May 07 Capitalism in Cuba? It’s closer than the U.S. may think By Lewis Mandell Cuba is well into a carefully planned transition to a market-based economy. But you wouldn't know that from America's recent efforts to destabilize the government. Any U.S. meddling, like USAID's Twitter-like message service in Cuba, will only set back that… Continue reading
May 07 Yellen cautiously optimistic about future growth By Simone Pathe A week after the Federal Reserve’s Open Market Committee announced yet another reduction in their monetary stimulus, Fed chair Janet Yellen delivered an optimistic growth outlook before the congressional Joint Economic Committee Wednesday. Continue reading
May 06 Watch Shareholders of e-commerce giant Alibaba seek greater control and exposure with American IPO filing By PBS News Hour A Chinese e-commerce giant called Alibaba filed an initial public offering that many experts say could rank among the largest ever. The company operates multiple businesses, including some akin to Amazon or eBay. Judy Woodruff talks to Paul Sweeney of… Continue watching
May 05 Target stock tumbles after CEO resigns By Sam Lane Target's stock fell about 3 percent Monday after news its president and CEO Gregg Steinhafel had stepped down. Continue reading
May 05 10 ways the class of 2014 can beat the economic odds By Laurence Kotlikoff It's a tough economy out there, particularly for college seniors about to graduate. Economist Larry Kotlikoff tells it like it is, arming graduates with a philosophy that will make their financial futures more secure. Continue reading
May 02 Watch Good news in jobs report bolstered by shrinking workforce By PBS News Hour The jobs report released Friday finds that employers added 288,000 jobs in April and the unemployment rate fell to 6.3 percent. However, the dip in unemployment was driven by a sharp decline — more than 800,000 — in the number… Continue watching
May 02 Where are the April showers in the jobs report? By Paul Solman April's jobs report looks sunny: the lowest unemployment rate since fall 2008 and more jobs added to the economy than expected. But don't hang up the umbrellas just yet: nearly a million more people in April than in March told… Continue reading
May 02 Unemployment rate drops to lowest since fall 2008 By Simone Pathe The unemployment rate dropped to its lowest since September 2008, and the economy added 288,000 jobs last month, but about 800,000 people dropped out of the labor force. Our more inclusive Solman Scale also fell to 14.38 percent. Continue reading
May 02 Obama, Merkel look for united front on Ukraine By Domenico Montanaro, Terence Burlij, Simone Pathe, Rachel Wellford As more fighting has broken out in Eastern Ukraine, President Obama and German Chancellor Angela Merkel will be looking for a show of unity on the situation when they meet Friday at the White House. But if you want to… Continue reading
May 01 OK, $15 an hour minimum wage in Seattle, but plus tips? By Tom Douglas Should Seattle waiters really receive a higher minimum wage when they earn tips on top of what's already the highest minimum wage in the country? Restaurant owner Tom Douglas, who voluntarily instituted a $15 wage for his cooks, doesn't think… Continue reading