Why many banks are preparing for an uptick of bad loans
by Justin Ho
Andrew Caballero-Reynolds/AFP via Getty Images
Throughout the last year, a lot of big banks have been stocking away more cash to cover bad loans. But even though banks are concerned about the broader economy, they’re still trying to make loans where they can.
Why OPEC is downgrading its demand forecast for the 3rd time in 3 months
by Samantha Fields
Brandon Bell/Getty Images
Oil demand is still expected to grow in the coming year, but more slowly, and especially in China.
These “discouraged” workers are left out of the unemployment rate
by Matt Levin
Scott Olson/Getty Images
Some unemployed Americans who want to work are discouraged by the job market, so much so that they’ve paused looking.
What can quarterly earnings tell us about the economy?
by Savannah Peters
Mandel Ngan/AFP via Getty Images
How individual companies are faring can help answer broader questions about things like inflation and consumer spending.
Poker bots have invaded online gambling
by Kai Ryssdal, Aleezeh Hasan and Sean McHenry
Bruno Vincent/Getty Images
These robots are basically unbeatable, and they suck the fun — and the money — out of playing, says Kit Chellel of Bloomberg.
Albuquerque’s hot-air balloon festival is the busiest time of year for these innkeepers
by Sofia Terenzio
Courtesy Kathy and Steve Hiatt
“We tend to be full until we’re well through the Balloon Fiesta,” says Steve Hiatt, who with his wife, Kathy, owns Bottger Mansion.