Nov 28 Stocks make biggest gain in months as Powell hints at slower interest rate hikes By Marley Jay, Associated Press In a speech to the Economic Club of New York, Powell said that rates are close to "neutral," the level at which they neither hold back growth nor aid it. That relieved investors who feel the nine-year-old bull market could… Continue reading
Nov 28 Why a Nobel laureate in economics thinks bitcoin is toast By Paul Solman The price of bitcoin has slowly gained back up some of its value after a precipitous drop this month. Continue reading
Nov 28 Powell says U.S. economy healthy and rate hikes aren't automatic By Martin Crutsinger, Associated Press Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Continue reading
Nov 27 How climate change is changing your insurance By Gretchen Frazee As climate change leads to more frequent and destructive natural disasters, homeowners living in high risk areas are facing obstacles to affordable insurance. Continue reading
Nov 27 Trump says he is 'very disappointed' with GM plant closures By Jonathan Lemire, Zeke Miller, Associated Press GM announced Monday it would shutter five plants and slash 14,000 jobs in North America. Continue reading
Nov 27 White House economic adviser warns China about trade dispute ahead of G20 By Zeke Miller, Associated Press National Economic Council Director Larry Kudlow said if the U.S. doesn't get "satisfactory" responses to its trade positions soon, more tariffs will be imposed on China. Continue reading
Nov 27 DeVos warns of crisis over ballooning student debt By Collin Binkley, Associated Press The education secretary raised a "red warning flag" at a conference in Atlanta on Tuesday, that the federal government must change the way it gives out student loans. Continue reading
Nov 27 Consumer confidence drops slightly in November By Paul Wiseman, Associated Press An index that measures consumers' assessment of the current economy and their outlook for the next six months slipped but remained historically strong. Continue reading
Nov 26 Watch 5:54 Why GM's mistaken bet led to major layoffs General Motors has announced it is cutting its workforce by 14,000 employees, closing several plants in North America and eliminating at least five passenger car models. The corporate overhaul, which represents the company's biggest shakeup since it faced bankruptcy a… Continue watching
Nov 26 Investors see untapped potential in Asia's plastics problem By Gretchen Frazee Investors are starting to see opportunity in what they consider an overlooked sector: waste management in Southeast Asia. Continue reading