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Job Market Resilient In October Despite GM Strike, Beating Expectations
U.S. employers added 128,000 jobs last month. The unemployment rate inched up to 3.6%. The drop in job creation reflects a slowing economy, but a strike at General Motors was also a factor.
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3:42
Bernanke: Stabilizing Financial Markets Top Priority
Chairman Ben Bernanke told Congress on Tuesday that stabilizing the financial markets is a top priority for the Federal Reserve as a weak housing market, tight credit and rising oil prices threaten the U.S. economy.
Mongolia's Nomads Face Difficult Transition
Mongolia's harsh climate and its recent transition to a market economy have made it difficult for some herders to maintain their traditional way of life. They are being encouraged to work together in cooperatives, but the nomads have to learn to trust each other first.
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Trump's Harvard funding cuts don't put 'America first,' says Massachusetts governor
Massachusetts Gov. Maura Healey argues President Trump's funding cuts to Harvard University and other universities are detrimental to the economy.
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6:16
Fed Chief Downplays Recession Talk
In a visit to Capitol Hill, Federal Reserve Chairman Ben Bernanke tells lawmakers he does not believe that continued weakness in the housing sector will push the economy into a recession.
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Ford Lowers Mileage Rating On C-Max Hybrid
On Thursday, Ford issued a statement lowering the vehicle's stated performance for combined city and highway to 43 miles per gallon. The car had been advertised at 47 miles per gallon in combined city and highway driving, but tests reportedly showed the figure to be inflated.
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1:38
Here's what to know about the collapse of China's Evergrande property developer
In 2018, Evergrande was listed as the world's most valuable real estate company. But on Monday, a Hong Kong court ordered it to be liquidated.
World Bank: Coronavirus Is Pushing Sub-Saharan Africa To First Recession In 25 Years
Sub-Saharan Africa is home to some of the world's fastest-growing economies. But the World Bank projects its economies could pull back as much as 5.1% this year, driven by the coronavirus pandemic.
'We Still Face Much Uncertainty': Pandemic Hammers Big Banks
The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.
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3:40
The Growing Economic Influence of China and India
It's getting harder to comprehend the world economy without understanding two of the world's most rapidly growing economic powers. A new crop of books focus on how China and India's astonishing growth will play out in the global economy.
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