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Fueled by government stimulus, the economy grew last quarter for the first time in more than a year. The question now is, can the recovery last? ...more
October 30, 2009
Three bits of economic news may lift the veil of gloom a bit, especially for some in the Tampa area. Based on that and other data in recent weeks, analysts and the stock market have responded positively, with the Dow Jones industrial average up 120 points Wednesday. ...more
August 13, 2009
President Barack Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant. ...more
March 30, 2009
A stunning about-face in bank shares handed the stock market its best week since November. ...more
March 14, 2009
With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said Thursday. ...more
March 12, 2009
Investors' despair about financial companies and the recession has brought the Dow Jones industrial average to another unwanted milestone: its first drop below 7,000 in more than 11 years. ...more
March 3, 2009
Federal Reserve Chairman Ben Bernanke has given Wall Street a double dose of reassurance. Now it's President Barack Obama's turn. ...more
February 24, 2009
Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997, while the Standard & Poor's 500 index logged its lowest finish since April 11, 1997. All the major indexes slid more than 3 percent. The Dow is just over 100 points from 7,000. ...more
February 24, 2009
Despairing investors keep unloading stocks, and there are no signs that the selling will end anytime soon. ...more
February 21, 2009
The number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. Both figures were worse than expected and new projections from the Federal Reserve show unemployment rising for the rest of this year. ...more
February 20, 2009
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