NPR: Business Story of the Day
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What Should I Be Doing With My 401(k)?
The Wall Street crisis has a lot of ordinary investors worried about their portfolios. Knight Kiplinger, editor in chief of Kiplinger's Personal Finance magazine and the Kiplinger Newsletter, says people should ride out the bear…
Checking Your Mutual Fund Returns? Better Sit First
The third quarter of the financial year just ended, and investors are starting to get their latest mutual fund statements. "I wouldn't say any of the stock categories came out unscathed, except for probably real estate," one analyst says.
Not So Fast, Would-Be Retirees
The financial crisis on Wall Street is leading to lots of anxiety among investors, especially retirees. Many financial experts are calling on investors to be patient and wait for the stock markets to rebound, but retirees don't have the luxury of…
Bailout Clash: 200 Economists Vs. The Senate
A group of 200 economists has signed a petition against the $700 billion Wall Street bailout plan. They believe the government must act — but they call the sweeping rescue a broad response to a narrow problem.
Is The Economic Sky Falling?
The rescue package for the financial sector failed in Congress Monday. Stock markets fell overseas. Now many people are wondering what will happen next with the U.S. economy. Will all those apocalyptic predictions come true now that the bailout…
Wall Street Bailout Heavy On Paulson's Shoulders
Treasury Secretary Henry Paulson is more than just the man of the moment. He's likely the man who'll get the credit or the blame — depending on what happens with the economy. Paulson is the chief architect of the government's $700 billion…
Bernanke's 1980s Computer Model Predicts Crisis
A set of equations drawn up by Federal Reserve chairman Ben Bernanke considered the effects of shocks to the financial system. A co-creator says that the model predicts disaster if there's not a quick intervention, and it guided Bernanke to take…
Antique Tractors: A Real Investment Vehicle
Skittish about the stock market and credit crisis? There's another place to park your money: collectible tractors. The sector is growing like never before — it has even been attracting European investors.
Warren Buffett Backs Goldman Sachs
Amid all the uncertainty on Wall Street, investor Warren Buffett is giving a $5 billion vote of confidence to Goldman Sachs. The investment bank is considered to have a relatively strong balance sheet, but its stock has dropped sharply in the…
Some Lawmakers Seek To Broaden Rescue Bill
Bush administration officials want Congress to approve a $700 billion aid package for Wall Street, and they want it to happen soon. Democrats say they're willing to help shore up the financial markets, but they want a bill that includes relief for…
Financial Sectors' New Buzzword Is Deleverage
Leverage is a word heard frequently during the current financial crisis. It means borrowing heavily to maximize investment returns. The problem is that leverage was used to invest in mortgages that went bad. The new buzzword in the financial world…
What Brought AIG Down?
After the $85 billion bailout of American International Group, a question remains: What went wrong with the giant insurer? The problem may stem from AIG's efforts to apply familiar business practices to unfamiliar ventures.
Government Financial Rescues On The Rise
The government stepped in to help Bear Stearns and recently orchestrated a takeover of Fannie Mae and Freddie Mac. How far will the government go to rescue other firms like Lehman Brothers? Business journalist Joe Nocera talks with host Scott Simon…
Is Fashion Week An Economic Indicator?
Conventional wisdom holds that during economic downturns, hemlines drop and colors darken. Simon Doonan, fashion writer and Barney's creative director, talks with Renee Montagne about fashion week as an economic indicator.
Tailoring Treatments To Patients' Genetics
Since it turns out that genes play a big role in how an individual responds to certain drugs, the pharmaceutical industry is looking at genetics. Entrepreneurs are developing and marketing products to try to determine whether a particular drug will…
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