Economic News

Yesterday

MT will benefit from US-Colombia free-trade agreement

Posted 11:44 AM 5/16/2012 by Heath Heggem (KRTV Great Falls)

A deal that is expected to increase American exports by more than $1 billion was announced on Tuesday and the Free Trade Agreement between the U.S. and Colombia should leave its mark on Montana.

The agreement eliminates tariffs on products like wheat and barley, putting U.S. wheat farmers on (More)

How you help Facebook make billions

5/14/2012

Wall Street is betting as big as ever

Posted 10:18 PM 5/13/2012 by Maureen Farrell (CNNMoney)

Wall Street's risk appetite is back, and the bets are as big as ever.

JPMorgan's announcement last week of an expected $2 billion loss from the bank's trading activities offers a painful lesson: It's hard to limit and define what kind of trades might mitigate risks for a bank with roughly $2.3 (More)

5/11/2012

Bye bye unemployment benefits

Posted 2:13 PM 5/11/2012 by Tami Luhby

More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program.

Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania (More)

5/10/2012

JPMorgan Chase acknowledges $2B trading loss

Posted 4:38 PM 5/10/2012 by CBS Money Watch

JPMorgan Chase & Co. (JPM), the largest bank in the United States, said Thursday that it lost $2 billion in a trading portfolio designed to hedge against risks the company takes with its own money.

The company's stock plunged more than 5 percent in late electronic trading after the loss (More)