Oct 25 JPMorgan pays $5.1 billion to settle mortgage claims BREAKING: JPMorgan paying $5.1B to resolve US claims over mortgage securities sold to Fannie, Freddie.— The Associated Press (@AP) October 25, 2013 JPMorgan announced a broad $13.1 billion settlement with the Justice Department earlier this week… Continue reading
Oct 22 Watch Economists expect 'messier' jobs report for October after unimpressive September Economists expect 'messier' jobs report for October after unimpressive September… Continue watching
Oct 22 Hiring slows in September as U.S. economy adds 148,000 jobs WASHINGTON -- U.S. employers added just 148,000 jobs in September, suggesting the job market was weakening before a 16-day partial government shutdown. Still, the September gain was enough to lower the unemployment rate, which comes from a separate survey. The… Continue reading
Oct 21 Nearly 6 million young Americans don't work or go to school Job seekers roam a job fair in Manhattan last December.Getty Images WASHINGTON -- Almost 6 million young people are neither in school nor working, according to a study released Monday. That's almost 15 percent of those aged 16 to… Continue reading
Oct 17 Watch Analysts warn uncertainty caused by political brinkmanship may spook consumers Analysts warn uncertainty caused by political brinkmanship may spook consumers… Continue watching
Oct 16 Economist Mark Zandi lays out default timeline Congress seems to be on its way to reaching a debt limit deal, albeit a short-term one. If lawmakers fail to compromise on a plan before the Thursday deadline, it's a "very dark scenario," said Mark Zandi, chief economist… Continue reading
Oct 15 Watch Known as the 'safest asset,' bond market braces for U.S. debt ceiling deadline Known as the 'safest asset,' bond market braces for U.S. debt ceiling deadline… Continue watching
Oct 14 AP: Tiny Social Security hike squeezes seniors, vets Photo by William Thomas Cain/Getty Images AP -- Another year, another small raise for millions of people who rely on Social Security, veterans' benefits and federal pensions. Preliminary figures suggest next year's benefit increase will be roughly 1.5… Continue reading
Oct 11 'Inequality is bad for everyone': Robert Reich fights against economic imbalance EmbedVideo(7713); Economics correspondent Paul Solman talks to Robert Reich about "Inequality for All," a documentary about the former labor secretary's personal crusade to explain to Americans why everyone should care about the nation's growing economic disparity and divisiveness. Continue reading
Oct 09 Watch Obama nominates Yellen to succeed Bernanke as Fed chairman President Obama nominates Janet Yellen to succeed Bernanke as Fed chairman… Continue watching