Economy

Traders signal offers Monday in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange. Major market indexes tumbled around the world amid worries about China's slowing economy.

Don't Panic About Stocks. It's Not 2008 All Over Again, Economist Says

3:02pm August 25, 2015

by NPR Staff

Unlike 2008, the current turmoil didn't originate in the U.S., economist Austan Goolsbee notes. And this time, the economy is growing, banks aren't in danger and there's no credit crunch, he says.

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Fed Shouldn't Raise Interest Rates, Ex-Treasury Secretary Summers Cautions

2:53pm August 25, 2015

Steve Inskeep talks to former Treasury Secretary Lawrence Summers about his recent op-ed in The Washington Post calling on the Federal Reserve not to raise interest rates.

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Global Economy Feels Ripples Of Chinese Stock Market Fall

2:36pm August 25, 2015

NPR's Ari Shapiro talks to three NPR correspondents about the state of the global economy, including Frank Langfitt in Shanghai, Corey Flintoff in Moscow, and Lourdes Garcia-Navarro in Rio de Janeiro.

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Dow Loses Nearly 3.6 Percent. How Will Markets Fare On Tuesday?

1:32pm August 25, 2015

by Jim Zarroli

Stock prices in Asia are battered and prices are down in Europe too. In the U.S., investors wait to see if the turmoil is abating. Stocks began dropping over concerns about China's economic slowdown.

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Economy

Say What? Winston-Salem Gets An 'F' For Small Business Friendliness

6:00am August 25, 2015

by Keri Brown

A national survey ranks Winston-Salem among the least friendly cities for small business in the state.

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A Nasty Place On Wall Street: What Kind Of A Dive Is This?

3:48am August 25, 2015

by Marilyn Geewax

Stock prices plunged Monday, prompting Wall Street analysts to talk about a "correction" in stock prices. But many savers worry that this might be the start of a long "bear" market.

Economists Divided Over Interest Rate Hike Amid Market Turmoil

10:26pm August 24, 2015

by Chris Arnold

With stocks plummeting around the world, the Federal Reserve has a monumental decision to make about interest rates at its September meeting. Some Fed watchers say it won't dare raise rates for fear of adding to jitters about a global slowdown. But others say abandoning plans to raise rates this year would send an even worse signal.

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Dow Index Closes Below 16,000 After Plunging Nearly 3.6 Percent

6:57pm August 24, 2015

by Eyder Peralta

The Dow Jones benchmark started Monday's session above 16,459 and fell more than 1,000 points before closing at 15,871. The index lost about 3.6 percent of its value.

How The Devaluation Of The Yuan Could Have Long-Lasting Effects In Africa

6:51pm August 24, 2015

NPR's Audie Cornish interviews Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins University, about the relationship between the Chinese and African economies.

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Global Markets Remain Erratic After China Worries Spark Sell-Off

6:37pm August 24, 2015

by Jim Zarroli

China's Shanghai Composite Index fell 8.5 percent Monday prompting a global sell-off. When trading opened in the U.S., the Dow and S&P 500 plummeted, then recovered, then fell again.

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