Jan 12 Watch News Wrap: Major Earthquake Strikes Haiti In other news, a major earthquake and aftershocks struck Haiti, and a bombing in Iran killed a nuclear physics professor who had been a supporter of the political opposition. Continue watching
Jan 11 Obama Weighs Bank Fee to Repay Bailout, Cut Deficit The Obama administration is considering levying a new fee on financial institutions to help reduce the federal deficit and to recoup taxpayer dollars used to finance the $700 billion bank rescue. According to a report first published by… Continue reading
Jan 08 Watch Jobless Rate Holds Steady, Dashing Hopes for Speedy Recovery The U.S. economy shed 85,000 jobs in December, keeping the unemployment rate at 10 percent and dampening the outlook for a quick economic recovery. Continue watching
Jan 08 Friday’s Headlines: U.S. Loses 85,000 Jobs, Unemployment Rate Holds at 10% The U.S. unemployment rate remained steady at 10 percent for the second straight month, according to a report from the Labor Department. Although that might signal some economic stability, U.S. employers cut 85,000 jobs in December, suggesting that broader… Continue reading
Jan 08 Watch News Wrap: Stocks Muted on Weak Job Numbers In other news, stocks rose slightly Friday despite news that the economy shed 85,000 jobs in December, and the FBI arrested two men suspected of planning terror attacks in New York. Continue watching
Jan 08 Watch Job Growth Stalls as Economic Outlook Remains Murky The unemployment rate held steady at 10 percent in December, according to new figures released Friday. As part of his continuing series of reports on making sense of the economy, Paul Solman travels to Atlanta to gauge the hiring outlook… Continue watching
Jan 07 Gift Cards Deliver Merry Christmas for Retailers After a dismal holiday shopping season in 2008, U.S. retailers posted gains in December, with a wave of consumers going to the mall to redeem holiday gift cards responsible for lifting last month's retail sales 2.8 percent over December… Continue reading
Jan 06 Schwarzenegger Seeks ‘Federal Fairness’ in Final State of the State Gov. Arnold Schwarzenegger, the actor-turned-lawmaker who rode into office waving a broom with which to sweep California's capital clean, tried to salvage a troubled financial situation in his final State of the State address on Wednesday. Facing a… Continue reading
Jan 05 After Big Monday, Markets Subdued Tuesday A day after the Dow soared more than 150 points -- raising hopes that an economic recovery is taking root, global markets have been mixed Tuesday, with modest ups and downs after a rash of conflicting economic reports. In… Continue reading
Jan 05 Watch Will 2010 Bring a New Recession? Stocks are making gains, but new jobs remain elusive. Judy Woodruff asks a panel of experts whether 2010 will be a year of economic recovery, or merely the start of a double-dip recession. Continue watching