Economics & Economy

In the first part of our conversation with Ben Bernanke, Hank Paulson and Tim Geithner yesterday, we talked about how Bear Stearns was saved, at first, by the Fed and JPMorgan. That was 10 years ago this month. Today we'll pick up with another bank that wasn't so lucky: Lehman Brothers.

All the stores you shopped at as a teen are going bankrupt

Mar 20, 2018

It seems that not even 100 million pierced ears were enough to keep Claire’s out of debt. The jewelry chain filed for bankruptcy earlier this week on March 19. But don’t despair just yet — the company is not shutting down all of its stores. According to the New York Times, Claire’s plans to close fewer than 200 stores over the next four years, going from 1,570 stores in 2017 to 1,400 stores in 2022.

(Markets Edition) Cambridge Analytica's decision to harvest the info of millions of Facebook users has jittered the markets, but investors may be worried about more than the story at hand. Max Wolffe, chief economist at the Phoenix Group, joined us to explain why. Afterwards, we'll look at what the interest rate forecast for the year looks like prior to the Fed's meeting today, and then discuss the latest updates with the Takata airbag recall. 

A U.S. Senate subcommittee on commerce is scheduled to hold a hearing Tuesday on the status of  the long-running Takata airbag recall. The government’s traffic safety agency says it’s the largest and most complex safety recall in U.S. history. Where does the recall stand?

Click the audio player above to hear the full story.

03/20/2018: The potential costs of a drug coupon

Mar 20, 2018

(U.S. Edition) The U.K.-based data firm Cambridge Analytica continues to be embroiled in scandal. We'll look at how investors are reacting to reports that it used Facebook data to manipulate voters on behalf of the Trump campaign, and then talk about the release of a video showing Cambridge's CEO claiming his company was able to entrap foreign politicians. Plus: A look at why some states are pushing back against pharmaceutical coupons for branded drugs.