Fear of a deep global slowdown ripped through financial markets Thursday, wiping out a decade of U.S. stock market gains and driving yields on government debt to record lows as aversion to risk exploded. Read more »
U.S. stocks plunged to their lowest in five-and-a-half years Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline. Read more »
U.S. stocks extended losses Monday on worries that the global economic downturn is worsening, while Citigroup said it would cut more than 50,000 jobs, adding to concerns over the ailing labor market. Read more »
U.S. senators asked the nation's biggest banks Thursday to explain how they are using the billions of taxpayer dollars provided to them under a massive government bailout program. The answers were mixed. Read more »
U.S. stocks tumbled Wednesday after the country's top electronics retailer warned the current business climate was the worst in 40 years, adding to recent economic gloom. Read more »
Scott Terry is one of 7,000 who work in the small Ohio town of Wilmington who just found out he's lost his job, and he's scrambling to figure out how his family will survive. Read more »
Fannie Mae said Monday that the housing finance company has taken over so many homes through foreclosures that if it were a town, it would be bigger than Dayton, Ohio. Read more »
U.S. stocks rose Friday as bargain hunters scooped up shares at multiyear lows after a big drop in the October payrolls was less dire than feared. Read more »
Wall Street hardly delivered a rousing welcome to President-elect Barack Obama Wednesday, dropping by the largest margin on record for a day following a U.S. presidential contest. Read more »
U.S. energy policy has become a major issue for the 2008 presidential campaigns after high energy costs added to consumer woes this year and both parties seek to reduce dependence on foreign oil. Read more »
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