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  • Oil Falls Below $89 as Stock Markets Plunge Monday, 21 Jan 2008 | 12:32 PM ET
    Oil Pump

    Oil slid to a six-week low below $89 a barrel on Monday as stock markets fell and concern mounted over an economic slow-down led by top consumer the United States.

  • Euro Markets Wipe Off $300 Billion Monday, 21 Jan 2008 | 12:09 PM ET
    Christopher Walls, of Institutional Direct Inc., watches a monitor on the floor of  the New York Stock Exchange, Tuesday, Feb. 27,  2007, in New York. Wall Street fell sharply, joining a global stock decline sparked by growing concerns that the U.S. and Chinese economies are cooling and that U.S. stocks are about to embark on a major correction. (AP Photo/Henny Ray Abrams)

    Europe's major stock indexes suffered their biggest one-day selloff since Sept. 11, 2001 Monday and lost over $300 billion in market value.

  • Asian Stocks Sink on Economic Worries Monday, 21 Jan 2008 | 5:21 AM ET

    It was a dismal session for Asian stocks Monday, with markets dragged down by financial counters. Japan finished almost 4% lower. South Korea shed nearly 3% and Australia declined for the 11th straight session, down 2.9%.

  • Australia Producer Prices Tempered by Food, Imports Sunday, 20 Jan 2008 | 9:06 PM ET

    Australia's producer prices rose by less than forecast last quarter as falls in the price of food and imported electronics helped temper rising fuel and construction costs, taking some steam out of inflation fears.

  • Week Ahead: Can Earnings Cheer Gloomy  Market? Sunday, 20 Jan 2008 | 3:56 PM ET

    A heavy gloom hanging over Wall Street may deepen this week unless such bellwether companies as Apple and United Technologies provide investors with hope that the U.S. economy can avert recession.

  • Unity on Need for Stimulus, but Still Room for Debate Sunday, 20 Jan 2008 | 11:40 AM ET
    President Bush ocomments on the US Economy from the White House, with Vice President Dick Cheney, left, and Treasury Secretary Henry Paulson, right.

    Agreement between the White House and Congress that the stumbling U.S. economy needs help was a big first step but it was clear Saturday there was room for sparring over crafting a rescue package.

  • Bear Market Looms As Major Indexes Keep Falling Friday, 18 Jan 2008 | 5:06 PM ET

    Major U.S. indexes have broken key technical support levels, leaving the stock market vulnerable to further declines and the turbulence could get worse, according to chart watchers.

  • Mitt Romney: His Stimulus Package For The Economy Friday, 18 Jan 2008 | 4:50 PM ET
    Mitt Romney (R)

    Bidding to seize control of the accelerating debate over economic stimulus, former Massachusetts Gov. Mitt Romney is proposing a package with something for everyone. In an interview this afternoon, Mr. Romney said he will propose:

  • Why Stock Market's Selloff Is Likely to Continue Friday, 18 Jan 2008 | 2:44 PM ET

    Forget rate cuts and stimulus packages. In Wall Street's eyes, the recession is already here and the credit crunch is far from over.

  • Oil: Is The Price On A Downward Trend? Friday, 18 Jan 2008 | 2:13 PM ET

    If you're worried about losing your job, being able to afford your mortgage or paying your heating bill, you're likely to ease up on the money you spend on energy--whether its filling up the gas tank less often or putting on more sweaters in your house.

  • Why are the markets yawning even though the President has announced a stimulus package? The reason is that 1) The extent of the consumer slowdown is uncertain, and 2) The extent of the global slowdown is uncertain.

  • Dollar Gains vs. Yen on Stocks, US Consumer Sentiment Friday, 18 Jan 2008 | 10:23 AM ET

    The dollar gained against the euro and yen Friday as rising equity markets calmed investors, prompting a few to edge back into relatively risky carry trades.

  • Rate Cuts Are "Quite Possible": Fed's Lacker Friday, 18 Jan 2008 | 10:07 AM ET

    Weaker U.S. growth means that more interest rate cuts are "quite possible" but inflation is also still a risk, Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday.

  • Consumers Cheered Up a Bit in Early January Friday, 18 Jan 2008 | 10:05 AM ET

    U.S. consumers' mood brightened a bit in January, defying expectations driven by the constant drumbeat of talk about a possible recession, weak jobs market and falling stock prices.

  • So for bulls and bears it's a tough call either way: 1) How much do you believe the U.S. consumer is slowing down, and 2) How much ancillary slowdown will the global economy see. Bears say consumer slowdown has just begun, and global slowdown is just starting, with the U.K. already slowing.

  • Why French Workers Prefer to Get Fired Friday, 18 Jan 2008 | 8:51 AM ET

    French President Nicolas Sarkozy wants to change the law to allow workers who quit their jobs to receive unemployment benefits, as many French workers go to great lengths to get fired if they want to search for a new job.

  • Oil Rises Towards $91 after Dip on Economy Concern Friday, 18 Jan 2008 | 8:43 AM ET
    Oil Pump

    Oil rose almost $1 to above $90 a barrel on Friday, staging a limited recovery after falling sharply this week on concern the United States would slip into recession and erode demand in the world's top consumer.

  • Asian Markets Close Higher, Recession Fears Remain Friday, 18 Jan 2008 | 5:29 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Most Asian markets managed to bounce back and close higher Friday, except for India's Sensex index which closed down by more than 3 percent.

  • Stimulus Plan, Rate Cuts May Be Too Little, Too Late Thursday, 17 Jan 2008 | 4:32 PM ET
    NYSE Traders

    Wall Street is sending a clear message to Washington: an economic stimulus plan and Fed  rate cuts are too little, too late.

  • GM's Good News May Not Be Enough For A "Stuck Stock" Thursday, 17 Jan 2008 | 2:50 PM ET
    GM logo, General Motors logo

    This afternoon, GM investors got the kind of good news they've been craving for several months. Talking with analysts in Dearborn, Michigan, GM's Chairman and CEO Rick Wagoner said the company plans to save an additional $5 billion by 2011.

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