Apr 29 What Are Quants? Question: What are ‘quants’? Paul Solman: Quantitative experts, or if you prefer, “number jocks” or “math whizzes” who have gone to “Wall St.” (ie, the world of finance). They construct formulas for investing and packaging investments. Take their… Continue reading
Apr 24 Watch Other News: Taliban Leaves Key District in Pakistan In other news, Taliban militants in a strategically significant district of Pakistan left after the military threatened to use force against them and fighting continued between government troops and rebels in Sri Lanka's civil war. Continue watching
Apr 21 Geithner Signals Confidence in Banks’ Reserves, Bailout Plans By PBS News Hour Treasury Secretary Timothy Geithner faced new questions on the Obama administration's bank rescue on Capitol Hill Tuesday as the International Monetary Fund predicted U.S. financial institutions could lose $2.7 trillion from the global credit crisis. Continue reading
Apr 20 Watch Banking Industry’s Uncertain Future Puts Investors on Edge Stocks tumbled Monday on skepticism over financial sector earnings, despite a better-than-expected earnings report from Bank of America. A reporter updates the state of the banking sector. Continue watching
Apr 20 Bank of America Posts Better-Than-Expected Earnings By PBS News Hour Bank of America, the largest U.S. lender by assets, reported that its income in the first quarter of 2009 more than tripled to $4.2 billion. Continue reading
Apr 16 Watch Obama Visits Mexico, Housing Market Stumbles President Barack Obama traveled to Mexico for talks with President Felipe Calderon and newly-released government data showed that new home starts fell more than 10 percent in March. Continue watching
Apr 07 Watch Other News: Judge Dismisses Charges Against Stevens In other news, a federal judge dismissed former Alaska Sen. Ted Stevens' corruption conviction and Vermont's state legislature voted to override the governor's veto of a bill allowing same-sex marriages. Continue watching
Apr 01 Watch Other News: Auto Sales Plunge; Wall Street Bounces Back Sales at Detroit's Big Three automakers dropped 45 percent from a year ago, and the markets rose slightly on good news in the housing and manufacturing markets. Continue watching
Mar 26 Watch Other News: Wall Street Surge Continues In other news, the Dow Jones industrial average and the Nasdaq both made gains and computer giant IBM announced it will cut about 5,000 jobs from its U.S. workforce. Continue watching
Mar 26 Geithner Details Plan for Major Regulation Reform By PBS News Hour Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role. Continue reading