Hiring practically stalled in December, driving the nation's unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.
The Federal Reserve announced Friday that it is increasing the amount of money available to banks through a new auction process, one of the main ways it is combatting a severe credit squeeze. The Fed again pledged to continue with the auctions "for as long as necessary."
The drag on the U.S. economy from a deep housing slump should ease by mid-year, paving the way for stronger economic growth, a top White House adviser told CNBC.
The odds of future interest rate cuts increased Friday after the release of weaker-than-expected December jobs data.
The first employment report of the year looks set to make or break the trading day for stocks worldwide, as investors' fears about the fate of the U.S. economy grow.
Worries about inflation may limit any monetary easing by the Federal Reserve, even though credit crunch and a slower economy have investors expecting aggressive interest rate cuts, The Wall Street Journal said on Friday.
President Bush said he was considering the possibility of offering a fiscal stimulus package to help boost the economy but said he has not made a decision yet.
New orders at U.S. factories surged a bigger-than-expected 1.5 percent in November on a bigrise in orders for nondurable goods, a government report showed on Wednesday.
The text of the minutes released January 2, 2008 from a Federal Open Market Committee meeting held on December 11. 2007.
Fed members worried last month that a credit crunch could sharply brake economic growth and require big rate cuts, minutes of the December meeting show.
Pakistan's brief period as a destination for adventurous investors seems over for now, as the killing of opposition leader Benazir Bhutto brings fresh instability to an already volatile nuclear-armed nation.
U.S. consumer confidence rose slightly in December with a marginal improvement in the outlook for business conditions, employment and inflation, according to a private report on Thursday.
The economy is continuing to show further signs of weakness and rising inflation, according to the latest government reports.
Oracle's strong earnings could give some tech names a bounce Thursday though markets are again being haunted by credit worries, and another Wall Street firm is set to report earnings before the bell.
Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped.
Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.
I realize this was a momentous occasion, being allowed to sit in on a meeting of the Federal Reserve board of governors and watch as they considered a proposal critical to the future of the mortgage market. I guess I just expected more. The room is austere, the governors impressive, the staff remarkable, but the meeting was unremarkable.
Housing starts and earnings from Goldman Sachs and Best Buy are among the headlines the stock market will care about ahead of Tuesday's open.
Time for the year end predictions, and I'll predict I stand by each one. Well, maybe not each one, but who knows, I might be right on at least number seven.
Let the market set interest rates, not the Federal Reserve, the Republican presidential hopeful says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.