Dec 14 Federal Reserve raises key interest rate and signals more to come in 2017 By Kristen Doerer The Federal Reserve decided today to raise its benchmark interest rate .25 percent, a move widely expected by investors and economists. So what does the move mean for you?… Continue reading
Dec 14 Column: Social Security needs to be reformed, not have its funding cut By Philip Moeller There is ample room for disagreement over how to reform Social Security. There should be no disagreement over adequately funding the agency to do its appointed job. Continue reading
Dec 12 Column: Why the Fed may aggressively raise rates in 2017 By Terry Burnham To understand Janet Yellen’s motivation, consider that it has been seven years since the last U.S. recession ended. Since World War II, recessions have arrived about once every six years. Another recession is coming; the only unknown is the date. Continue reading
Dec 11 Watch 9:58 U.S. builds first offshore wind farm By Saskia de Melker, Melanie Saltzman In the U.S. today, wind power accounts for about five percent of all electricity generation, but a new project aims to change that. A $300 million installation off the coast of Block Island, Rhode Island, takes the renewable energy technology… Continue watching
Dec 11 Watch What's next for U.S. monetary policy By PBS News Hour It is widely anticipated that chair of the Federal Reserve Board Janet Yellen will announce an interest rate increase this week during the board’s last meeting of the year. Binyamin Appelbaum, economic reporter at The New York Times, also expects… Continue watching
Dec 09 Trump expected to tap Goldman Sachs banker for White House economic post By Ken Thomas and Josh Boak, Associated Press President-elect Donald Trump is expected to name Goldman Sachs president Gary Cohn to an influential White House economic post, two people informed of the decision said Friday. Cohn would lead the White House National Economic Council, a posting that would… Continue reading
Dec 09 Column: Women, it's time to ask for a raise By Sallie Krawcheck Go ask for that bonus or that raise. Continue reading
Dec 09 Business leaders warn Trump of economic fallout from mass deportation By Steve Peoples, Associated Press Still grappling with Donald Trump's surprise election, the nation's business community has begun to pressure the president-elect to abandon campaign-trail pledges of mass deportation and other hard-line immigration policies that some large employers fear would hurt the economy. Continue reading
Dec 08 Watch 8:29 Does a Wall Street Cabinet discredit Trump's Main Street message? By PBS News Hour From the early days of his campaign, one of Donald Trump's rallying cries was to “beware of Wall Street.” But the president-elect’s Cabinet picks of Steve Mnuchin and Wilbur Ross are stalwarts of the financial establishment. Special correspondent Paul Solman… Continue watching
Dec 08 Column: Cyber systems can both nourish and poison us. We need to focus on the latter By Vikram Mansharamani The same technologies that enable us to rapidly order an Uber or to instantaneously download the latest book by Michael Lewis can also empty our bank accounts or steal our identities. Continue reading