The new gold rush is on. The price of the precious metal is soaring, hitting a record $1,119 an ounce Wednesday - confounding market analysts who thought there was no way gold would remain so expensive when it first cracked the unheard-of $1,000 mark last year. ...more

November 12, 2009

It was the second-worst month on record for sales of new homes. But last month still brought a long-awaited shred of good news for the battered building industry. ...more

March 26, 2009

Charles Dickens, who visited in 1842, described Washington as a "city of magnificent intentions" because of the incongruity between the city's grand aspirations and muddy, swampy actuality. Today Washington's discrepancy is not architectural but political. It is between the extraordinary powers and competences the administration claims it has and the administration's inability to be clear or plausible about what it is doing. ...more

March 15, 2009

Consumer confidence hit an all-time low in December, dropping in the face of layoffs and deteriorating markets for housing, stocks and other investments. ...more

December 31, 2008

NEW YORK (AP) - Several analysts expressed skepticism Friday that the Federal Reserve's decision allowing GMAC Financial Services to become a bank holding company would spur many more people to buy cars. ...more

December 28, 2008

The U.S. financial services industry is witnessing the bursting of yet another bubble. This time, it's the industry itself. ...more

December 20, 2008

Gov. David Paterson said Friday that the loss of tax revenue from just six Goldman Sachs' executives will cost New York $178 million. ...more

December 19, 2008

The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout. ...more

October 6, 2008

St. Petersburg-based financial services giant Raymond James Financial said Thursday that it will become a broad-line commercial bank, a move that should position it to compete more aggressively for new customers and help it become more of a recognized financial brand. ...more

September 26, 2008

Goldman Sachs Group, seeking to improve not only its balance sheet but its standing with investors, has undertaken a huge capital-raising program that includes an investment of at least $5 billion from Warren Buffett and a common stock offering for another $5 billion. ...more

September 25, 2008