Nissy Mananza

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U.S. system designed to prevent financial crisis ‘likely to fail,’ say experts

BOSTON (MarketWatch) — The current U.S.regulatory structure designed to prevent another financial crisis is “Balkanized,” a “mess” and likely to fail …

Billionaire Investor Predicts ‘Financial Engineering’ Will Lead US To Economic Chaos

Billionaire Apple investor Carl Icahn warned about potential financial calamity on the verge of hitting Wall Street and Washington in a new video …

Economics

Will 'Disappointing' Jobs Report Affect Fed's Course On Interest Rates?

The Labor Department says employers added 142,000 jobs last month, and hiring in July and August was revised lower. The jobless rate remained 5.1 percent as more Americans stopped looking for work.<p>Transcript<p>RENEE MONTAGNE, HOST:<p>And some worse-than-expected news for the economy is out this hour. The …

Economics