Jobless claims rose unexpectedly last week, the government said Thursday, while companies responded to the slowing economy by producing more with fewer workers. ...more

September 5, 2008

Spring's Economic Rebound Unlikely To Last Gross domestic product, or GDP, grew at a 3.3 percent annual rate in the April-June quarter, its fastest pace in nearly a year, the Commerce Department reported Thursday. ...more

August 31, 2008

Americans see a slice of sunlight for the economy, as a widely watched report on Tuesday showed that people are not as pessimistic about the future as they were a month ago. ...more

July 30, 2008

Ban Lifting Gets Results According to an Opinion Research Corporation poll, 73 percent of people surveyed agree with John McCain, favoring more drilling for oil. On July 15, President Bush, who has long promoted offshore drilling, heard the people and lifted the executive branch ban on offshore drilling. ...more

July 25, 2008

Wall Street shot higher Thursday, extending its rally into a second session as tumbling energy prices bolstered an already upbeat mood that followed stronger-than-expected quarterly reports from big names such as JPMorgan Chase and United Technologies. The Dow Jones industrial average rose more than 200 points, bringing its two-day advance to more than 480. ...more

July 18, 2008

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