Feb 24 Consumer Confidence Plunges to Record Low By Admin, PBS News Hour A private research group announced Tuesday that consumer confidence sank to a record low in February. Meanwhile, Federal Reserve Chair Ben Bernanke told Congress the U.S. economy is suffering a "severe contraction."… Continue reading
Feb 02 Consumer Spending Drops in December While Savings Rates Increase By PBS News Hour Consumers cut spending for a sixth straight month in December and, heeding the impact of the recession-laden economy, boosted their savings rates to the highest level since May, according to the latest round of government reports. Continue reading
Oct 22 Foreclosure Rates for 3rd Quarter Up 70% From Last Year By Admin, PBS News Hour New data released Thursday show the number of homeowners caught in the foreclosure crisis grew by more than 70 percent in the third quarter compared with the same period last year. Continue reading
Apr 24 Ford Posts Surprise $100M Quarterly Profit By PBS News Hour Ford Motor Co. surprised Wall Street Thursday when it announced a $100 million profit for the first quarter, marking the automaker's first profitable quarter since the spring of last year. Continue reading