Retail Sales
09.01.09
Jan. 14
A new battle is brewing in Congress, riding the same populist wave that pitted banks against consumers on credit card fees earlier this year. Feb. 2
The Treasury Department said Thursday it will give regulators two extra weeks to approve thrift and bank holding company applications and so effectively extend the time for some firms to seek rescue funds.
Sales of newly built homes fell unexpectedly in September after rising for five straight months, according to government figures released Wednesday. A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the automotive Web site Edmunds.com.
Hey there risk. Welcome back. What's shaking?
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.
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. The Obama administration said Friday that stimulus has created or saved 640,000 jobs so far.
Congress will soon debate what kind of economic stimulus package should be passed, but some economists are increasingly wondering whether it's a good idea to approve any stimulus at all.
--This is the first installment in a series of health care columns by Fortune editor at large Shawn Tully.
President-elect Barack Obama's economic team is considering an overhaul of the $700 billion Wall Street bailout for the financial services industry, three transition aides told CNN.
It's a bit puzzling: Over the past 20 years, as women have made tremendous gains in the business world, the percentage of B-school students who are female has remained at about 30%, or roughly the same now as in the late '80s. (By contrast, female enrollment in law and medical schools has risen over the same time period to about 50%.) You don't need a Ph.D in economics to know that the government fiscal year that ended last week was ugly for the budget.
Oil prices extended their declines Thursday as further signs of economic weakness signaled a slowdown in demand.
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.