Economy Mar 13 Government takes steps to shore up confidence after collapse of two banks sparks fears Regional banks took a beating and suffered their deepest losses in years on the stock market Monday. It came after the government's top financial authorities spent the weekend taking action to shore up confidence around the system after the failure…
Nation Mar 13 The risks student-athletes face amid sports betting boom March Madness brackets are set and with it comes billions of dollars in bets on the games. Paul Solman recently reported on betting companies partnering with universities and the threat it poses for students. But it turns out problems are…
Nation Feb 27 College partnerships are bringing sports betting to campus. Are students safe? We are weeks away from college basketball’s March Madness and billions of dollars worth of wagers on the games. As more states legalize sports betting, Paul Solman reports on the increasing concern that some colleges are too involved in its…
Nation Feb 03 Hiring surges but trends show more working-age men dropping out of labor force Job growth surged last month, shaking off fears of a hiring slowdown. Employers added 517,000 jobs in a hiring boom far stronger than anyone had expected. The jobless rate dropped to 3.4%, the lowest level in 53 years. The report…
Economy Jan 30 What’s causing the price of eggs to skyrocket nationwide? Prices at the grocery store have risen for many foods, but the cost of eggs climbed the most in the last year and consumers have scrambled to keep up. What's behind so-called Eggflation? Economics correspondent Paul Solman takes a look.
Economy Jan 06 Hiring slows in December as worker shortage still presents challenges Friday's jobs report signaled good news for those who are worried about a recession and inflation. It also capped a very strong year for the jobs market overall with more than 4.5 million new jobs created in 2022. That's the…
Economy Dec 26 Millions of ‘unbanked’ Americans lack adequate access to financial services It's not well known, but about 4.5% of U.S. households are unbanked, meaning no one in the house has a checking or savings account. The rate declined during the pandemic because people opened accounts to receive government stimulus funds. But…
Economy Dec 22 Small retailers find ways to adapt amid pandemic and online shopping convenience The COVID-19 pandemic has changed the face of retail in cities across the country with small and independent businesses bearing the brunt of closures. And this winter, many have seen a drop in demand from last year. But owners, and…
Economy Dec 08 How suburban zoning rules are stifling development and causing rents to spike The cost of housing has risen dramatically over the last several years, helping drive levels of inflation not seen in decades. One key factor is that in many places, building has not kept up with demand. The suburban counties of…
Economy Dec 02 Tech industry hit with massive layoffs as other employers add jobs The latest jobs report is further confirmation of a labor market that may be slowing down but has proven more resilient than many have expected. Many sectors are continuing to add jobs, but that's not true in the tech sector,…