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Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week Friday - stocks tumbled, soared and then turned south again as investors tried to assess the dangers faced by the country's biggest mortgage financiers, Fannie Mae and Freddie Mac. ...more
July 12, 2008
Alcoa Inc., the world's third-largest aluminum producer, said second-quarter profit fell 24 percent as surging costs for energy and materials outpaced metal price increases. The shares rose after profit topped analyst estimates. ...more
July 9, 2008
The Federal Reserve decided on Wednesday to leave a key interest rate unchanged and cited a heightened risk of inflation, which could lead to rate increases down the road. Private analysts said the Fed might delay the first rate increase until December. ...more
June 26, 2008
FedEx Corp. reported a fourth-quarter loss Wednesday and offered a gloomy outlook as it wrestles with a slumping U.S. economy beset by soaring fuel costs and falling prices for homes. ...more
June 19, 2008
The biggest rise in the unemployment rate since 1986 is an "aberration" and investors who sold equities Friday are "completely misreading" the outlook for economic growth, according to JPMorgan Chase & Co. ...more
June 7, 2008
Investors have found plenty of reasons to be optimistic about Wal-Mart of late, as the company found the right mix of merchandise and marketing to complement its refocus on low prices at a time when Americans are seeking less expensive options. ...more
June 4, 2008
Dark clouds continue to hang over the economy: The manufacturing sector shrank for the fourth consecutive month, construction spending has been falling for more than two years, future orders are down and prices are skyrocketing. ...more
June 3, 2008
Gas prices are high, food's more expensive and the job market's cold, but the United States may still avoid a recession. ...more
May 20, 2008
Billionaire investor George Soros said the "acute phase" of the financial crisis is "largely behind us" even as the U.S. economy is only now starting to feel the effect. ...more
May 8, 2008
Every January, my husband and I update our finances, but this year's review nearly sent me over the edge. ...more
February 3, 2008
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