The online betting market Intrade has shut down. Intrade allowed customers to wager on the outcome of events such as presidential elections. The company says all betting is on hold until it can investigate possible financial irregularities.
This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. 7.7 percent is the latest unemployment rate. That's the number for February, according to the Labor Department's report out this morning. Economists were expecting a ho-hum job survey. Instead, they got a pleasant surprise, as NPR's Dan Bobkoff reports.
Some other news. The country's biggest banks are in much better shape than before the financial crisis, at least according to the Federal Reserve's third round of so-called stress tests.
NPR's Dan Bobkoff reports.
DAN BOBKOFF, BYLINE: The tests simulate a nightmare scenario: How would the banks fare if unemployment topped 12 percent, stock prices were cut in half and housing values fell 20 percent? We all know what happened five years ago when a crisis was more than hypothetical.
Martha Stewart took the stand Tuesday in a lawsuit that involves her company Martha Stewart Living Omnimedia, Macy's and J.C. Penney Co. Macy's is suing J.C. Penney and Stewart's company for breach of contract.
Most Americans are earning more money than their parents, according to a new study from Pew's Economic Mobility Project. But those gains don't tell the whole picture.
Let's start with the good news. The Pew Charitable Trust study looked at actual pairs of children and parents. Around age 40, 83 percent of the children were earning at least a thousand bucks more than their parents were when they were 40.