Now that unemployment has topped 10 percent, some liberal-leaning economists see confirmation of their warnings that the $787 billion stimulus package President Obama signed into law last February was way too small. The economy needs a second big infusion, they say.
A deep-seated anxiety about how soon the Federal Reserve will raise rates has caused the widest chasm between short- and long-dated Treasury yields in 20 years.
Stocks finished lower Friday, despite a last-ditch attempt to rally, as technology shares took yet another hit — this time it was weak earnings from PC maker Dell. Still , for the week, the Dow gained about 50 points.
Black Friday deals may not be as good as they once were as they day evolves into more of a marketing event, but that doesn't stop some shoppers from venturing out.
The recession has taught retailers and consumers new lessons about the art of a deal. In the process, Black Friday, the traditional first day of the holiday shopping season, has lost some of its luster.
Although consumers are mired in the deepest recession in decades, there are plenty of reasons to believe that this holiday season will not be as bad for retailers as last year.
Stocks declined Friday as technology shares took yet another hit — this time it was weak earnings from PC maker Dell. Merck was among the few gainers today as investors moved into classically safe bets like health care, consumer staples and utilities.
If AOL's announcement on Thursday of another 2,500 job cuts is anything to go by, the painful layoffs that have ravaged the media industry over the past year are nowhere near over.
With deep pricing discounts on many electronic products, retailers are hoping to lure in shoppers who are guarding their wallets more carefully.... Read More
Dell reported earnings results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares... Read More