Jun 30 Watch News Wrap: House Passes Financial Reform; Senate Vote Pending In other news Wednesday, the House of Representatives passed a compromise on a federal regulatory reform bill after a $19 billion fee on large banks and hedge funds was dropped from the legislation. Also, a former top executive at AIG… Continue watching
Jun 29 Watch News Wrap: Stocks Plunge Over Consumer Confidence Concerns In other news Tuesday, Wall Street dropped following a wave of new worries about consumer spending and overseas sell-offs. Also, President Barack Obama voiced confidence about the fate of the financial regulatory reform bill even without the vote of late… Continue watching
Jun 25 Watch News Wrap: June Deadliest Month for NATO Troops in Afghanistan In other news Friday, three more American troops were killed in Afghanistan, bringing the U.S. death toll for June to 48. Also, oil continues to wash onto beaches in Florida and Mississippi as Thad Allen warned that a potential storm… Continue watching
Jun 25 Watch Early Morning Compromises in Congress Advance Wall Street Reforms Early Friday, the House and Senate reached an agreement on a set of Wall Street reforms after a marathon session. Jeffrey Brown talks to Nomi Prins, former managing director at Goldman Sachs, and Douglas Elliot, former investment banker for JPMorgan,… Continue watching
Jun 04 Watch Financial Crisis Does Little to Dim Graduates' Wall Street Aspirations As part of his continuing coverage making sense of the economy, Paul Solman talks to Harvard economist Ben Friedman about the college graduates who continue to flock to Wall Street, three years into the financial crisis. Continue watching
Jun 01 Watch BP Faces Big Losses as Gulf Oil Disaster Worsens BP's stock value sunk Tuesday, following the failure of the "top kill" procedure to halt the oil leak over the weekend. Jim Lehrer talks to an energy consultant and management expert about BP's financial prospects as the crisis drags on. Continue watching
May 21 Reconciling House and Senate Financial Reform Congressional leaders have vowed to hammer out the differences between the Senate and House financial reform bills before July 4. Continue reading
May 20 Watch U.S. Stocks Tumble Over Weakening Euro, Jobless Claims Stocks fell sharply in the U.S., amid concerns about the weakening Euro and the biggest rise in jobless claims in three months. Jeffrey Brown reports on the market volatility, two weeks after the unexplained "flash crash."… Continue watching
May 07 Watch Positive April Job Growth Tempered by Market Uncertainty in Europe Employers added 290,000 jobs last month, marking the biggest hiring increase in four years. Jeffrey Brown talks to two financial experts about the pace of the economic recovery and gets an update from Susie Gharib of PBS's Nightly Business Report… Continue watching
May 06 U.S. Markets Suffer Unexplained Plunge, Regain Ground by Closing U.S. markets plunged Thursday afternoon amid fears over the Greek debt crisis and a possible trading glitch involving shares of Procter & Gamble. The volatile afternoon left market watchers struggling to make sense of the wild… Continue reading