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More evidence of a dramatic slowdown in consumer spending surfaced Monday, as Sears Holdings Corp. warned a drop in sales would result in a profit shortfall and the world's largest retail trade group issued a downbeat sales forecast for 2008. ...more
January 15, 2008
The nation's major retailers are slated to report tepid sales gains for December today, likely making the holiday shopping season the weakest since 2002. ...more
January 10, 2008
Markets resumed their slide Monday as Wall Street absorbed a gloomy outlook for the banking sector, as well as bleak news from the National Association of Home Builders. ...more
November 20, 2007
Wall Street suffered its second big drop in a week Wednesday, with investors worried about spreading fallout from the credit crisis at banks and about a dollar that just keeps getting weaker. The Dow Jones industrial average fell more than 360 points - just about matching its pullback Nov. 1. ...more
November 7, 2007
American consumers hold the key to whether the unexpected drop in August's employment signals either a continuation of a gentle slowdown or a tumble into outright recession for the U.S. economy. ...more
September 8, 2007
Gen. David Petraeus, the top U.S. commander in Iraq, has told President Bush that he wants to maintain heightened troop levels in Iraq well into next year to reduce the risk of military setbacks, but could accept the pullback of an initial brigade beginning in January, according to senior administration and military officials. ...more
September 7, 2007
Stocks finished sharply lower Wednesday as a jittery Wall Street sold off on a report showing a large drop in pending home sales and read anecdotal data from the Federal Reserve's regional banks as offering little assurance that an interest rate cut is likely. The Dow Jones industrial average dropped more than 140 points. ...more
September 6, 2007
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