President-elect Barack Obama is crafting a financial stimulus plan far more ambitious than any quick infusion of cash for a struggling economy, viewing it instead as a vehicle to create jobs and push the nation in the direction of improved health care and roads, and clean energy. ...more

December 8, 2008

Hit with an awful consumer spending market, home shopping channel HSN is paring back operations. ...more

December 5, 2008

Online retailers are ramping up heavy-duty deals to turn skittish shoppers into buyers during the crucial Thanksgiving weekend and "Cyber Monday" - but even so, online sales are expected to be fairly flat after years of strong growth. ...more

November 30, 2008

Despite rising unemployment and a declining economy, take heart: The Grinch won't steal Christmas this year. ...more

November 29, 2008

Holiday deals may be hot, but retailers can still expect the worst Black Friday since the early 1970s, according to a University of Central Florida economist. ...more

November 27, 2008

Four grim economic reports released by the government Wednesday added up to a bleak overall picture of the slowing economy. ...more

November 27, 2008

TAMPA The holiday deals may be hot, but that won't be enough to convince consumers to spend like retailers hope they will, according to a University of Central Florida economist. This week's Black Friday will be a disappointing one for the retail industry, as overall consumer spending continues its downward slide this quarter. This rate of decline has not been seen in Florida since 1974, said economist Sean Snaith. ...more

November 26, 2008

The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. ...more

November 25, 2008

The U.S. economy's health has completely deteriorated. Our market activity and that of our major global trade partners has slowed significantly, leading to a decrease in U.S. exports and consumer expenditures. America endured negative growth in GDP down to -.03 percent in the third quarter. The unemployment rate grew at an alarmingly rapid rate in the last quarter. When the fourth quarter statistics emerge, the U.S. economy will likely be in a full blown recession. ...more

November 25, 2008

Now the big three tells us they need an infusion of cash to the tune of about $25 billion. ...more

November 22, 2008