ECONOMY

Economy

Why The Contradiction? Stocks Fall While Unemployment Claims Are Down

3:35pm February 12, 2016

David Greene talks to economist Mohamed El-Erian, chairman of President Obama's Global Development Council, about recent turmoil in the stock market despite good employment numbers.

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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.

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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.

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.

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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.

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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.

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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.

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Federal Reserve Board Chair Janet Yellen listens to questions during a House Financial Services Committee hearing on Capitol Hill on Wednesday. Delivering the Federal Reserve's semiannual Monetary Policy Report to the House Committee, Yellen aired caution

Outlook 'Uncertain' For Global Economy, Yellen Tells Congress

1:08pm February 10, 2016

by Bill Chappell

Testifying for the first time since the Federal Reserve raised interest rates, Janet Yellen says volatility in the global markets means that "as is always the case, the economic outlook is uncertain."