Apr 24 Ford Posts Surprise $100M Quarterly Profit By PBS News Hour Ford Motor Co. surprised Wall Street Thursday when it announced a $100 million profit for the first quarter, marking the automaker's first profitable quarter since the spring of last year. Continue reading
Apr 18 Citigroup Reports $5.1B Loss, Cuts 9,000 Jobs By Admin, PBS News Hour Citigroup Inc. lost $5.1 billion during the first quarter and will eliminate about 9,000 more jobs, as it suffered the impacts of poor bets on mortgages and shaky credit markets. Continue reading
Apr 04 Watch Bleak U.S. Economic Outlook Stirs Recession Fears, Candidate Proposals Large jobs loses, stock market tremors and a slumping housing market continued to build fears this week of a recession. NewsHour analysts Mark Shields and David Brooks discuss the latest economic developments and reflect on the Martin Luther King, Jr. Continue watching
Apr 04 Watch 80,000 Jobs Lost in March As Economy Continues To Slow The economy continued its slump in March, sloughing off 80,000 jobs. An economic consultant assesses the latest set of job numbers and what it indicates about the health of the U.S. economy. Continue watching
Apr 02 Watch Fed Chairman Bernanke Says Recession Is ‘Possible’ Federal Reserve Chairman Ben Bernanke on Wednesday told Congress that while the current downturn might be temporary, "a recession is possible."… Continue watching
Apr 01 I’ve heard the Federal Reserve is not actually federal and has no reserves, it’s a private banking cartel that looks out for the interests of Wall Street, not most Americans. This installment’s “guest vetter” is Larry Koltikoff with Boston University. He is perhaps the best-known American economist on the issue of intergenerational conflict over entitlement spending on programs like Social Security and Medicare. You can check out his full bio… Continue reading
Mar 27 Watch Obama Calls for Tighter Financial Regulation Following is the text of Sen. Barack Obama's economic address Thursday, March 27, in the Great Hall of New York City's Cooper Union:… Continue watching
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 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 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