Rising fuel prices and news of massive job losses buffeted an already shaken U.S. economy in the past week. The record energy prices are affecting the cost of everything from baked goods to diapers. Journalists John Authers and Roben Farzad…
President Bush and Federal Reserve Chairman Ben Bernanke sought to bolster confidence Friday that U.S. economic growth will recover despite a recent string of bleak economic reports. Two financial reporters examine how the slowdown is impacting American consumers.
By Admin, 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.
Large financial institutions have shouldered much of the impact of the rattled stock market and housing numbers, but there are new concerns about the effects on the economy. Four business writers from around the country explain how the instability is…
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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