UPDATE: No net growth in new jobs in August kept the US unemployment rate at 9.1 percent. Six reasons the country is struggling to put people to work – and why it may not last.
The Federal Reserve's move toward more openness also carries risks. It all hinges on how Ben Bernanke handles the press conference. Says one Fed expert: 'It's all in the execution.'
The Federal Reserve, the institution tasked with guarding the economy against inflation and financial instability, has long made headlines for its words as well as its actions. An utterance from the chairman can help reassure financial markets or raise concerns about the economy. Now the central bank is moving to explain itself more openly in its first-ever formalized press conferences, so the opportunity for Fed officials to make market-moving pronouncements may increase. Here's a look at some moments when a Fed chairman has made waves with his words.
Winklevoss twins lawyers argued that the twins' settlement with Facebook founder Mark Zuckerberg – chronicled in 'The Social Network' – was fraudulent. An appeals court disagreed, but the Winklevoss twins vow to fight on.
Graduate schools of business saw some reshuffling of rankings this year as US News & World Report downgraded perennial No. 1 Harvard and crowned a new undisputed champion. The business schools, part of US News's broader survey of all graduate schools, were ranked using nine measures. In one category, however, the Top 5 business schools were very evenly matched. Tuition ranged narrowly from $48,550 to $53,118 a year. Here's a look at the Top 5:
Donald Trump sounds like he's really thinking of running, and we hope he does. It would be fun. But there are also lots of good reasons he won't run.
Thanksgiving in the workplace: Thanking employees and fellow workers isn't just polite, it can boost morale and productivity.
North Carolina State Employees' Credit Union (NCSECU) offers a program that helps customers avoid overdraft fees. Can such innovations lure customers away from big banks?
Several efforts are afoot to harness the potential of social media for aid organizations and similar groups. The idea is to efficiently get help to people who need it.