Economy

Economy

UK economy in reverse Britain's economy has shrunk by half a per cent in the third quarter of 2008. The Office for National Statistics says the 0.5 per cent drop in gross domestic product in the three months to September was the biggest since 1990 and the first contraction since 1992, further fuelling predictions of a long and painful recession. Read More ...

Stocks fall as retail sales show steep drop Wall Street pulled back again Wednesday after economic data raised the possibility that the country is either in a recession or moving toward one. Read More ...

Stocks fall as retail sales show steep drop Wall Street pulled back again Wednesday after economic data raised the possibility that the country is either in a recession or moving toward one. Read More ...

Job Losses Mount The economy continues to lose jobs, the sectors with the biggest losses may surprise you. Read More ...

Wall Street looks to regain losses Stocks continued a rebound following a private research group report that Americans' confidence in the economy has improved in September. Read More ...

Wall Street Faces trying day ahead Financial markets remained jittery Friday after efforts to approve a $700 billion banking bailout hit a serious roadblock. Stocks fell sharply, while fears of a deepening economic crisis fed safe-haven buying in Treasury notes. Read More ...

Wall Street Faces trying day ahead Financial markets remained jittery Friday after efforts to approve a $700 billion banking bailout hit a serious roadblock. Stocks fell sharply, while fears of a deepening economic crisis fed safe-haven buying in Treasury notes. Read More ...

FBI Investigates Wall Street The Federal Bureau of Investigation has launched a probe into alleged wrongdoings in a number of companies that may have led to the onset of the financial crisis. Read More ...

IT'S THE ECONOMY With giant financial firms failing in the U.S., Wall Street has been in turmoil for the last two weeks. Read More ...

What Will Become of Lehman Brothers WSJ's Heidi Moore with the Deal Journal Blog says that the Lehman Brothers firm are taking intense measures to restructure, soothe investors, and secure the survival of the company. Read More ...

Pre Market The stories, data, and stocks that may have the greatest impact during the next trading session. Read More ...

Market's Volatility Likely to Continue Alan Valdes of Hilliard Lyons says markets will remain volatile as long as volume is low. Read More ...

What to Take Away From GMs Announcement WSJs John Stoll parses General Motors recent announcement that it would cut costs and build capital. He tells Jeff Bennett the number one takeaway is that GM is trying to shore up enough money to stay afloat over the next two years. Read More ...

More Regulation May Be What Banks Need David Henderson of Raven Securities says that business may not like governemnt interference but in light of the credit crisis, it may not be just what the system needs. Read More ...

Asian Market Summary A daily review of the movements within the major Asian/Pacific markets. Read More ...

Asian Market Summary A daily review of the movements within the major Asian/Pacific markets. Read More ...

Unchanged Interest Rates Hurting The Dollar The US dollar is seeing the effects of the Federal Reserve's decision to hold interest rates by sliding in trading the euro and the yen. Read More ...

New home sales and prices both drop in May New home sales in May tumbled 2.5 percent while median prices kept falling and housing woes deepened. Read More ...

Pre Market The stories, data, and stocks that may have the greatest impact during the next trading session Read More ...

Record euro zone inflation Food and fuel price increases are to blame for record euro zone inflation which make rate ECB rate hikes likely next month. * Oil hits record of almost $140 * Barclays in bumper rights issue Read More ...

The Week Ahead The stories, data, and stocks that may have the greatest impact during the next trading session. Read More ...

Data Roils Stocks Unemployment rate rises to highest level in 22 years, oil prices surge and the dollar falls, creating the perfect storm on Wall Street. Read More ...

Stocks hit by inflation, high oil U.S. stocks finished sharply lower on Tuesday after signs of rising inflation and record oil near $130 a barrel added to growing fears of a consumer-led slowdown. The Dow fell 199 points to 12,828. The S&P 500 shed 13 points to 1,413. The Nasdaq fell 23 points to 2,492. Crude oil settled at a lifetime best of $129.07. Speaker: Art Hogan, chief market strategist, Jefferies & Co Conway Gittens reports from New York. Read More ...

Japan economy growing Japan's economy grew faster than expected last quarter, boosted by strong exports and private spending. The world's No. 2 economy expanded 0.8% on quarter, an annualized rate of 3.3%. Dan Sloan reports. Read More ...

Housing Bill Passes A new bill to help struggling homeowners passes through the House of Representatives but it may be stalled. Read More ...

Eye on Commodities Steve Grasso of Stuart Frankel & Co. says the focus is off the Fed and on commodities. Read More ...

Ericsson Shares Soar Ericsson's latest results have sent the stock soaring. Nomura International analyst Richard Windsor discusses the numbers with MarketWatch's Aude Read More ...

Business - Markets Feed Ericsson's latest results have sent the stock soaring. Nomura International analyst Richard Windsor discusses the numbers with MarketWatch's Aude Read More ...

Fed Rate Cuts Expected to Continue WSJ's chief economics correspondent Greg Ip, discusses the Federal Reserve's two-day meeting next week. A pause in rate cuts can't be ruled out, he says, but the Fed is likely to cut interest rates by a quarter-percentage point. (April 24). Read More ...

Asia stocks cheered by U.S. banks Better than expected news from U.S. financial houses and Intel boost sentiment. China shares slump on fresh economic data showing further monetary tightening may be on the cards. Read More ...

Politician s Debate Solution to Housing Market Politician's squabble over how to best solve the housing crisis, but S&P Chief Economist David Wyss says any solution from Washington will not likely help Read More ...

Pre Market U.K. What could impact the coming trading week. Read More ...

US Dollar Trades at Record Low Against the Euro With traders waiting news on the European Central Bank's Euro-zone forecast, the US dollar hit an all-time low against the euro at $1.5912 per euro in overnight trading. Read More ...

Bank cuts interest rates to 5% Interest rates are cut to 5% by the Bank of England to shore up the UK's slowing economic growth. Read More ...

Your Rebate Check The government wants to give you money. How much? And when's it coming? Read More ...

IMF warns credit turmoil spreading IMF warns of market turmoil spreading UK house prices shock drop Banks lead European shares lower Banks lead European shares lower Read More ...

US Credit Crunch Costs $1Trillion - IMF Estimate The global economy could stand to lose an estimated $1 trillion U.S. due to the combined credit crunch in the U.S. housing, consumer lending and corporate credit markets. Read More ...

Stocks drift on recession talk The Dow lost 48 points to 12,605. The S&P 500 dipped 2 points to 1,367. The Nasdaq slipped a point to 2,361.Speaker: Ben Bernanke, chairman, U.S. Federal ReserveConway Gittens reports from New York.Conway Gittens reports from New York. Read More ...

Wall St. hopes lifted by economic data The Dow surged 261 points to 12,361. The S&P 500 rallied 31 points to 1,329. The Nasdaq rose 48 points to 2,258. Crude oil and gold saw further slides.Conway Gittens report from New York.Conway Gittens report from New York. Read More ...

Riding Out the Market Storm Jonathan Vyorst of Paradigm Capital Management discusses great purchasing despite a gloomy market outlook Read More ...

Small Firms Can Win Big Only a tenth of 1% of American companies achieve yearly sales of $250 milion Read More ...

Leisure Industry Battles Economy The sector is finding itself on alert as the US economy continues to falter. Read More ...

Morgan reports huge loss The company also said it will get a $5 billion cash infusion from China investment. Read More ...

US Markets Seesaw Amid Housing Worries The Dow lost 25.20 points to 13,207. The S&P 500 down 1.98 points to 1,453. The Nasdaq was up 4.98 points to 2,601. Read More ...

US dollar slips back against Euro after early spike The dollar pushed the Euro to a near two-month low Monday on diminishing hopes of further cuts in US interest rates but later fell back against the European single currency in a technical adjustment. Read More ...

Asia falls on US inflation fears Asian share markets extended declines on Monday, as rising US inflation and high oil prices raised concerns the US Federal Reserve may be unable to make deeper rate cuts, in order to prevent recession in world's largest economy. Read More ...

Drop in U.S. Dollar draws foreign tourists The weak U.S. Dollar has many Europeans Looking ath United States as a cheap place to spend their holidays money and load up on material goods. Read More ...

A Look at New York Real Estate Dean Shapiro, executive managing director at real estate services company CBRE, talks with Paul Lin about the market for housing and commercial real estate in New York. Read More ...

Editing Greenspan's Economy Joanthan Burton interviews author Robert Kuttner about his new book, "The squandering of America." The author blames Alan Greenspan for the current economy and says politics are getting in the way of sound economics. Read More ...

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