Dec 27 Latest U.S. Home Sales Price Reading a ‘Distinct Downer’ Photo by Justin Sullivan/Getty Images. It's the monthly moment for Case-Shiller/S&P, the most widely followed index of U.S. housing prices, and Tuesday's numbers are a distinct downer, prices dropping at an annual rate of over 1 percent,… Continue reading
Dec 23 Bargain Basement and Top Shelf: What’s Driving Growth for Retailers? Photo by flickr user Ian Britton. "We're all peacocks. We all like to show off." That's what Milton Pedraza, CEO of the Luxury Institute, told us recently in a conversation about changes in spending trends amid… Continue reading
Dec 23 Watch Author Daniel Yergin on U.S. Need for a ‘Diversified Energy Portfolio’ Amid concern over tensions and violence in Iraq and Syria, oil prices rose to nearly $100 a barrel Friday. Jeffrey Brown discusses the ongoing hunt for untapped reserves of energy and how the demand for energy has shaped political and… Continue watching
Dec 23 Bargain Basement and Top Shelf: What’s Driving Growth for Retailers? Photo by flickr user Ian Britton, post by Elizabeth Shell. "We're all peacocks. We all like to show off." That's what Milton Pedraza, CEO of the Luxury Institute, told us recently in a conversation about changes… Continue reading
Dec 23 The Role of the Consumer Mindset in the Cost of Energy EmbedVideo(1671, 482, 304); Violence in Iraq and Syria. New tensions between Iran and western nations. Unrest in Bahrain and Kazakhstan. As oil hovered around $100 a barrel Friday, those were some of the day's major international developments that… Continue reading
Dec 23 Bargain Basements and Top Shelves: What’s Driving Retail Growth? By Elizabeth Shell In a bifurcated retail economy, high- and low-end retailers are doing well, while the middle is being squeezed. What types of items are pushing sales at the ends of the hourglass? We've compiled an assortment of products from luxury brands… Continue reading
Dec 22 Watch Making Sen$e: Rich Shopper, Poor Shopper As part of his series on Making Sen$e of financial news, business and economics correspondent Paul Solman explores how retailers are faring in an economy that's increasingly divided between the haves and the have-nots. Continue watching
Dec 21 Watch Democrats Pressure House GOP to Back Down on Payroll Tax Cut Republicans and Democrats mired in a stalemate over extending the payroll tax cut Wednesday. Judy Woodruff reports on House Speaker John Boehner's call to President Obama, and the White House's use of Facebook and Twitter to leverage support for extending… Continue watching
Dec 21 Watch Bank of America to Pay $335M to Settle Countrywide Case of Alleged Racial Bias Bank of America agreed to pay a $335 million settlement Wednesday over allegations of racial bias in home mortgage lending involving Countrywide Mortgage, which the bank bought in 2008. Jeffrey Brown discusses the investigation and settlement with Illinois Attorney General… Continue watching
Dec 21 When Did the Great Depression Start? – And Why That Matters A crowd of depositors gather in the rain outside Bank of United States after its failure in 1931 during the Great Depression. Photo by World Telegram staff photographer from the Library of Congress via Wikimedia Commons. Last week's story… Continue reading