September Trade Deficit Falls To $56.5 Billion
Posted: 7:32 AM A record decline in the price of crude oil helped to push the U.S. trade deficit down to the lowest level in nearly a year even though the deficit with China shot up to an all-time high.
Posted: 7:32 AM A record decline in the price of crude oil helped to push the U.S. trade deficit down to the lowest level in nearly a year even though the deficit with China shot up to an all-time high.
Updated: 7:02 AM The government says that the number of newly laid-off individuals seeking unemployment benefits jumped more than expected last week to a seven-year high.
Posted: 2:28 PM A disheartened Wall Street has suffered its third straight loss, as investors absorbed more dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all.
Posted: 2:18 PM Yum spokesman Jonathan Blum said today that several hundred jobs will be eliminated in Louisville, Ky., as well as at Taco Bell's headquarters in Irvine, Calif., and at Pizza Hut's headquarters in Dallas.
Updated: 1:37 PM Something we can all think about the next time we see a homeless person on the streets, one in every four homeless people in El Paso County once served our county in uniform. Now there are an increasing number of veterans from the on-going wars in Iraq and Afghanistan who come home, leave the military, and wind up with nothing.
Updated: 6:55 PM With tough economic times, retailers are launching sales early before Black Friday to entice shoppers into the stores. Kmart shoppers are opting for the layaway plan.
Posted: 3:44 PM A California 7-Eleven store received more than 100 applications in a week and a half, for jobs that pay $8.50 an hour.
Updated: 12:39 PM American International Group is defending a sales meeting it held at a luxury resort in Arizona, saying it was a necessary training tool.
Posted: 2:14 PM Wall Street's short-lived enthusiasm over a $586 billion Chinese stimulus package has given way, once again, to anxiety about the U.S. economy.
Updated: 7:21 AM More losses, but another helping hand from Washington Monday for ailing insurance giant American International Group.
Posted: 7:16 AM President-elect Obama is getting down to the business of business Friday.
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.