WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 each weekday. This financial wrap delivers highlights of the day's business news delivered by WNYC's reporters with context, clarity and a New York perspective.
Recently in Financial 411
Monday, April 25, 2011
Stocks fell Monday on light volume a day after the Easter holiday. Investors pushed stocks down, worried that inflation could cut into corporate profits.
Thursday, April 21, 2011
Fuel efficient vehicles are the star of this year's auto show in New York. We'll talk about what you can expect to drive in the years ahead.
Wednesday, April 20, 2011
Good news for home sales-- they rose in March. But those sales came mostly from investors paying all cash for cheap homes. The good, the bad, and the ugly of the housing sector, on the Financial 411.
Tuesday, April 19, 2011
America's biggest banks are reporting their first quarter earnings. But there's a cloud hanging over them as the government moves ahead with implementing financial regulations.
Monday, April 18, 2011
A credit rating agency's concerns about U.S. government debt sends markets sharply downwards. The U.S. still has the best rating possible. But we'll talk about why that's still not good enough for some investors.
Friday, April 15, 2011
This week, Washington finally approved a spending bill to fund the government — and then quickly began sparring over competing proposals to cut the deficit. A key figure in the state's pay-to-play pension fund investigation was sentenced, and Madison Square Garden could get a boost thanks to the Knicks and the Rangers.
Thursday, April 14, 2011
The revolving door between government and banking has been blamed for poor regulation.
Wednesday, April 13, 2011
The President's got a plan. Republicans have their own. Even blue-ribbon commissions do. Seems like everyone has a ideas about balancing the federal budget. But what if Congress did...nothing?
Tuesday, April 12, 2011
NYU Report: More Foreclosures for Multi-Family Rentals
The last two years saw more foreclosure notices for multi-family rental buildings in New York City than at any time since the early 90s. According to a report from NYU's Furman Center for Real Estate and Urban Policy, nearly 1,400 multi-family buildings went into foreclosure. The report also looked at commuting patterns in the city, and particularly, which neighborhoods bring in more workers each day than they have living there.
Monday, April 11, 2011
Economists gathered once again at Bretton Woods, the site of the landmark post-WW II monetary conference.
Friday, April 08, 2011
New York real estate developers are in a funk. We'll talk about how the expiration of a popular tax credit for developers could threaten economic recovery.
Thursday, April 07, 2011
The debate rages on Capital Hill about how to cut spending and the nation's deficit.
Wednesday, April 06, 2011
Budget Battle Continues on Capitol Hill
President Barack Obama said the economic recovery could be undermined if a budget deal is not reached by the Friday, and the government is forced into a partial shutdown.
Tuesday, April 05, 2011
You've got mail. But it might be from someone trying to steal your personal information. We'll talk about a massive security breach that has companies trying to reassure customers that their private info is is safe.
Monday, April 04, 2011
An arena rises in Brooklyn. But that's not the only way Forest City Ratner is reshaping our city. We'll take a look at the financial risks for one of the city's biggest real estate developers.
Friday, April 01, 2011
A 29,000 page history of the Federal Reserve in crisis. We'll talk about what the Central Bank's papers from late 2008 teach us about the meltdown.
Thursday, March 31, 2011
Reviewing the State Budget Plan
New York legislators reached a final budget early Thursday morning. It's the first on-time budget in five years.
Wednesday, March 30, 2011
A new survey of homes that could possibly go into foreclosure has some analysts talking about a double dip in the housing industry.
Tuesday, March 29, 2011
Fed Votes to Propose New Rules
Federal regulators voted to propose new rules that would prevent banks from dumping risky mortgages on to investors. One would require banks to hold five percent of their mortgage loans on their own books. This is supposed to discourage the kind of risk taking that led to the financial crisis.
Friday, March 25, 2011
City officials believe the five boroughs were under-counted in the U.S. Census. What would a smaller headcount mean for real estate and planning in New York City?