WASHINGTON (AP) - The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own. ...more

November 9, 2008

A case of post-election nerves sent stocks plunging Wednesday as investors, anxious about a recession, are wondering what impact a Barack Obama presidency will have on business and the overall economy. The Dow Jones industrials fell 486.01, or 5.05 percent, to 9,139.27. All other major indexes tumbled, too. ...more

November 6, 2008

Investors believing that Wall Street is on the verge of a year-end rally piled into the market Tuesday, brushing off more weak economic data while they scarfed up stocks and propelled the Dow Jones industrials up 300 points to its highest close in four weeks. ...more

November 5, 2008

Wall Street joined stock markets around the world in a huge sell-off Friday, sending major market indexes to their lowest levels in more than five years on the belief that a punishing economic recession is at hand. A grim outlook from electronics maker Sony helped trigger the selling, and another bleak forecast from the automaker Daimler added momentum to the drop. ...more

October 25, 2008

Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums - perhaps by putting more money in Americans' pockets. The White House said Monday that President Bush was open to some sort of action after Federal Reserve Chairman Ben Bernanke warned the slump could drag on without the extra bracing tonic. ...more

October 21, 2008

NEW YORK - Wall Street surged on a burst of optimism Monday, propelling the Dow Jones industrials up more than 400 points on more signs of a reviving credit market and comments from Federal Reserve Chairman Ben Bernanke. ...more

October 20, 2008

WASHINGTON - Social Security benefits for 50 million people will be go up 5.8 percent next year, which will give the average retiree an additional $63 per month. ...more

October 16, 2008

Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The market's despair - fed by a stream of disheartening economic data - propelled the Dow Jones industrials down 733.08 points to 8,577.91 in its second-largest point loss ever. The major indexes all lost at least 7 percent. ...more

October 16, 2008

Investors agonizing over a faltering economy sent the stock market plunging all over again today after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The Dow Jones industrials dropped as much as 572 points, more than half their huge 936-point advance from Monday, and all the major indexes fell at least 5 percent. ...more

October 15, 2008

General Motors Corp.'s efforts to hoard cash and outlast a prolonged economic slump claimed the jobs of more than 2,700 workers Monday as the automaker announced the demise of factories in Michigan and Wisconsin. ...more

October 15, 2008