Apr 22 Where Can I Find Updates on the U.S. Money Supply? Question: The money supply of the United States is such a key economic indicator, why don’t we get a reading of it on a daily basis? It seems like it would be a lot more valuable gauge of the economy… Continue reading
Apr 21 How Significant Are the Latest Earnings from Wells Fargo? Question: Wells Fargo just announced quarterly financials in very positive position. Do you think this is a really significant event? How should we evaluate the latest numbers? Paul Solman: Your guess is as good as mine, Sheldon. I’ll quote again… Continue reading
Apr 21 Watch Other News: Markets Rise on Geithner Remarks; Suspected Pirate Appears in Court In other news, markets rose following Treasury Secretary Timothy Geithner's statement that the majority of banks are well-capitalized, a Somali teenager appeared in U.S. federal court on charges he helped hijack a U.S. ship, and President Obama left open the… Continue watching
Apr 21 Watch TARP Report Warns of Taxpayer Risk in Bank Rescue Plan The Special Inspector General for TARP said Tuesday that the Treasury Department should do more to safeguard taxpayer dollars in the banking rescue plan. Kwame Holman reports. Continue watching
Apr 21 Geithner Signals Confidence in Banks’ Reserves, Bailout Plans By PBS News Hour Treasury Secretary Timothy Geithner faced new questions on the Obama administration's bank rescue on Capitol Hill Tuesday as the International Monetary Fund predicted U.S. financial institutions could lose $2.7 trillion from the global credit crisis. Continue reading
Apr 21 ‘Clean Coal’ Debate Plays Out on the Airwaves By PBS News Hour American television audiences are likely noticing a battle being waged during commercial breaks as millions of dollars are being spent on advertising to promote or denigrate a mysterious-sounding buzzword: clean coal technology. Continue reading
Apr 21 If AIG Uses Its Bailout to Pay Off Other Debts, Is That a Ponzi Scheme? Question: If we are shoveling money into AIG and they are pushing it out the back door to pay off bad debts and then banks announce profits, does this mean we are in a… Continue reading
Apr 20 Watch Banking Industry’s Uncertain Future Puts Investors on Edge Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector. Continue watching
Apr 20 Watch Other News: Oracle Buys Sun Microsystems By PBS News Hour In other news, Oracle bought the troubled Sun Microsystems company for $7.4 billion and a suicide bomber killed 3 Iraqi civilians and injured 8 U.S. soldiers in Iraq. Continue watching
Apr 20 How Should We Interpret the String of Positive Earnings Reports from U.S. Banks? Question: After three major banks – Citigroup, JP Morgan, and Goldman Sachs – announced better-than-expected earnings last week, Bank of America announced more than $4 billion in first-quarter profits today. How should we interpret this string of good earnings reports?… Continue reading