Economy

 
 

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Economy

Miami Fund Invests for Cuba's Post-Castro Era

June 7, 2007 · If trade with Cuba were to open up after the embargo ends, which companies would likely benefit? The Miami-based Herzfeld Caribbean Basin investment fund targets firms that might do well in the post-embargo era. Robert Siegel talks to Cecilia Gondor, executive vice president of Thomas J. Herzfeld & Co.

 

Inflation Concerns Check Market

The U.S. stock market slid this week amid investors' concerns that inflation may be on the march.

Gas Stations Profit from More Than Just Gas

The real money for gas retailers lies not in the pump, but inside refrigerator cases.

 
 
 
 
 

Is New Job Growth Benefiting Blacks?

June 4, 2007 · The U.S. economy added 157,000 jobs for May and seems to be on the rebound, but how are black workers faring? Bill Spriggs, professor and chairman of the Department of Economics at Howard University, talks to Farai Chideya about the new numbers.

 

Housing Slump Leads to Sluggish Economic Growth

June 1, 2007 · The Commerce Department says economic growth almost stopped this quarter, mostly due to the nationwide housing slump. But most economists forecast a rebound, not a recession. That's partly because of a healthy job market.

 

Gas Station Owner Raises Prices in Protest

June 1, 2007 · In San Francisco, the sign at a certain Shell station has read $4.43 a gallon for a month — 79 cents more than the average price in the area. The station owner was protesting rent and other costs. Now he's shutting down the station.

 

Florida Towns May Feel Homeowners' Tax Pains

May 31, 2007 · Years of rising home values have brought local governments buckets of property tax money. But now, in Florida and other states, taxpayers are saying "enough." Florida's legislature is expected to roll back property taxes next month — imposing big cuts on cities and counties. Local officials say the rollback may force police and firefighter layoffs.

 

Analysis

World Bank Continues Zoellick's Rise

May 30, 2007 · In nominating Robert Zoellick to lead the World Bank, President Bush chose a former U.S. trade representative and deputy secretary of state who is often described as smart, capable, even brilliant. But Zoellick, who replaces Paul Wolfowitz, is also known for being tough, demanding, even arrogant.

 

Business Story of the Day

Luxury Homes Selling Despite Real Estate Slump

May 29, 2007 · Despite the nationwide slump in real estate sales, multimillion-dollar luxury homes are still selling well, at least in some markets.

 

Marketplace Report: U.S. Economy Lagging?

May 28, 2007 · The global economy appears to be growing at a comfortable — and sustainable — rate. But two recent studies warn that the U.S. has become one of the world's economic underachievers.

 

Katrina & Recovery

Katrina Still Bad for Business in Pass Christian

May 27, 2007 · Mississippi's Gulf Coast is still rebuilding after Hurricane Katrina. In the hard-hit town of Pass Christian, residents still lack a grocery store and century-old family businesses operate out of trailers.

 

Katrina & Recovery

Gulf Coast Economics Reshaped by Katrina

May 26, 2007 · In the wake of Hurricane Katrina, property and home values have skyrocketed along the Mississippi Gulf Coast. As middle- and working-class people struggle to find affordable housing, major employers like the Northrop Grumman shipyard in Pascagoula are struggling to fill vacancies.

 

Home Sales Reports Send Mixed Messages

May 25, 2007 · Sales of existing homes were down in April, a report says, a day after figures showed sales of new homes rising sharply. Most economists say the reports show a housing market still on shaky footing, but with deals emerging.

 

Your Money

'Marketplace' Report: Sticker Shock at the Pumps

May 25, 2007 · Gasoline prices are nudging toward $4 a gallon in some parts of the country, but Americans will still be hitting the road in record numbers this Memorial Day weekend. One gas station chain is helping customers get a jump on rising prices.

 

Federal Minimum Wage Set to Rise

May 25, 2007 · The federal minimum wage will increase by more than $2 an hour over the next two years, reaching $7.25. The Economic Policy Institute says the hike will change wages for 4 percent of the country's workforce.

 
 
 

View from the Fed

 
 

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Marketplace Reports

BUSINESS

Student Loan Scandal

College financial aid officers agree to crack down on lender kickbacks and submit to monitoring.

 
BUSINESS

Coke Hunts for New Sweetener

 
BUSINESS

Battle for TV Ad Dollars

The television networks are facing big challenges to lure viewers back and increase ad revenue.

 
 
 

Managing Money

BUSINESS

Fund Invests in Profitable Vices, not Virtue

The Vice Fund is an investment vehicle that puts money into tobacco, alcohol, gambling stocks.

 
YOUR MONEY

Taking a Balanced Approach to Investing

Should the recent dive in the Dow Jones index act as a wakeup call for those who play the market?

 
BUSINESS

Investment Guru Buffett Seeks a Successor

Buffett, 76, says he's won't quit anytime soon, but is looking for someone to take on his portfolio.

 
 
 

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