The nation's top automakers reported disappointing sales Wednesday, resulting in the worst August for industrywide auto sales in 27 years.
JPMorgan Is Shutting Down All Prop Trading Desks
JPM told traders who bet on commodities for the firm’s account that their unit will be closed as the company begins to shut down all its proprietary trading, according to a person briefed on the matter.
Housing's new nightmare
In another ominous sign for the economy, the number of people falling behind on their mortgages for the first time is on the rise.
Bernanke Says Fed Will Do `All It Can' to Ensure U.S. Recovery
Federal Reserve Chairman Ben S. Bernanke said the central bank has the tools to prevent the U.S. economy from slipping back into a recession, while stopping short of indicating an immediate need for more stimulus.
US Economy grinds to near halt
The U.S. economy sputtered to a near stop in the second quarter, according to new estimates from the government released Friday, although the slowdown wasn't as bad as many had feared.
New home sales drop 12.4% to record low
New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost.
Pressed to Act, Bank of Japan Sees Few Ways to Lift Demand
The economist Milton Friedman once famously proposed scattering money from a helicopter to get consumers to spend their way out of deflation — the debilitating decline in prices and wages that can act as a deadweight on economic activity.
'Just a bad trend' - 500,000 jobless claims
A government report Thursday brought bad news for workers and the economy: The number of unemployed Americans seeking a financial lifeline has reached its highest level in nine months.
What's missing for back-to-school? 135,000 teachers
More children are crowding into classrooms in Modesto, Calif. Parents are paying extra to send their kids to full-day kindergarten in Queen Creek, Ariz. And the school buses stopped rolling in one St. Louis area school district.
Long-term debt: The real problem
Starting next month, lawmakers will argue until they are hoarse over what to do about various spending bills and the Dec. 31 expiration of the Bush tax cuts.
| Name | Last | Change |
|---|---|---|
| Dow Industrial | 10,320.10 | 50.63 |
| S&P 500 | 1,090.10 | 9.81 |
| NASDAQ | 2,200.01 | 23.17 |
| TSX | 12,111.10 | 0.00 |
| Gold | 1,251.10 | 0.00 |
| Crude Oil | 75.81 | -0.43 |
| Natural Gas | 0.00 | 0.00 |
| US Dollar | 82.36 | -0.10 |
| Euro | 1.28 | 0.00 |
