Business

Economy

Federal Reserve Cuts Key Interest Rate To Counter Coronavirus Risk

5:01pm March 03, 2020

by Scott Horsley

The Federal Reserve cut interest rates by half a percentage point Tuesday in an effort to shield the U.S. economy from coronavirus effects. The Dow Jones Industrial Average still fell 786 points.

Queue Listen Now

The construction site for the Consumer Financial Protection Bureau's new headquarters in Washington

National

Supreme Court Eyes The President's Power To Say 'You're Fired!'

1:44pm March 03, 2020

by Nina Totenberg

In the short run, the fate of the Consumer Financial Protection Bureau hangs in the balance. In the long run, the future of independent regulatory agencies are at stake.

Queue Listen Now

U.S. Education Secretary Betsy DeVos testifies on Capitol Hill on Feb. 27.

Letters Urge Betsy DeVos To Erase Student Loans For Borrowers With Disabilities

9:45am March 03, 2020

by Cory Turner

A broad coalition of student loan advocates is urging the U.S. education secretary to make good on federal legal protections for student borrowers with severe disabilities.

Empty shelves for N95 masks are seen at a Home Depot store in Alhambra, California on February 4, 2020.

Are High Mask Prices The Problem Or The Solution?

6:30am March 03, 2020

by Greg Rosalsky

As fears of coronavirus spread, so does price gouging for masks, which are in limited supply.

Chris Matthews Is Out At MSNBC

9:35pm March 02, 2020

by David Folkenflik

Chris Matthews is stepping down as anchor of MSNBC's politics talk show Hardball. He resigned and retired abruptly Monday night following mounting criticism over embarrassing on-air moments.

Queue Listen Now

Coronavirus fears sent stock markets plummeting last week, but they're also pushing mortgage rates down near historical lows. That's an opportunity for homebuyers and homeowners.

Economy

Mortgage Rates Are Near All-Time Lows As Coronavirus Worries Hit Markets

8:39pm March 02, 2020

by Chris Arnold

Coronavirus fears have sent stock markets reeling, but they're also pushing mortgage rates down near historical lows. That's an opportunity for homebuyers and homeowners.

Queue Listen Now

Jack Welch, Larger-Than-Life CEO Of GE, Dies At 84

5:12pm March 02, 2020

by Scott Horsley

Jack Welch, one of the United States' best-known CEOs, has died. Welch ran General Electric for two decades and built the company into one of the world's most valuable corporations. He was 84.

Queue Listen Now

Jack Welch served as General Electric's chief executive from 1981 to 2001. During his reign, the company's market value skyrocketed to $410 billion from $12 billion.

Jack Welch, Legendary CEO Of General Electric, Dead At 84

5:12pm March 02, 2020

by Avie Schneider

Welch, dubbed "manager of the century" in 1999 by Fortune magazine, grew GE into an industrial powerhouse. During his reign, the company's market value skyrocketed to $410 billion from $12 billion.

Queue Listen Now

Demand For Wipes, Sanitizers And Bleach Spikes Amid Coronavirus Fears

4:19pm March 02, 2020

by Alina Selyukh

Across the board, companies that make or sell cleaning and sanitizing products are seeing spikes in demand. Clorox shares hit an all-time high during the week of a major stock-market slump.

Brues Alehouse Brewing Company in Pueblo. The city is seeing a growing artists' community and small businesses are setting up shop.

'Steel City' No More, Pueblo Reinvents Itself And Its Politics

11:05am March 02, 2020

Unlike postcard mountain resort towns, or Denver's booming, high-tech corridor, Pueblo is Colorado's faded industrial relic. But it's finding ways to grow into its next chapter.