Talking Biz News

Covering QE3

The Federal Reserve announced Thursday another round of bond-buying, $40 billion a month for the foreseeable future, and said it would continue to hold interest rates near zero until mid-2015. The Fed also said...

The cost of economic uncertainty

It’s no secret that our economy runs on consumers’ willingness to buy — everything from pet supplies to clothing to appliances. But leading up to the always-crucial holiday season, how are retailers supposed to...

U.S. could face rating cut next year

Moody’s Investors Service, following fellow rating agency Standard & Poor’s, said the U.S. could lose its Aaa rating next year if Congress doesn’t take orderly action to reduce the nation’s debt. From the Wall...

The cost of an education

With students streaming back to college campuses, flooding their favorite bars and restaurants, and shelling out for books, there have been several timely pieces on the cost of college. Several have even questioned whether...

Reuters vs. GM: Who is right?

This morning, Reuters published a story that began with this lead: General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn’t a good thing for the...

Treasury cuts AIG stake

News broke Sunday that U.S. Treasury Department would sell at least $18 billion of its holdings in A.I.G to slash the government’s stake. This would make the first time that less than half the...

Fashion Friday

On a recent trip to New York, I was sitting out a two-hour plane delay watching the U.S. Open and drinking a beer. Half of the screens in the bar were tuned into the...