Market volatility hits millions of working Americans

Global Business

The woes on Wall Street are already being felt on Main Street as Americans worry about the impact falling stock prices are having on their retirement savings plan. But some Americans are being hit harder than others. One New Yorker lost thousands of dollars in just one week.

CCTV’s Liling Tan filed this report in New York.

Market volatility hits millions of working Americans

Market volatility hits millions of working Americans

The woes on Wall Street are already being felt on Main Street as Americans worry about the impact falling stock prices are having on their retirement savings plan. But some Americans are being hit harder than others. One New Yorker lost thousands of dollars in just one week.


Factors affecting possible September interest rate hike
There’s uncertainty about whether the U.S. Federal Reserve will begin raising interest rates in mid September. Only weeks ago the U.S. Fed signaled that it was almost ready to make the first upward move in almost eight years. But doubts are emerging because of recent global market turbulence. CCTV’s Washington Correspondent Daniel Ryntjes filed this report.

Factors affecting possible September interest rate hike

Factors affecting possible September interest rate hike

There's uncertainty about whether the U.S. Federal Reserve will begin raising interest rates in mid September. Only weeks ago the U.S. Fed signaled that it was almost ready to make the first upward move in almost eight years. But doubts are emerging because of recent global market turbulence. CCTV's Washington Correspondent Daniel Ryntjes filed this report.


Steve Hanke and Sung Won Sohn on China’s stock market

For more on China’s stock market and its impact on the world economy, CCTV America spoke to Steve Hanke, Professor of Applied Economics at Johns Hopkins University and Sung Won Sohn, Professor of economics at California State University, Channel Islands.

Follow Steve Hanke on Twitter @steve_hanke.

Steve Hanke and Sung Won Sohn on China\'s stock market

Steve Hanke and Sung Won Sohn on China\'s stock market

For more on China's stock market and its impact on the world economy, CCTV America spoke to Steve Hanke, Professor of Applied Economics at Johns Hopkins University and Sung Won Sohn, Professor of economics at California State University, Channel Islands.