After a two-day rally, U.S. stock prices plunged Wednesday as investors worldwide expressed concerns the global efforts to inject liquidity and restore confidence to the battered financial system may not be enough to stave off a widespread recession.
By PBS NewsHour
U.S. home prices extended their record slide in April, with every top metropolitan area now posting annual losses and many showing double-digit declines, according to the Standard & Poor's/Case-Shiller home price index report released Tuesday.
By Admin and PBS NewsHour
Consumer confidence and home prices plunged while wholesale inflation and home foreclosures jumped, a swath of new negative U.S. economic reports showed Tuesday.
U.S. consumers lost confidence in their financial prospects in July due to concerns about rising unemployment and a mild economic recovery, the Conference Board reported Tuesday.
The U.S. economy grew by a higher-than-expected 4 percent annual rate last quarter and consumer confidence ended its five-month slide, according to new numbers released on Tuesday.
The Commerce Department reported Tuesday that orders to U.S. factories for big-ticket items increased in July, while a Conference Board report said consumers' confidence in the economy dipped in August to its lowest level since November.
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