Steve Chiotakis
Latest Stories (374)
National Automobile Dealers Association meets in San Francisco
Feb 4, 2011
Car dealers have hit some rough road during the past couple of years -- GM and Chrysler filed for bankruptcy and took government bailouts, and hundreds of dealers closed. But things are looking up for the auto industry, and car dealers are gathering for a convention in San Francisco.
Little job growth, falling unemployment rate: What does it mean?
Feb 4, 2011
The nation's economy created 36,000 jobs last month -- not even enough to keep up with population growth, let alone boost the economy. Meanwhile, the unemployment rate fell to 9 percent, the lowest level in nearly two years. Jill Schlesinger explains the Labor Department's mixed report.
Mortgage-backed securities are making a comeback
Feb 3, 2011
Analysts blame mortgage-backed securities for the 2008 financial crisis. So it's surprising that the bonds are making a comeback. Anusha Shrivastava, of Dow Jones Newswires, explains.
It gets worse: Australia prepares for a powerful cyclone after record flooding
Feb 2, 2011
Just weeks after northern Australia was covered by floodwaters, the same part of the country prepares for a massive cyclone. Flood-ravaged businesses and communities are ready, reluctantly, for yet another economic and natural disaster, as economist Brian Redican explains.
Factory activities rose in January
Feb 1, 2011
We got word today from the Institute for Supply Management, factory activity rose last month. Economists had predicted the numbers would be flat so the positive reading kinda caught some analysts off-guard.
Egypt's food subsidy program is a 'strategic national security'
Feb 1, 2011
Protests continue in Cairo over high unemployment and high food prices. Steve Chiotakis speaks with Abdolreza Abbassian, senior economist at the UN's Food and Agriculture Organization, about Egypt's high price of food, and the nation's food subsidy program.
A new FAA bill could create jobs, reduce fuel use
Jan 31, 2011
The Senate this week will likely bring up a bill that helps to fund the Federal Aviation Administration -- the FAA. Similar bills in the past have been squashed because of political opposition. Seth Kaplan explains.
Naguib Sawiris on the importance of democracy for business in Egypt
Jan 31, 2011
Steve Chiotakis speaks with Naguib Sawiris, chairman of the Egyptian telecom company Orascom, about the events in Egypt, and how a democratic government will benefit Egyptian businesses.
Egyptian protests concern major U.S. companies
Jan 31, 2011
The protests continue in Egypt today. Steve Chiotakis speaks with John Hamilton, North African specialist at Cross Border Information, about how American companies are reacting to the political unrest.
Egypt shuts off Internet and cell phone service
Jan 28, 2011
In Egypt today, anti-government protests continue as riots in the streets clash with police. The Egyptian government has shut off the Internet and cell phone service as a means to control the violence. David Butters, head of the Intelligence Unit with the Economist magazine, explains how this will affect global economics.