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Federal Reserve chairman Ben Bernanke on Thursday hinted that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some "headwinds for the consumer in the months ahead," he said. ...more
November 30, 2007
The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season. ...more
November 29, 2007
Target Corp., Limited Brands and Dillard's reported quarterly earnings that trailed analysts' estimates after rising mortgage payments and gasoline prices crimped consumer purchases. ...more
November 21, 2007
Construction of single-family homes in October skidded to the lowest level in 16 years although the slide was cushioned somewhat by a rebound in apartment building. ...more
November 21, 2007
Federal Reserve Chairman Ben Bernanke said Thursday that economic growth will slow noticeably in coming months while surging oil costs will raise inflation pressures. But he said the economy is nowhere close to the stagflation nightmare of the 1970s and he predicted an economic rebound by mid-2008. ...more
November 9, 2007
The holiday shopping season may be slower for Florida merchants than in previous years, but retailers are planning to use sales to lure buyers and are still expecting to see a small uptick over last year. ...more
November 9, 2007
TAMPA - The chill is in the air, if you consider high 50s cold; it was light on the morning commute this morning. It must be fall in Florida, about time for the price for a gallon of gasoline to spike. ...more
November 5, 2007
Florida's citrus industry was just about given up for dead in recent years. Sure, the annual crop brought in $1.4 billion to growers last year. But plagued by hurricanes, freezes, labor shortages, imports, deadly diseases and sky-high land prices that caused landowners to turn groves into subdivisions, the long-term outlook for Florida's most identifiable crop appeared bleak. ...more
November 3, 2007
Employers added twice as many new jobs to their ranks than expected in October, an encouraging sign that the nation's employment climate is not cracking under the stress of a deepening housing slump. ...more
November 2, 2007
As oil prices climb toward the once unthinkable $100 a barrel level, fears that the U.S. economy could tip into recession also are rising. ...more
November 2, 2007
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