Dec 17 Why the middle class is not feeling a recovery By Simone Pathe The wealth gap between upper-income Americans and the rest of the country has reached a new high. According to a Pew Research Center analysis, the gap actually widened during the recovery as only upper-income families recouped some of the wealth… Continue reading
Dec 17 Federal Reserve expresses patience on rate raises By Simone Pathe The Federal Reserve turned financial commentators into would-be linguists Wednesday. The Open Market Committee did not raise interest rates, but it did alter the language used to describe its willingness to wait to raise rates. Continue reading
Dec 17 Can you avoid falling into the Medicare donut hole? By Philip Moeller When you enter the "donut hole," prescriptions can become prohibitively expensive. But changing insurers won't help; the hole comes from Medicare, and although the Affordable Care Act will eventually do away with it, boomers are stuck with it until 2020. Continue reading
Dec 16 Watch 6:29 Does economic turbulence hurt Putin’s power? – Part 2 By PBS News Hour Continue watching
Dec 16 Watch 2:12 Sanctions, cheap oil take toll on Russia’s struggling currency – Part 1 By PBS News Hour Continue watching
Dec 16 Apple halts online sales in Russia as ruble plummets By Justin Scuiletti Russian shoppers looking to purchase an iPod or iPad online for the holidays were out of luck Tuesday as Apple halted all online sales of its products -- with Russia's volatile currency to blame. Continue reading
Dec 15 Sony warns news organizations not to publish details unveiled in hack By Jack Gillum, Associated Press WASHINGTON — A lawyer representing Sony Pictures Entertainment is warning news organizations not to publish details of company files leaked by hackers in one of the largest digital breaches ever against an American company. Continue reading
Dec 15 Why does it feel like Social Security’s ripping me off? By Laurence Kotlikoff You may be entitled to Social Security benefits on more than one account and believe that you deserve all of those benefits after you and your (ex)-spouses contributed to the Social Security system. But the reality, Larry Kotlikoff explains, is… Continue reading
Dec 14 Watch 3:53 Legal challenges cause woes for Wall Street darling Uber By PBS News Hour Valued at $41.2 billion, on-demand taxi service Uber is both the darling of Wall Street and the bane of local regulators across the country and around the world. Liz Gannes of Re/code joins Hari Sreenivasan from San Francisco with more… Continue watching
Dec 13 Watch 4:23 Is there a down side to the recent plunge in oil prices? By PBS News Hour Over the last few weeks, the price of oil has dropped dramatically. While this may be good news for consumers, for Wall Street the numbers tell a different story. The Wall Street Journal's Nick Timiraos joins Hari Sreenivasan from Washington,… Continue watching