Mar 24 Watch JP Morgan Raises Bear Stearns Buyout Bid Amid stockholder discontent, JP Morgan Chase raised its bid to buy investment bank Bear Stearns Monday from $2 a share to $10 a share. A New York Times financial reporter helps explain the buyout. Continue watching
Mar 24 JP Morgan Hikes Offer for Troubled Bear Stearns By PBS News Hour Stock indexes rose in early Monday trading after banking giant JP Morgan Chase & Co. confirmed reports that it had quadrupled its offer for troubled investment bank Bear Stearns Co. Continue reading
Mar 21 Watch Rubin: ‘Complexity, Uncertainty’ Shade Economic Issues Robert Rubin, who served as treasury secretary during the Clinton administration and is currently the chairman of the board of directors at Citigroup, evaluates the state of the U.S. economy and the role of government intervention in recent economic troubles. Continue watching
Mar 18 Watch Fed Cuts Key Interest Rate in Latest Bold Move As fears of a recession intensified, the Federal Reserve cut the federal funds rate 0.75 percent Tuesday. A finance journalist from the Wall Street Journal discusses the rate cut and the markets' response. Continue watching
Mar 18 Federal Reserve Cuts Key Interest Rate By Admin, PBS News Hour The Federal Reserve on Tuesday cut a key interest rate by three-fourths of a percentage point, moving to contain a credit crisis threatening to push the country into a recession. Continue reading
Mar 17 Watch Reaction Is Mixed After Fed’s Efforts to Boost Economy Amid a slumping economy, the Federal Reserve has resorted to some unusual methods to stave off a recession, most notably its role in coordinating the bailout of lending giant Bear Stearns. Economics experts examine the Fed's action and the state… Continue watching
Mar 17 Fed Makes Weekend Move to Aid Credit Markets By Admin, PBS News Hour Amid news of a fire sale buyout deal for lending group Bear Stearns, the Federal Reserve took more bold action over the weekend. Continue reading
Mar 14 Watch Americans Feel Economic Pains Despite Government Efforts President Bush and Federal Reserve Chairman Ben Bernanke sought to bolster confidence Friday that U.S. economic growth will recover despite a recent string of bleak economic reports. Two financial reporters examine how the slowdown is impacting American consumers. Continue watching
Mar 11 Costs at the Pump Reach Record as Oil Prices Soar By Admin, PBS News Hour Prices at the gas pump rose to a record high Tuesday as oil prices climbed, putting further strain on American consumers already confronted with slumping home values and overall concerns about a lackluster economy. Continue reading
Feb 20 Watch Consumer Price Index Reports Unexpected Inflation Rise The Consumer Price Index, the Labor Department's yardstick of inflation, indicated greater inflation in January than had been anticipated. Paul Solman discusses how the CPI determines inflation and the meaning of this new report. Continue watching