Economy

Global Markets Slide As Fed Chair Janet Yellen Briefs Congress

9:04pm February 11, 2016

by John Ydstie

Stock markets around the world were down again Thursday. In the U.S., the Dow and the S&P were down about 2 percent at mid-day. Federal Reserve Chair Janet Yellen is on Capitol Hill briefing lawmakers, and the price of oil slipped below $27 a barrel.

Queue Listen Now

North Dakota Residents Weather Downturn In Commodity Prices

5:28pm February 11, 2016

by Emily Guerin

North Dakota's fortunes have taken an abrupt turn for the worse. The state was recently a destination for thousands of people seeking a better life and high paying jobs in the Bakken oil field. But oil prices have fallen nearly 70 percent, along with agriculture prices. NPR reports on how residents are handling the sudden downturn.

Saudi Arabia Turns To Plan B As Low Oil Prices Rattle Economy

4:40pm February 11, 2016

by Stacey Vanek Smith

Planet Money tries to find out how low oil prices will change Saudi Arabia economically and culturally.

Economy

New Development Promises High-End Lofts And Amenities In Greensboro

4:18pm February 11, 2016

by Emily McCord

A $50 million dollar project that combines retail and residential space is being planned for Greensboro.

Pakistani police stand guard as a Pakistan International Airline plane taxis on a runway in Islamabad on Feb. 8. The national carrier has struggled in recent years with a $3 billion debt.

Once Pakistan's Pride, Its Embattled National Airline Fights To Survive

3:01pm February 11, 2016

by Philip Reeves

Decades ago, Pakistan International Airlines was a trendy airline whose flight attendants wore Pierre Cardin uniforms. These days the national carrier is $3 billion in debt and fighting privatization.

Queue Listen Now

Morgan Stanley's Times Square headquarters in New York City.

Morgan Stanley Will Pay $3.2 Billion For Contributing To Mortgage Crisis

12:53pm February 11, 2016

by Camila Domonoske

The investment bank, agreeing that it misrepresented the risk and value of mortgage-backed securities, reached the settlement deal with state and federal authorities.

Global Markets Are Tanking. Why, And What's To Come?

9:48am February 11, 2016

David Greene talks with David Wessel of the Wall Street Journal and the Brookings Institution about the causes and effects of the ongoing slide in global markets.

Queue Listen Now

Fed Chair Janet Yellen Warns Of Growing Risks To U.S. Economy

10:21pm February 10, 2016

by John Ydstie

Federal Reserve Chair Janet Yellen made clear in congressional testimony Wednesday she sees an economy that faces increased risk. Her assessment was sufficiently downbeat to practically remove the possibility of another interest rate hike at the Fed's next monetary policy meeting in March.

Queue Listen Now

Japan Is Selling Bonds Guaranteed To Lose You Money

1:43pm February 10, 2016

by Jim Zarroli

With the global economy in turmoil, interest rates on some government debt are falling below zero.

Queue Listen Now

Low Prices Cause Carnage In The Oil Industry

1:41pm February 10, 2016

by John Ydstie

When you pull up to the gas pump, low oil prices may make you smile. Low prices are wreaking havoc in oil states. We check in with a big oil field services firm based in Texas to assess the damage.

Queue Listen Now