JPMorgan Chase will be paying out millions to the government in settlements related to the Bernie Madoff Ponzi scheme. Reuters Finance Blogger Felix Salmon explains why and what it means for the bank.
This round of budget clashes are over (for now), but how should we assess the damage done by these regular crises? Bob talks with Reuters financial blogger Felix Salmon who says that the real story of these political battles is the slow motion, irreversible damage they're doing to America's financial standing.
Two days — that's how long Congress has before the nation could begin defaulting on its debt. The time crunch has lawmakers scrambling to reach a deal. But what happens if they don't?
Bitcoin is an online currency backed by no government, central authority or bank. Invented in 2009 as a response to the global financial crisis it's now worth over a billion dollars. Reuters financial blogger Felix Salmon talks to Bob about Bitcoin's impact on the real world and how every conversation about Bitcoin is making it a little bit stronger.
"If you did manage to find a multi-millionaire cow, I think S&P really would have rated it." -- @felixsalmon on ratings agency emails.— Brian Lehrer Show (@BrianLehrer) February 6, 2013
With the presidential campaign season coming to an end, the media is desperately looking for something else to endlessly obsess over. Luckily, we'll have to look no further than the so-called “fiscal cliff,” that combination of tax increases and spending cuts set to take effect after the New Year. Felix Salmon, finance blogger at Reuters, explains.
Last year more than 60 pumpkin-related dishes appeared on the menus of America’s top 250 chain restaurants. According to restraint industry analyst Dataessential, 2012 is on track to break last year’s records. So why pumpkins? And what’s the economic impact? Felix Salmon, finance blogger at Reuters, investigates.
Friday's growth report was disappointing, and the economy is growing at a snail's pace. Is this growth slow enough to justify another round of 'quantitative easing'?
Finance blogger for Reuters, Felix Salmon, discusses the Euro zone crisis and explains what might happen if Germany doesn't come to Greece's rescue.
With the chances of Congress reaching an agreement on raising the debt ceiling uncertain, politicians, economists, and members of the business community continue to fear a "doomsday scenario" in which the United States defaults on its debt on August 2. Among the economic catastrophes predicted to occur is the possibility that the U.S. will see its credit downgraded, losing its AAA credit rating for what is being said to be the first time in history. But what exactly is a AAA credit rating, and is it really so important for the nation to have one?
Home sales are down, according to numbers released today. Felix Salmon, finance blogger for Reuters, looks at the stats and how housing and jobs intersect, as well as the ongoing debt ceiling negotiations.
The old cost-saving measure of clipping pages from the backs of newspapers has been transformed into a multibillion dollar industry by the advent of Groupon, the online group coupon service. Felix Salmon, finance blogging editor at Reuters, and Andrea Woroch of Coupon Sherpa, talk to us about the history of coupons, reveal why they're such a boon to businesses, and dissect Groupon's business model.
Do you clip coupons? Have you used daily deal sites like Groupon and Living Social? If so, tell us about your experience!