Streams

°F Slightly cooler today with showers possible this afternoon. Hear what this means for four very different New Yorkers.

John Ydstie

John Ydstie appears in the following:

August Jobless Data To Influence Fed's Decision On Hiking Interest Rates

Friday, September 04, 2015

The monthly jobs report could tip the balance for the Federal Reserve. Policymakers are weighing whether to raise the Fed's official interest rates later this month.

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U.S. Reacts Warily To Devaluation Of Chinese Currency

Tuesday, August 11, 2015

China's large and surprising devaluation of the yuan is rippling through financial markets. The devaluation could have an impact on the price of commodities and the exports of U.S. companies.

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Jobs Numbers Suggest A Healthy Economy — And May Let Fed Nudge Rates Up

Friday, August 07, 2015

The economy likely added about 220,000 jobs in July, according to surveys of economists. That just about matches the job creation number for June, and should put the unemployment rate at 5.3 percent.

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Shell Announces Plans To Eliminate 6,500 Jobs

Thursday, July 30, 2015

Royal Dutch Shell has announced plans to eliminate 6,500 jobs as slumping oil prices force the industry to make adjustments. Shell's profits fell by more than 30 percent in the second quarter.

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China's Stock Market Suffers Largest Drop In 8 Years

Monday, July 27, 2015

China's main stock index, the Shanghai Composite Index, fell 8.5 percent Monday in the biggest percentage drop in eight years. The Chinese market had been making a comeback from a serious sell-off earlier this summer, but now much of that gain has been lost.

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Health Insurer Anthem To Buy Rival Cigna For Nearly $50 Billion

Friday, July 24, 2015

Health insurer Anthem has agreed to buy fellow insurer Cigna for close to $50 billion. NPR looks at what the deal might mean for consumers.

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Anthem To Buy Health Insurance Rival Cigna

Friday, July 24, 2015

The $48 billion deal would create the nation's largest health insurer by enrollment.

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Pop Culture Happy Hour: 'Trainwreck' And 'Ant-Man'

Friday, July 24, 2015

This week brings two summer movies into our field of vision: an unconventional romantic comedy and a shrunken (in the good way) superhero adventure.

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5 Years Later, Legacy Of Financial Overhaul Still Being Weighed

Tuesday, July 21, 2015

Republicans are pushing to roll back Dodd-Frank because they say it over-regulates the financial industry and hurts growth. Supporters say it has made banks stronger and the financial system safer.

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What Lifting Iran's Sanctions Means For U.S. Businesses

Friday, July 17, 2015

The recent nuclear deal covers only a fraction of U.S. sanctions against Iran; most of the restrictions on businesses will stay in place. But there are exceptions. Who will benefit?

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Janet Yellen Tells House Panel Interest Rate Hike Likely Later This Year

Wednesday, July 15, 2015

Federal Reserve Chair Janet Yellen told a House committee on Wednesday the Fed is still on track to raise interest rates later this year. She also faced tough questions from House Republicans who are unhappy about what they say is a lack of transparency at the Fed.

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Pressure To Act Unethically Looms Over Wall Street, Survey Finds

Tuesday, May 19, 2015

About half of the financial professionals surveyed say their competitors have behaved unethically or illegally to gain an advantage. And many say compensation and bonuses can create bad incentives.

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You've Saved Money At The Pump. Why Aren't You Spending It?

Tuesday, May 12, 2015

Falling oil prices haven't boosted economic growth as much as expected. That's partly because consumers have chosen to pay down debt and save some of the windfall rather than spend it all.

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Recovering From A Rough March, Economy Adds 223,000 Jobs In April

Friday, May 08, 2015

Following a disappointing report for March, job creation in April returned to the more robust pace of 2014. The unemployment rate also dipped to 5.4 percent. Results roughly aligned with expectations.

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Health Insurer Aetna Raises Wages For Lowest-Paid Workers To $16 An Hour

Thursday, April 30, 2015

Aetna, the giant health insurance company, raised its minimum wage this month. CEO Mark Bertolini says he expects the raise will pay for itself through increased productivity.

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Closing Arguments Begin In AIG Bailout Case

Wednesday, April 22, 2015

Closing arguments begin Wednesday in the American International Group bailout case. AIG shareholders claim the government overstepped its authority when it seized the company in a financial rescue.

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When Rates Turn Negative, Banks Pay Customers To Borrow

Tuesday, April 14, 2015

European interest rates are being pushed so low — to less than zero — that some banks are paying borrowers to take loans. Such low rates are aimed at boosting Europe's economy, but there are risks.

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Many Obamacare Policyholders Face Tax Surprises This Year

Tuesday, April 07, 2015

Depending on the size of the subsidy they got, some will get a bigger refund than expected and others will owe taxes.

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March Employment Report Shows Growth — But Disappointing Numbers

Friday, April 03, 2015

Over the past year, the economy had added more than 200,000 jobs each month. That streak broke in the most recent report, as growth dipped to just 126,000 jobs — fewer than economists had anticipated.

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Federal Reserve Says Job Market Conditions Have Improved

Wednesday, March 18, 2015

The Federal Reserve wrapped up a two-day policy meeting Wednesday, indicating in a statement that it is in no hurry to raise interest rates.

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