Marcus Mabry, associate national editor for The New York Times, and Dan Gross, senior editor and finance expert at Newsweek, look at what's ahead for BP; what unemployment numbers, due out on Friday, will say of the economy; and court hearings for two accused home-grown terrorists, Major Nidal Malik Hasan, the suspected Fort Hood shooter, and Faisal Shahzad, the accused Times Square bomber.
What price should BP pay for the ongoing oil disaster? Dan Gross, senior editor at Newsweek and Slate columnist, previews the president's news conference on the oil spill. In his most recent column he asks for ideas of how best to punish or incentivize companies to adhere to better safety standards. Tell us your idea!
After months of debate and attacks from both sides of the aisle, the Senate passed a financial regulatory bill by a 59-39 vote, Thursday. The biggest change in the bill is the creation of an agency whose sole job is to monitor fairness of any product that is bought by the consumer. Next, the Senate and House versions of financial reform have to be reconciled and combined before heading to the president's desk, perhaps as early as the Fourth of July.
Newsweek columnist, Dan Gross, tells us how the European Leaders' agreement to give Greece some debt relief may affect the U.S. markets. Among other things, Gross says it might be good news for Americans traveling overseas.