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
Jan 04 Bernanke: Weak Regulation to Blame for Housing Bubble In a speech to the annual gathering of the American Economic Association in Atlanta on Sunday, Fed Chairman Ben Bernanke defended the central bank from critics who have said low interest rates earlier this decade helped fuel the housing bubble… Continue reading
Jan 01 WSJ's David Wessel on the Shape of the Economy in 2010 By Hari Sreenivasan _pap_embed_custom('news01s3803qd57',482,304,""); Wall Street Journal economics editor and Fed watcher David Wessel stopped by the Rundown to talk shop on different parts of the economy and what to expect in 2010. Recorded on New Year's Eve, so references to "next… Continue reading
Jan 01 Watch Economy May Hold Hopeful Signals for New Year In terms of the economy, it's good riddance to 2009. As for 2010, Ray Suarez speaks with a panel of experts about reasons for hopes and fears in the new year. Continue watching
Dec 30 U.S. Steers $3.8 Billion in Additional Aid Toward GMAC GMAC Financial Services has already received $12.5 billion in government aid. On Wednesday, the auto and home lending giant got another $3.8 billion. The new aid is less than the $5.6 billion that the troubled lender indicated it was… Continue reading
Dec 30 Watch Other News: Afghan Suicide Attack Kills At Least 8 Americans In other news, at least 8 Americans were killed by a suicide bombing in Afghanistan Wednesday, and hardline government supporters protested in Iran. Continue watching
Dec 29 States Plow Through Snow-Removal Budgets While it's been barely more than a week since the official start of winter, cash-strapped state and local governments have already plowed through all or most of their available snow-removal budgets, reports the Wall Street Journal. In Maryland,… Continue reading