Friday, November 02, 2012
Four days after Hurricane Sandy turned the New York metropolitan area on its head, estimates for the economic damage are coming in as high as $50 billion — making it one of the costliest storms on record.
Friday, October 26, 2012
When it comes to the economy, corporations see the glass as half-empty, while consumers see it as half-full.
Friday, October 19, 2012
The sudden departure of Citigroup CEO Vikram Pandit has sparked a conversation about where the bank is headed under new leadership and what it says about the so-called "too big to fail" banking behemoths.
Friday, October 12, 2012
As the November election approaches, lawmakers are spending more time campaigning and less time working to avoid the "fiscal cliff," the trigger set to send Americans' taxes higher and slash federal spending by more than a trillion dollars at midnight on December 31.
Friday, October 05, 2012
The first presidential debate between President Barack Obama and GOP challenger Mitt Romney focused on jobs and the economy but left some pundits asking for more specifics.
Friday, September 28, 2012
The Supreme Court begins a new term Monday with a docket full of cases pertinent to the business community.
Friday, September 21, 2012
In Olympic track and field, a tenth of a second can mean the difference between the gold and the silver. But on Wall Street, mere milliseconds separate the winners from the losers as a result of a technological advance that has fundamentally changed how the market operates.
Friday, September 14, 2012
Fours years after the collapse of the investment bank Lehman Brothers, the stock market is roaring back despite the sputtering economy.
Friday, September 07, 2012
Friday, August 31, 2012
As Republicans gathered for their national convention in Tampa this week, President Barack Obama stole some of their thunder by announcing that automakers will have to nearly double the fuel efficiency of cars and trucks by 2025.
Friday, August 24, 2012
Summer’s coming to an end and that means it’s back to the classroom for millions of students around the country.
Sunday, August 19, 2012
Friday, August 17, 2012
Wall Street threw its support behind Barack Obama in 2008, but this election cycle the tables have turned. Now, it's funneling most of its donations to Mitt Romney and conservative super PACs.
Friday, August 10, 2012
Investors have been flocking to money market funds for decades, and today their total value stands at $2.5 trillion. Businesses, non-profits, government and individuals seem to think they're a sound investment, but how safe are they?
Friday, August 03, 2012
There’s a lot of hand wringing going on over the stability of financial markets after a wild morning of trading this week.
Friday, August 03, 2012
This week a technical glitch in electronic trading sent the stocks of nearly 150 companies, like Bank of America and GE, on a wild ride.
It was the latest in a string of stock market snafus, including NASDAQ's botched Facebook IPO in May and the "flash crash" of 2010 when the Dow Jones Industrial Average plunged 600 points only to recover minutes later.
Friday, July 27, 2012
The American economy is slowing down.
GDP grew at a 1.5 percent rate in the second quarter, down from 1.9 percent in the first quarter, and anticipation is growing over what the Federal Reserve's policy-making committee will decide when it meets next week.
Friday, July 20, 2012
Former tech darling, Yahoo, has been struggling in a world dominated by Apple, Amazon, Google and Facebook. Even with an estimated 700 million users around the world, it’s had difficulty turning that reach into profits. This week, the company reported that revenues were down 1 percent for the quarter that finished June 30, and profits fell to $226 million from $237 million a year earlier.
Friday, July 13, 2012
Monday, July 09, 2012
It's big news in Europe right now. Monday morning, before a British Parliamentary committee, a top official with the Bank of England is testifying.