President Obama has appealed to the nation’s chief executives to hire job applicants who’ve been unemployed long-term. The Bureau of Labor Statistics estimates nearly 4 million Americans have been without work for 27 weeks or more. On Friday, the president…
By Alexis Cox
Question: My question is: What about U.S. bond holders? I’ve seen bailouts of incompetent banks and businesses and some selective shareholder groups. Investment grade bonds were considered to be the safest investment next to…
Question: If you have not already done so, would you please explain the warrants that seem to be troubling the financial institutions at the moment? If you’ve already done so, I apologize for asking unnecessarily. Paul Solman: Hey, even if…
The U.S. Treasury announced Tuesday that 10 large banks would be permitted to start repaying approximately $68.3 billion in total bailout funds they received from the government in the past nine months.
By PBS NewsHour
By Admin and PBS NewsHour
Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis.
By PBS NewsHour
Retail sales dropped more than expected in December -- a sixth straight monthly slide -- as consumers took heed of an economy pummeled by a recession, credit squeeze and continuing job losses.
Lawmakers faced an intense round of negotiations Monday over a proposed $700 billion financial rescue plan as Congressional Democrats called for a cautious approach to stabilizing troubled financial markets and shoring up Wall Street's balance sheet.
The world's central banks injected $180 billion into markets early Thursday to revive a global financial system that had nearly ground to a halt amid a crisis on Wall Street and to ensure the banks can access enough cash for…
A high-profile Morgan Stanley analyst has been named a defendant in two lawsuits alleging she provided biased research to investors.
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