Economy Jul 11 Inflation and high housing costs spur more baby boomers to find roommates Amid high inflation and rising housing costs, some seniors are turning to home-sharing. Economics correspondent Paul Solman has the story about a growing number of baby boomers who are becoming "boommates."…
Economy Jun 15 Federal Reserve implements highest interest rate hike in decades to combat inflation The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome…
Nation Jun 06 How ‘green gentrification’ is pricing out longtime East Boston residents The city of Boston faces two enormous problems: Sea level rise in its harbor that is getting worse with climate change and a dearth of affordable housing, pricing out many longtime residents. Solutions to one of the problems may compound…
Economy May 04 Federal Reserve implements largest interest rate hike since 2000 The Federal Reserve raised interest rates again Wednesday in an effort to stamp down surging inflation. It increased rates by a half-percentage point, a move that will affect the pocketbooks of millions of Americans. Fed Chair Jerome Powell said more…
Economy Apr 12 Why corporations are reaping record profits with inflation on the rise Despite rising inflation, major U.S. corporations are reporting record profits, as companies pass rising supply-chain costs onto consumers. Economics correspondent Paul Solman explores whether concentrated market power is contributing to inflation.
Economy Apr 08 Conventional economists sound alarm over cryptocurrency’s volatility There are now thousands of cryptocurrencies, and every day it seems a new non-fungible token, or NFT, is marketed. But is “digital mania” just another historic bubble bound to burst? Our economics correspondent Paul Solman explores the digital asset boom.
Nation Apr 01 A tribute to PBS NewsHour producer Lee Koromvokis NewsHour is saying farewell to one of our great producers who is retiring after a long career at the program. Lee Koromvokis has worked on hundreds of stories over the years and produced some of our best pieces, and the…
World Mar 31 How tough sanctions against Russia could permanently reshape the global economy The rise of oil prices since Russia invaded Ukraine five weeks ago is one key part of the larger economic fallout from the war and from the tough sanctions the U.S. and many other countries have imposed on Russia in…
World Feb 11 Canadian trucker blockades impact production on both sides of the border Truckers and protesters blocked a key border crossing between the U.S. and Canada for a fifth straight day. A court injunction issued late Friday ordered an end to that blockade. But for now trucks are blocking three border crossings, stopping…
Economy Feb 09 How rising prices are squeezing Americans who were already on a tight budget Many economists believe the spike in prices is going to be quite high compared to a year ago, while inflation's bite has been particularly pronounced on some groups of Americans. That includes seniors living on fixed incomes and millennials who…