Aug 06 Watch News Wrap: Wall Street Up for the Week Despite Bleak Jobs Report Amid the grim job numbers from the Labor Department Friday, Wall Street managed to come out of the week ahead. The Dow is up nearly 2 percent and the NASDAQ rose 1.5 percent. Also, BP is waiting for cement to… Continue watching
Aug 05 Watch News Wrap: Supermodel Campbell Testifies in Taylor War Crimes Trial In other news Thursday, Senate Democrats passed a $26 billion aid package for state and local governments, supermodel Naomi Campbell testified at the war crimes trial of former Liberian leader Charles Taylor, and several U.S. citizens were charged for supporting… Continue watching
Jul 23 Watch Pay Czar Accuses 17 Big Banks of Giving Executives Hefty Bonuses The Treasury Department's pay czar Ken Feinberg on Friday accused 17 Wall Street banks of overpaying executives during the financial crisis after receiving bailout money, but said the banks hadn't violated any laws. Jeffrey Brown discusses the matter with the… Continue watching
Jul 22 Watch For U.S. Markets, 'One Step Forward, One Step Back' Wall Street had a strong showing on Thursday, but the positive news was tempered by other economic readings showing declining home sales and rising claims for unemployment benefits. Jim Lehrer speaks with Greg Ip of The Economist for more. Continue watching
Jul 21 Watch News Wrap: Bernanke Promises to Bolster Recovery If Needed In other news Wednesday, Federal Reserve Chairman Ben Bernanke voiced concern about slow economic growth, saying the Fed would take action if needed to help the U.S. economic recovery along. Continue watching
Jul 19 Watch What Will Financial Reform Mean for the Poorest? With President Obama set to sign financial reform legislation, much of the attention has been on the biggest U.S. banks lately. But what about lending practices that affect the poorest Americans? Hari Sreenivsan discusses the "poverty industry" with "Broke, USA"… Continue watching
Jul 19 Watch News Wrap: Bombings Kill 2 Troops in Afghanistan In other news Monday, roadside bombings in Afghanistan raised the U.S. death toll for June to 42. Meanwhile, security was tightened in Kabul on the eve of an international aid donors summit. Continue watching
Jul 16 Watch Was Record Settlement Against Goldman Sachs a Good Deal for Company? Accused by the Securities Exchange Commission of civil fraud, Wall Street behemoth Goldman Sachs agreed this week to a record $550 million settlement, but did not admit to or deny the SEC's allegations. Jeffrey Brown speaks with experts about whether… Continue watching
Jul 16 Watch News Wrap: Stocks Tumble on Consumer Sentiment, Earnings Numbers In other news Friday, U.S. stocks fell after a reading of consumer sentiment fell sharply and investors were disappointed by earnings reported by Bank of America and Citigroup. Also, federal officials announced the largest-ever crackdown on Medicare fraud. Continue watching
Jul 14 Watch News Wrap: Federal Reserve Lowers Economic Growth Forecast In other news Wednesday, the Federal Reserve said that its latest estimate for economic growth will not be as high as it predicted in April. Continue watching