Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off Americans whose benefits are running out.
Today it became official: this is the worst Bear Market since the Great Depression.
WASHINGTON: President Nicolas Sarkozy of France left the summit meeting on the financial crisis here last weekend in a triumphal mood, declaring that it had tamed the animal spirits of American capitalism.
NEW YORK -- Stocks plunged for a second straight day Thursday, falling to a ranges not seen in six years as financial and energy stocks tumbled and as demand for the safety of government debt spiked to historic levels.
Nov. 19 (Bloomberg) -- Warren Buffett's Berkshire Hathaway Inc. fell the most in at least 23 years, dropping for the eighth straight day since reporting a 77 percent decline in third- quarter profit.
The credit market is telling you that we are headed for an S&P 500 trading at three hundred and a DOW at under three thousand. That we are headed for unemployment north of 20% on the U6 (broad) measure, and GDP contraction of 20%...
Hello, Friends, Joe Biden, as well as three other "world leaders," have within the last week, made veiled comments to their friends that something HUGE is going to happen in the next two months. Colin Powell made this comment,Read Letter
[and you thought it was over] Democratic leaders in Congress sidetracked legislation to bail out the auto industry today and demanded the Big Three develop a plan assuring the money would make them economically viable. As a result, the fate of hundre
New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get even worse next year.
Bailing out companies that lose money on every vehicle they manufacture and cannot adapt to changing market conditions is not merely necessary in today's economic climate -- it's the American way.
This chart gives you a sense of how far the market has fallen and how far it could fall. Click on the chart to enlarge.
Stung by outsize investment losses, some of the nation’s biggest companies are pushing Congress to roll back rules requiring them to put more money into their pension funds, just 2 years after Bush signed a law meant to strengthen the pension system.
Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit's three automakers.
For many people, the Financial Crisis of 2008 is the first they’ve experienced. DBKP takes a look at five stock market crashes of the last 80 years and what happened.
The Dow Jones Industrial Average is set to sink to 6,400 within the next few weeks, Nicole Elliott, technical analyst at Mizuho Corporate Bank told CNBC.
Prices were dragged down by the large number of foreclosed homes on the market. For the first time since the slump began, repossessed properties in October accounted for more than half of residences sold.
Homeowners - SMARTEN UP! The FDIC program keeps you fully in debt, renting your home for the rest of your life. This is a terrible solution.
Total housing starts were at 791 thousand (SAAR) in October, the lowest level since the Census Bureau began tracking housing starts in 1959.
If our trajectory is not altered now our nation is going to play economic lawn dart at 600mph - possibly within weeks, likely within months. Please look at the charts that Karl presents in this article.
A series of videos of a Jim Rogers interview by FT's John Authers.
Before 2012: 1. America will be the first undeveloped country 2. Revolution, food shortages, riots, marches 3. Food instead of gifts for Christmas
The terms of the government ’s investment in the American International Group were released last week. After reading these terms, I have a multiple-choice question.
It seems to me that Mr. Hank Paulson and Mr. Ben Bernanke are making things much more difficult than they need to be, and I want to offer to give them a helping hand to dig us out of this recession. Call it my first act of "National Service,
ABX and CMBX spreads are predicting Armageddon is upon us. The credit markets are locked up tight and there is no more that can be done.
Lewis says he used to get away with a mere 10% down payment. Now 40% is required. Banks also are demanding that he set aside six months' worth of mortgage payments, double the amount in boom times.
This - sovereign debt denominated in other than your native currency - is how a nation winds up like Weimar Germany - or Argentina! We must not issue bonds denominated in foreign currency - period.
These are charts that the Main Stream Media will never show you. Check out the true unemployment rate which is around 16%.
“The more details emerge, the clearer it becomes that Washington’s handling of the Wall Street bailout is not merely incompetent. It is borderline criminal,” says Naomi Klein, author of The Shock Doctrine.
Unlike Subprime loans that were more localized to specific regions of the bubble states or lower priced areas, Alt-A loans cut across all socio-economic boundaries and can be found littering some of the most affluent areas in the nation.
U.S. home builders have never been as anguished about their industry as they were in early November, with their monthly market index gauge plunging five points to a record low 9, the National Association of Home Builders reported Tuesday. "We ar