Your move, Ben Bernanke
01.11.09
Now that the economy has broken its four-quarter long slump, will Federal Reserve chairman Ben Bernanke be more open to the idea of raising interest rates sometime soon?
California will have enough cash to stop issuing IOUs on Sept. 4, almost one month earlier than expected, the state controller said Thursday. That's also the date when people and companies can redeem their IOUs with the state treasurer. The hard-hit city of Pontiac, Mich., is auctioning off the Silverdome, a stadium of more than 80,000 seats that once played host to the Super Bowl.
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.
Read full story for latest details. The largest stimulus program in the nation's history has created or saved just over 640,000 jobs, the Obama administration said Friday.
Consumer credit pulled back for the seventh straight month in August, led by a steep decline in credit card usage, a government report said Wednesday, as unemployment soared and cash-strapped consumers continued to limit spending.
He famously stirred controversy with his observations about women and science while running Harvard, but in his current post as director of the White House's National Economic Council, Larry Summers received a warm welcome from the female power brokers at Fortune's summit.
May 27 Jan. 27
The government's index of prices paid by consumers was unchanged in July from the previous month, but the closely watched inflation gauge recorded its largest over-the-year decline in 59 years.
Jan. 14
President Obama on Monday pushed his plans to make the nation's economy more stable in the future by investing in education for high-tech industries.
Read full story for latest details. As credit card companies continue raising rates and fees, lawmakers are considering bills to stop such hikes until new credit card laws take effect.
The banks have taken some lumps since the economy went bad. But some believe their biggest headaches are yet to come.
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.