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.
Oil prices are soaring due to unrest in Libya, Governor Chris Christie revealed New Jersey's budget and President Obama is talking economics in Ohio.
Food costs are at record highs around the globe. The Financial 411 explains what the price of a bushel of wheat has to do with the political upheaval in the Middle East.
How do you make money at fashion week? Or the Westminster Kennel Club dog show? New Yorkers found ingenious ways this week of cashing in on the fancy shows.
Mayor Michael Bloomberg said the city's deficit has grown from $2.3 billion to $4.6 billion because of the end of economic stimulus money from Washington, and expected cuts in aid from Albany — which is struggling with an even steeper deficit.
The Westminster Kennel Club isn't the only show in town this week. We'll get the latest news for the littlest consumers from the American International Toy Fair at the Javits Center.
We'll talk about the merger of the New York Stock Exchange and Deutsche Boerse, a deal that would create the world's largest stock exchange.
President Barack Obama has released his $3.7 trillion budget for 2012. It's a mix of spending cuts and tax increases as well as funding for programs the president says will keep the U.S. competitive.
The New York Stock Exchange could soon be married off to a suitor — from Germany. We'll review that and all the week's business news.
The Obama administration is calling for a gradual phase-out of Fannie Mae and Freddie Mac. We'll talk about the future of the two companies that hold about half of all U.S. mortgages.
Attention online shoppers: You're spending more money! You're also spending a lot of time on Facebook.
The online coupon company Groupon provoked outrage with a Super Bowl ad critics said was insensitive to Tibetan culture. We'll talk about when expensive advertising goes wrong.
Madoff Saga Continues
Bernie Madoff has been in jail for more than two years, but we haven't heard the last of the shakeout from his Ponzi scheme. The trustee trying to recover money for bilked investors said executives at JP Morgan Chase knew there were concerns that he was running a massive fraud but ignored the warnings. A lawsuit filed in December has just been unsealed. It says the trustee is seeking $6.4 billion from JP Morgan. The bank said the suit is "meritless" and "based on distortions of both the relevant facts and the governing law."
President Barack Obama said he wants to simplify corporate taxes. On today's Financial 411, we'll talk about why streamlining the tax code is easier said than done.
A positive report on factory activity sent markets sharply higher today. The Institute for Supply Management says its index has hit its highest level since 2004. Firms surveyed by the ISM said January brought a growing backlog of orders.
A humongous Chinese bank seeks to buy a little, local New York City bank. We'll talk about what it means, and why the move is causing disagreement.
This week, a state control board took over Nassau County's finances. We'll talk about why one of the richest places in the nation is having fiscal trouble.
Financial Crisis was Avoidable: Panel
The financial crisis that pushed the U.S. into its worst recession in generations didn't have to happen. That's the conclusion of the commission examining the causes of the meltdown in 2008.
World leaders and CEOs, along with academic superstars, are gathering once again in Davos, Switzerland, for the World Economic Forum. It's an exclusive — and expensive — five-day retreat where the global elite debate and discuss the future of the global economy as it continues its recovery from the recent financial crisis.
What Should the President Cover in his Speech?
President Barack Obama's State of the Union address is expected to focus on jobs and the economy. WNYC spoke to a small business owner and a former political official to see what they have to say about what the president should cover during tonight's speech.
Are the economic gray skies going clear up? A new study shows economists are putting on a happy face. And a look at the week ahead in business news.