Stimulus creates 640,000 jobs
01.11.09
The largest stimulus program in the nation's history has created or saved just over 640,000 jobs, the Obama administration said Friday.
Technical glitch. Violence in Greece. Historic U.K. elections. A combination of these factors sent the Dow plummeting nearly 1,000 points Thursday before regaining two-thirds of the ground lost. The president wants to get tougher on the nation's financial institutions, but can he? Six top money minds weigh in on his plans to regulate risk, control executive pay and protect consumers.
Detroit continued to lead the nation's cities of 1 million people or more with the highest unemployment rate in September, according to government figures released Wednesday.
More college graduates are heading straight into new jobs this year, a study from a college employment group showed Thursday. The banks have taken some lumps since the economy went bad. But some believe their biggest headaches are yet to come.
Jobless Americans in high-unemployment states would see their benefits extended for another 13 weeks under legislation to be considered by Congress next Wednesday.
A top White House adviser said Friday that business opponents of President Obama's plan to create an agency to protect financial consumers are trying to "scare people."
May 25 Five states posted jobless rates above 12% in August, according to federal data released Friday.
Regulators were as culpable for the financial crisis as banks, mortgage originators, and the ratings agencies, Securities and Exchange Chairman Mary Schapiro said Tuesday.
Profits are down at Hillenbrand, America's largest maker of caskets. Admittedly, this fact sounds like the setup for a punch line, but the cause of the shortage in stiffs contains lessons for politicians and business leaders alike.
Jan. 14
Government bond prices reversed their new year's slide Thursday as investors weighed a flood of supply against a potentially sour unemployment report being released by the government on Friday. A new battle is brewing in Congress, riding the same populist wave that pitted banks against consumers on credit card fees earlier this year.
As Congress starts debating how to deal with financial firms deemed "too big too fail," some lawmakers and advocates are worried about giving the executive branch expansive new powers over the financial sector.
March jobs report shows growth
08.05.10
The U.S. economy gained more jobs in March than any other month in the last three years, according to a government report released Friday.
Shoppers slow down in April
08.05.10
Retail sales showed weakness in April, after March's data posted the biggest single monthly gain on record thanks to a shift in the Easter holiday.
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More college graduates have jobs waiting
08.05.10
More college graduates are heading straight into new jobs this year, a study from a college employment group showed Thursday.
Paulson, Geithner: Shed light on Wall Street
08.05.10
Henry Paulson and Timothy Geithner, two key players in the government's bailout of the financial system, said Thursday that steps should be taken to shed light on the darker corners of Wall Street in order to prevent another crisis from happening.
Another jobless summer
08.05.10
The job situation is starting to look better for grownups. But college and high school kids could be in for a long, disappointing summer.
Obama suspends new Virginia offshore drilling bid
08.05.10
The Obama administration took the first concrete steps Thursday to make good on its pledge to halt new offshore drilling projects, suspending the approval process for new wells off of the Virginia coast.
Fear index skyrockets to 13-month high
08.05.10
Wall Street's key volatility measure soared to a 13-month high Friday as stocks continued their slide, a day after computer glitches caused erroneous trades that prompted a huge sell-off in equities.