CBS MoneyWatch

Consumer Confidence Hits Two-Year Low July 15, 2011 Consumer confidence dropped as high unemployment and weak home prices continue to weigh on Americans. Plus, eight of 90 European banks have flunked stress tests.

CBS MoneyWatch

Ratings Agency Warns of Potential US Credit Downgrade July 15, 2011 S&P says there’s a 50-50 chance it will downgrade the government's credit rating over the debt limit stalemate. Plus: Google reports blockbuster profits of nearly $7 billion.

CBS MoneyWatch

Economy Slows While Stock Market Grows July 15, 2011 How can stocks be approaching an all-time high if the economy is suffering from high unemployment and sagging home prices? Editors Jill Schlesinger and Jack Otter explain.

CBS MoneyWatch

S&P: 50% Chance of Cut to US Credit Rating July 15, 2011 Ratings agency S&P says there’s a 50-50 chance it will downgrade the government's credit rating over the debt limit stalemate. Plus: Google reports blockbuster profits of nearly $7 billion.

CBS MoneyWatch

Bernanke Rules Out Extra Stimulus July 14, 2011 In a second day of testimony before Congress, the Fed chief says the government isn’t immediately pump more cash into the economy. Plus: End of the road for Borders bookstores?