CVS made big news this week when it announced it will stop selling tobacco products by October. The move comes as the drugstore chain has been transitioning away from retail and opening more in-store health clinics. This week on Money Talking examines how the decision could affect the company's bottom line, what it has to do with Obamacare and whether Walgreens is likely to follow suit. Plus, a look at Twitter's first earnings report since its IPO.
This week on Money Talking, Rana Foroohar of Time magazine and Ben White of Politico weigh in on what companies and lawmakers need to do in 2014 to keep the U.S. economy moving in the right direction.
Janet Yellen, President Barack Obama’s nominee for chair of the Federal Reserve, gave a passionate defense of stimulus efforts in Senate hearings Thursday. If confirmed, Yellen, who currently holds the number two post at the Fed, is expected to reinforce many of the policies current Chairman Ben Bernanke has put in place. But there are some significant ways in which her economic philosophies differ from Bernanke’s. Heidi Moore, finance and economics editor for The Guardian U.S. explains.
The hedge fund SAC Capital Advisors has plead guilty to insider trading violations and will pay a $1.2 billion penalty-- the largest fine of its kind in history. The Takeaway is joined by Heidi Moore, finance and economics editor for The Guardian U.S. to discuss the latest details of this developing story.
The September jobs report finally arrived today, delayed nearly three weeks because of the government shutdown. Despite the shutdown, the economy kept bumping along without the federal unemployment numbers. Is the private economy really so dependent on government data? Joining The Takeaway to examine the history and credibility of federal economic data is Heidi Moore, finance and economics editor for The Guardian U.S.
Computer glitches on the Nasdaq stock exchange brought a halt to trading of thousands stocks and options Thursday in what some are calling "the flash freeze."
It's been a week of ups and downs for shareholder activists — powerful investors who buy up stock in companies to shake them up and get the stock price moving.
Former JPMorgan Chase & Co. trader Bruno Iksil tallied more than $6.2 billion in losses last year in one of the company's most questionable and disastrous years of trading. But Iksil won't be facing charges for his role in JPMorgan's actions—he'll be serving as an informant. Heidi Moore, The Guardian's U.S. finance and economics editor explains.
The SEC secured a courtroom win against an employee of a Wall Street bank at the center of the financial collapse. A jury Thursday found former Goldman Sachs trader Fabrice Tourre, the self-proclaimed "Fabulous Fab," liable on six counts of fraud.
President Obama and his economic advisers are talking openly about trying to fix persistent income inequality in the United States. But how? Bloomberg News Congress reporter Kate Hunter and The Guardian's Heidi Moore discuss the latest push, including the options on the table for the next Fed leader.
Eric Holder was grilled on Capitol Hill yesterday about Benghazi, prosecuting leakers, and more. Amidst the testimony, he also clarified his position on prosecuting banks. Heidi Moore, finance and economics editor at The Guardian, rounds up some of the latest economic news, from Holder's comments, Bloomberg terminal "snooping," JP Morgan's Jamie Dimon on the hot seat, and what the Justice Department's handling of the AP's phone records means for journalism in general.
The background and implementation of sequestration can get pretty complicated, so we're partnering with The Guardian U.S. on a live chat to help answer your questions.