Posted: 7:14 AM The government says the nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as employers slashed 240,000 jobs. It was stark proof the economy is almost certainly in a recession.
Posted: 7:11 AM As the number of days left in the White House dwindle, the Bush administration seems to be picking up the pace when it comes to getting the $700 billion financial rescue program up and running.
Posted: 7:16 AM Brewer Molson Coors says its third-quarter profit rose 28 percent, but that result missed analysts' expectations.
Posted: 8:27 AM The Commerce Department says factory orders dropped by 2.5 percent from August, much worse than the 0.7 percent drop analysts expected. That's on top of a revised 4.3 percent decline in August.
Updated: 3:22 PM Wall Street is up sharply in early trading, setting the stage for an Election Day rally as investors look forward to putting the uncertainty of the presidential voting behind them.
Posted: 7:41 AM Wall Street is starting November on a cautious note, with stocks narrowly mixed after last week's surge and ahead of readings on manufacturing activity, construction spending and auto sales.
Posted: 3:40 PM The stock market has closed out a horrendous October, its worst month in 21 years, with a big advance as more investors took chances on stocks turned into bargains by waves of intense selling.
Posted: 12:33 PM Democrat Barack Obama says President Bush has "driven our economy into a ditch" and Republican John McCain would keep it buried there if he gets elected.
Updated: 2:42 PM Wall Street has the interest rate cut it wanted, but still turned in a baffling late-day performance, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the market's big advance.
Updated: 7:02 AM Government data show orders to U.S. factories for big-ticket manufactured goods posted an unexpectedly strong showing in September.
Updated: 7:23 AM A new survey finds that fees for bounced checks and withdrawing cash from an out-of-network ATM rose again this year,
Posted: 2:16 PM Wall Street has ended the week with another sharp loss, joining stock markets around the world that fell on the growing belief that a punishing economic recession is at hand.
Updated: 11:59 AM The growing belief that the world will suffer a punishing economic recession has investors furiously dumping stocks.
Posted: 7:28 AM Many financial experts say the current financial crisis was a long-time coming. Former Fed Chief Alan Greenspan shares his thoughts.
Updated: 8:25 AM Americans' views on the economy's future are a mixed bag in the latest survey.
Posted: 8:29 AM World leaders will gather Nov. 15 in Washington for a summit to discuss the global economic crisis.
Updated: 7:13 AM Some stores are reminding people you can still buy things on layaway.
Posted: 8:51 PM Treasury Secretary Henry Paulson says the current financial challenges facing the country will persist for a number of months, but he said the economy will rebound.
Posted: 8:43 PM Amid the economic downturn, there's one resource that more and more people are turning to: pawnshops.
Posted: 3:56 PM The number of people who see America moving in the right direction is dwindling, but their optimism is fueled by the knowledge that the U.S. has made it through tough times before.
Updated: 6:43 PM Republican presidential candidate John McCain is dismissing the notion that he can't win the presidency if the top issue is the flagging economy.
Posted: 11:57 AM They think of this as their way of going green and making sure the plant is both economically and ecologically friendly.
Posted: 7:49 AM A watchdog group says two new IRS computer systems that will eventually cost taxpayers almost two-billion dollars are being put into service with known security and privacy problems.
Posted: 3:13 PM Stocks fell on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that said tight credit conditions are hurting businesses across the country.
Posted: 3:03 PM President Bush says the federal plan to buy up shares in U.S. banks is a temporary solution aimed at easing the current economic crisis.
