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New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get even worse next year. ...more
November 20, 2008
Re: "Few Would Have Believed Roof Could Fall In" (Our Opinion, Nov. 1): Congratulations on at least having made the attempt to warn people not to extend themselves too much in the real estate bubble. Having lived through similar bubbles long ago, I saw this coming early, but felt like a Cassandra when nobody would listen. ...more
November 20, 2008
The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed. ...more
November 13, 2008
Hit hard by the likely recession and credit crisis, boat dealership chain MarineMax Inc. lost $11.1 million in its most recent quarter and saw its sales fall nearly 50 percent. ...more
November 11, 2008
Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years, the Commerce Department reported Monday. ...more
October 28, 2008
As world financial markets continue to roil, credit card users may see higher fees, higher interest rates and lower credit limits. Credit card companies are raising rates as high and often as possible in response to the credit crisis, credit counselor Harold Stephenson says. ...more
October 16, 2008
NEW YORK - The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. ...more
October 9, 2008
In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. ...more
September 30, 2008
The biggest financial bailout in U.S. history failed in the U.S. House on Monday, with Republicans solidly rejecting the plan, and many Democrats joining them, even though President Bush said passage is essential to avoid bank failures and financial panic. ...more
September 30, 2008
John McCain is on course to lose the presidential election to Barack Obama. Can he turn it around, and surge to victory? ...more
September 30, 2008
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