The U.S. economy shrank at its fastest rate in more than a quarter century between October and December, according to federal government data released Friday.
Question/Comment: Ok, so being a good dog, I need to keep spending to help the economy. What are some of the best things to spend my hard earned, devalued money on? Paul Solman: That’s a very interesting question and not…
The Commerce Department reported Wednesday that consumer spending fell for a fifth straight month in November, and Americans' incomes dropped as well, partially reflecting massive job layoffs.
By PBS NewsHour
Despite an uptick in consumer confidence in December due to declining prices, most of Tuesday's economic news was gloomy, led by a shrinking economy and falling corporate profits and home sales.
Amid the shopping frenzy of "Black Friday" -- the traditional after-Thanksgiving kick off to the holiday shopping season -- retailers are looking to holiday sales to boost their sagging balance books. Jeffrey Brown talks to analysts about how the retail…
By Business Desk
Question/Comment: Have we ever been this close to socialism before? Referring, of course, to all of the bail outs and attempted influence on the “free” market. Paul Solman: It’s an intriguing question, Dave. Yes, I think the New Deal was…
With a population of more than 1 billion, India has one of the world's greatest demands for automobiles. Fred de Sam Lazaro reports on the growing accessibility to low-cost cars that also leads to more congested roads and carbon emissions.
New data show that consumer spending fell 3.1 percent in the third quarter, its sharpest drop in 28 years. New York Times columnist David Leonhardt examines the latest numbers.
By Admin, PBS NewsHour
The Commerce Department reported Thursday the economy shrank at an annual rate of 0.3 percent in the July to September period, indicating that a recession may have already begun.
By PBS NewsHour
U.S. stocks slid Friday, with the Dow Jones Industrial Average closing down more than 300 points, as worries of a global recession pushed investors to shed stocks and rattled markets worldwide.
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