Feb 05 Analysis: 5 reasons the market is crashing, and 2 caveats By Paul Solman How low could the markets go? After the Crash of '29, the S&P index bottomed out in March of 1933 at around six. In other words, the S&P dropped by more than 80 percent. (The Dow actually fell by almost… Continue reading
Feb 05 Dow plunges more than 1,000 points Monday after major drop last week By Daniel Bush The Dow dropped by as many as 1,500 points, before rebounding to close the day down nearly 1,200 points. Continue reading
Feb 05 The era of trillion-dollar budget deficits is making a comeback By Andrew Taylor, Associated Press A brewing budget deal would give whopping increases to both the Pentagon and domestic programs as lawmakers inch closer to an agreement. The final tally could total close to $400 billion. Continue reading
Feb 04 Watch 9:13 White House, some progressives have common ground on NAFTA clause By Melanie Saltzman, Christopher Booker In less than eight weeks, ongoing talks over the North American Free Trade Agreement are set to expire. The White House has found common ground with some progressives over the Investor State Dispute Settlement, a NAFTA clause that allows foreign… Continue watching
Feb 03 Watch 10:11 Dairy trade sours NAFTA negotiations with Canada By Christopher Booker, Melanie Saltzman As the U.S., Canada and Mexico renegotiate the North American Free Trade Agreement, the dairy industry has become a major point of contention. The U.S. wants Canada to get rid of high taxes on dairy imports, but dairy farmers in… Continue watching
Feb 02 Watch 2:49 What does Friday’s sweeping sell-off mean for Wall Street? By PBS News Hour Stocks plunged on Friday over fears that the Federal Reserve will accelerate interest rate hikes. The sell-off was driven by news that the economy added a net of 200,000 jobs in January, with wages rising at the fastest pace in… Continue watching
Feb 02 Dow falls 666 points, capping worst week on Wall Street in 2 years By Michael Rios Investors said the drop was partly due to fears of rising inflation, which could lead to an increase in interest rates in the coming months. Continue reading
Feb 02 Watch 12:27 Yellen sees long-term growth as she leaves the Federal Reserve, despite bad day for the Dow By Murrey Jacobson Outgoing Federal Reserve Chair Janet Yellen has seen economic growth and the longest job expansion on record on her watch. She sits down with Judy Woodruff on her final day in office in a rare interview to share her overall… Continue watching
Feb 02 9 takeaways from the January jobs report By Daniel Bush The economy added 200,000 jobs last month, according to new data released Friday. Continue reading
Feb 02 Could Bill Belichick’s grasp of economics be the key to the Patriots’ success? By Paul Solman The summer after the New England Patriots won their first Super Bowl, I visited their training camp for a PBS NewsHour story on their — and the NFL’s — success, from the point of view of economics. Continue reading