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Holiday sales are expected to grow at the slowest pace in six years as shoppers worry about jobs, the housing and stock markets and high gas and food prices, according to a forecast from the National Retail Federation being released Tuesday. ...more
September 23, 2008
Wall Street turmoil left John McCain defending his support for privately investing Social Security money in the same markets that had tanked earlier in the week. ...more
September 20, 2008
The flow of money through critical parts of the financial system all but stopped Wednesday, prompting the stock market to plunge again as banks lost faith in one another and investors rushed to U.S. government securities to protect their savings. ...more
September 18, 2008
Unemployment is at a five-year high. Financial firms that withstood the Great Depression are failing. Congress and a lame-duck president are gridlocked. So when John McCain declared that "the fundamentals of our economy are strong," it drew ridicule from Democrat Barack Obama. ...more
September 17, 2008
Battered housing developers are a getting a bit more optimistic about their prospects for the next six months, an index of the sector's confidence showed Tuesday. ...more
September 17, 2008
Pending U.S. home sales fell more than expected in July as the housing market's struggles continued, an industry group said Tuesday. ...more
September 10, 2008
a nonissue except at times such as the present when the two are sending conflicting messages. ...more
September 9, 2008
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more
September 7, 2008
You know this country is in the midst of a housing crisis. It's been the headliner on the six o'clock news and the front-page story in all the papers, for months. ...more
September 7, 2008
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. ...more
September 6, 2008
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