Jul 30 Exxon, Shell Report Massive Drops in Profits Oil giant Exxon Mobil Corp. reported Thursday that its earnings plunged 66 percent in the second quarter, following a steep decline in fuel prices over the past year. Continue reading
Jul 30 Watch Fed Struggles with Perceptions of Transparency As the debate over the Federal Reserve's transparency heats up in Congress, Paul Solman looks at the agency's attempts to balance public disclosure and the secrecy it uses to protect financial markets. Continue watching
Jul 29 Watch In Forum, Bernanke Says Fed Was Late Addressing Subprime Crisis The third and final installment of a special forum with Federal Reserve chief Ben Bernanke, moderated by Jim Lehrer in Kansas City, Mo. Continue watching
Jul 29 Watch Other News: Economy Stabilizing in Parts of U.S., Fed Says In other news, the Federal Reserve indicated that the recession might be easing up but said the labor market remains soft, and Microsoft announced a long-awaited partnership with Yahoo. Continue watching
Jul 29 Microsoft, Yahoo Pair up With Sights on Google After years of courting, Microsoft announced Wednesday that it finally inked a deal with Yahoo in hopes that a partnership could help topple Google from being the Internet search and advertising leader. Continue reading
Jul 29 Tales From the Fed: Rivlin on Popular Misunderstandings of the Fed Paul Solman: The Federal Reserve is one of the least understood government entities in the United States. When I spoke to Alice Rivlin, former vice chair of the Fed Board and now a senior fellow at Brookings, about what… Continue reading
Jul 29 What About Banks That Didn't Take TARP Money? By Business Desk Question: Thank you for your illuminating illustration of the fiasco involving our banks on PBS. How many banks in this country did not take TARP money and why… Continue reading
Jul 29 U.S., China End Two Days of Talks With Few Concrete Results By Carolyn O'Hara The United States and China ended two days of high-level talks Tuesday, pledging to improve cooperation on economic and security issues, including on policies aimed at economic recovery and international non-proliferation agreements. Continue reading
Jul 28 Watch At Forum, Fed Chairman Calls for Patience on Stimulus In part two of Jim LehrerÆs conversation with Ben Bernanke, the Federal Reserve chief discusses the state of the Obama administrationÆs economic recovery efforts, and the central bank's efforts to help homeowners facing foreclosure. Continue watching
Jul 28 Making Sen$e of the Federal Reserve Paul Solman: The newest edition of Making Sen$e, our site devoted to demystifying economics, is now up. As cutting-edge cyberspace cadets, we’re calling it “Making Sense 3.0,” but it really could be termed Making Sen$e of the Fed, as… Continue reading