The Dow Jones gained more than 197 points and the Nasdaq rose 54 points at close Friday. Stock numbers shot up after news that factory orders and business spending went up in August.
According to the National Bureau of Economic Research, the U.S. recession ended in June 2009 and was the longest downturn since World War II. But President Obama and others made sure to acknowledge Americans' ongoing economic struggles.
In other news Thursday, the Pope began a visit to Britain with his strongest admission about how the Catholic Church failed to deal decisively with sexual abuse by priests.
A voice from the past weighed in on the ongoing debate of the Bush Era Tax Cuts. Alan Greenspan, the former chairman of the Federal Reserve, said the country cannot afford to keep the tax cuts at a time of…
In other news, the Dow Jones industrial average and the NASDAQ both closed higher Monday. In Venezuela, a plane carrying 51 people crashed and killed at least 14.
In other news Friday, U.S. markets rose ahead of the holiday weekend on news of the latest unemployment reading.
The National Association of Realtors reported Tuesday that July's home sales fell a worse-than-expected 27.2 percent -- the largest recorded monthly drop dating back to 1968. Jim Lehrer speaks with Susan Wachter of the University of Pennsylvania about the dismal…
In other news Thursday, the Labor Department announced jobless claims rose to 500,000 last week. On Wall Street, there were disappointing numbers as well.
Major indexes on Wall Street gave back more than two percent of their value Wednesday over concerns about the strength of the U.S. economy. Gwen Ifill discusses the plunge and the Federal Reserve's acknowledgment that the recovery has slowed with…
In other news Tuesday, the Federal Reserve projected U.S. economic growth will be "more modest" than its June estimate.
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