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  • Stocks Pare Losses as Oil Surrenders Gains Thursday, 7 Aug 2008 | 3:48 PM ET

    Stocks pared some losses Thursday afternoon as oil prices flattened out. Putting pressure on stocks today was a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.

  • Wal-Mart, AIG Drag on Stocks Thursday, 7 Aug 2008 | 11:11 AM ET

    Stocks opened lower, clipped by a quartet of dismal news: a rise in jobless claims, oil's resurgence, Wal-Mart's sales miss and AIG's wider-than-expected loss.  But a better-than-expected report on home sales helped shave a few points off the decline.

  • Credit Crunch Puts Pinch on Savings: Malpass Thursday, 7 Aug 2008 | 10:40 AM ET

    Today’s consumer credit report is expected to show that the economic slowdown caused consumers to borrow less readily in June, but David Malpass, president of Encima Global, disagreed.

  • Stocks Pare Losses After Home-Sales Report Thursday, 7 Aug 2008 | 10:21 AM ET

    Stock futures fell further after a report showed jobless claims unexpectedly rose last week. Futures had already been pointing lower as oil rose nearly $3 a barrel, Wal-Mart missed sales estimates and Dow component AIG posted a wider-than-expected loss.

  • Jobless Claims Hit Highest Point in Six Years Thursday, 7 Aug 2008 | 10:11 AM ET

    The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.

  • Australia Full-Time Jobs Jump, Unemployment Steady Wednesday, 6 Aug 2008 | 11:37 PM ET
    Austrailia, Austrailian Flag

    Australian employment rose by more than expected in July, driven by a surprise surge in full-time positions which, while not barring an early easing in interest rates, tempered speculation about a series of aggressive cuts.

  • Web Extra: Jobs In Jeopardy Wednesday, 6 Aug 2008 | 9:04 PM ET

    If you've been laid off, here's how to make sure your 401(k) is coming with you.

  • Consumer Recession Looms, Merrill Economist Says Wednesday, 6 Aug 2008 | 10:06 AM ET

    The U.S. economy is at the onset of the first consumer recession since the early 1990s, and it's facing headwinds comparable to the six-quarter recession that pushed the Standard & Poor's 500 Index down 40 percent in the 1970s, said David Rosenberg, chief North American economist for Merrill Lynch.

  • Rate Hike? Don't Hold Your Breath Tuesday, 5 Aug 2008 | 4:48 PM ET

    What you think of today’s statement by the Federal Reserve depends a lot on what you thought before the announcement. Those who believed the Fed was on course to tighten in the fall see the statement as dovish; those who thought that was unlikely see the statement as either neutral or even hawkish. I’m in the camp who believes this statement was neutral as to the outlook for policy changes.

  • Big Selloff in Commodities May Help Ease Inflation Tuesday, 5 Aug 2008 | 2:34 PM ET

    The recent pullback in commodity prices—particularly oil—may moderate inflation in the coming months, providing some relief for consumers, stocks and the Fed.

  • Text: FOMC Statement Tuesday, 5 Aug 2008 | 2:21 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below is the statement released by the Federal Open Market Committee after its Aug. 5 meeting on interest rate policy:

  • Fed Indicates No Rush To Raise US Interest Rates Tuesday, 5 Aug 2008 | 2:14 PM ET
    Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw materials "remain a risk to the inflation outlook," Bernanke said. (AP Photo/Dennis Cook)

    The Fed held U.S. interest rates steady, expressing concerns about both economic growth and inflation and indicating it is in no rush to push borrowing costs higher.

  • For Fed, Keeping Rates Steady Is the Easy Part Monday, 4 Aug 2008 | 8:01 PM ET

    Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.

  • Companies Step Up the Pace of Layoffs Monday, 4 Aug 2008 | 7:40 AM ET

    Planned layoffs at U.S. companies jumped 26 percent in July from June, depicting further deterioration in the labor market, a report showed on Monday.

  • Stagflation Stifles Global Central Banks Monday, 4 Aug 2008 | 6:10 AM ET

    The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term interest rates this week, and their hands may be tied for some time as economic growth slows but inflation remains high.

  • Market Looks to Fed for Insight on Inflation Sunday, 3 Aug 2008 | 3:05 PM ET

    The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.

  • August Begins With Slide Friday, 1 Aug 2008 | 6:44 PM ET

    The Dow closed lower on Friday after General Motors reported hefty losses and new data showed U.S. employers cut jobs for the seventh straight month.

  • Stocks Kick Off August With a Drop Friday, 1 Aug 2008 | 6:12 PM ET

    Stocks started the month off with a decline as a rise in oil and larger than expected loss from  General Motors rekindled worries about the economy.

  • Parts of July Employment Report Signal Recession Friday, 1 Aug 2008 | 4:17 PM ET

    The U.S. economy shed jobs for seven straight months through July, something that has happened only eight other times since the end of the World War Two. Every other instance occurred during a recession.

  • Stocks Slide Amid Economic Worries Friday, 1 Aug 2008 | 4:00 PM ET

    Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.