Economic growth was weaker in the third quarter than originally reported, according to government data released Tuesday.
Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a new national poll.
Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a new national poll.
The economy is growing again. So when are the jobs that go with growth going to get here?
The U.S. economy grew at a 3.5% annual rate in the third quarter, ending a string of declines over four quarters that resulted in the most severe slide since the Great Depression. But some economists raised doubts about how long such strong growth can last.
Profits are down at Hillenbrand, America's largest maker of caskets. Admittedly, this fact sounds like the setup for a punch line, but the cause of the shortage in stiffs contains lessons for politicians and business leaders alike.
Australia's raising interest rates! The global recession is over! The only question now is how strong and fast the economic rebound will be. Hip hip hooray!
Americans appear to actually thrive on adversity, according to a study published this week that reached the conclusion after researching the nation's biggest economic downturn.
Are you finally ready for some good news about the recession? As it turns out, a shaky economy might actually be good for your health.
While the recession has affected the entire nation, members of minority groups have suffered more pain than their white counterparts, according to a report released Wednesday by a liberal think tank.
Economic growth was weaker in the third quarter than originally reported, according to government data released Tuesday.
Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a new national poll.
Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a new national poll.
The economy is growing again. So when are the jobs that go with growth going to get here?
The U.S. economy grew at a 3.5% annual rate in the third quarter, ending a string of declines over four quarters that resulted in the most severe slide since the Great Depression. But some economists raised doubts about how long such strong growth can last.
Profits are down at Hillenbrand, America's largest maker of caskets. Admittedly, this fact sounds like the setup for a punch line, but the cause of the shortage in stiffs contains lessons for politicians and business leaders alike.
Australia's raising interest rates! The global recession is over! The only question now is how strong and fast the economic rebound will be. Hip hip hooray!
Americans appear to actually thrive on adversity, according to a study published this week that reached the conclusion after researching the nation's biggest economic downturn.
Are you finally ready for some good news about the recession? As it turns out, a shaky economy might actually be good for your health.
While the recession has affected the entire nation, members of minority groups have suffered more pain than their white counterparts, according to a report released Wednesday by a liberal think tank.
Americans are not nearly as optimistic about the economy as the chairman of the Federal Reserve seems to be, a national poll released Thursday shows.
For an academic from Dillon, S.C., Ben Bernanke is an unlikely gunslinger.
The mood regarding the U.S. economy may be inching, ever so slowly, toward optimism. But don't expect to see much improvement on the jobs front anytime soon. The economy's following a script for a jobless recovery, and unemployment is likely to stay high, if not get slightly worse.
The Federal Reserve said Wednesday it appears that the U.S. economy has halted the longest period of decline since the Great Depression, although it cautioned that economic activity is likely to remain weak in the near term.
There is a growing belief that the worst economic downturn since the Great Depression is over.
When economist Dennis Gartman told subscribers of his newsletter in the fall of 2007 that the U.S. was entering a recession, the Dow was at 13,500, and the official government call wouldn't come for another full year.
Brad Baugh lives in Savannah, Georgia, where he buys and renovates houses. He told me two things the other day that exposed a great opportunity in this treacherous recession -- and that may even shine a light on our way out of it.
The pace of economic decline slowed substantially in the second quarter, as the U.S. economy shrank at an annual rate of 1% -- far less than it did in the first quarter, according to a government report released Friday.
The pace of economic decline slowed substantially in the second quarter, as the U.S. economy shrank at an annual rate of 1 percent, far less than it did in the first quarter, according to a government report released Friday.
Federal Reserve Chairman Ben Bernanke said Sunday that lessons learned from the recession and the financial crisis will help make the economy stronger than it was before the crisis.
Pay raises are expected to rebound next year after being severely stunted by the recession, a new survey showed Wednesday.
Amid ominous economic forecasts and repeated bleak reports about America's financial future, messages of hope can be hard to come by.
Shweta Gupta knows exactly what kind of groom she wants: he should be educated, well settled and live in a good location --- one that must be in India.
The recession began in December 2007. Did it end sometime this spring?
States are poised to pass as much as $24 billion in tax and fee hikes in coming weeks, as they struggle to balance their budgets amid the worst economic downturn since the Great Depression, a report released Thursday found.
Question: I believe that along with a recession comes a great opportunity to invest and make significant long-term gains. I'm under 30, I contribute to my 401(k) plan and I'm willing to take risks. What are my best options in today's market? --Lyle, Fort Lauderdale, Florida
The nation has a 'flation problem. But it is deflation or inflation? Or maybe it's disinflation, stagflation or hyperinflation?
Stocks were finally taking a bit of a breather Thursday.
The U.S. economy shrank at an annual pace of 6.1% in the first quarter -- almost as much as it did in the fourth quarter of 2008, according to a government report Wednesday.
Big tech firms from IBM to Microsoft reported less-than-stellar financial results this week -- but there were pockets of optimism and most companies expect the end of 2009 to look much brighter.
Unemployment at a 25-year high. Housing prices continuing to fall. Corporate titans such as General Motors on the brink of bankruptcy. There's no lack of bad economic news.
Is this the worst economy since the Great Depression? And what are the chances of the economy falling into another depression?
Is the current downturn merely a severe slump, or are we facing a second coming of the Great Depression? That's the question everyone is asking these days. But Ray Dalio, founder of Bridgewater Associates and manager of what is now the world's biggest hedge fund, has been preparing to answer it for eight years.
The number of Americans who think another Great Depression will occur within the next year is on the rise, a poll released Tuesday shows.
This week is all about the "Road to Rescue" on CNNMoney.com and throughout CNN.
It is axiomatic that to solve a problem, one must first understand it. To that end, I have devoted my spare time in recent months to studying our financial crisis - unearthing its root causes, delving into its manifold consequences and pondering its far-reaching implications.
President Obama currently has the polls on his side. In numerous surveys, Americans have said they are pleased with Obama's performance thus far and confident the president can fix the economy, acknowledging this will take some time.
Movie ticket sales are way up in this down economy.
The stock market crashed. Wall Street panicked. People stashed silver and gold under mattresses while businesses shut doors across America.
All through the summer I thought maybe I was dodging a bullet.
Ever since Joseph decoded Pharaoh's dream about fat cows and thin ones and delivered his policy response - save in the fat years to survive in the lean times - consumers have followed that model.
A debate is brewing at home and abroad over an economic stimulus measure that would require materials used in the program's infrastructure projects to be purchased from American companies.
Stocks managed gains Monday, ending a volatile session higher, as investors looked beyond massive job cuts at Caterpillar and Home Depot among others and opted to scoop up stocks hit in last week's selloff.
The British economy is officially in a recession, according to GDP numbers released Friday.
For businesses, competing in a downturn is a lot like being in the wild, wild West at the end of a gold rush. Once the lode dries up, you have to be resourceful to survive and thrive.
Exciting as it is to be living through historic economic drama, you can't just stand by and watch. You have to act - yet you have no script.
Unemployment rates rose in 37 states and the District of Columbia in November as the recession hammered nearly every job sector, according to a government report released Friday.
The plunging price of jet fuel has airline passengers wondering why fares haven't plunged accordingly.
A selloff on Wall Street accelerated in the last hour of a volatile session as traders square up positions for a handful of options that expire Friday, known as "quadruple witching."
Stocks retreated Tuesday, led by financial, retail and transportation shares as investors bailed out of a variety of stocks after the recent retreat.
In November, the U.S. economy shed jobs at the fastest rate in 34 years - and experts say December could be even worse.
In the midst of a recession, huge job losses are expected to continue for at least several more months. But what really worries economists is that the job market could be slow to recover even when the economy begins to improve.
More than four out of 10 Americans say the economy is in a serious recession, a belief that has grown stronger within the past few weeks, according to a poll released Thursday.
Well, now it's official: we're in a recession. And we know when it began: December 2007, according to the official arbiter of business cycles, the National Bureau of Economic Research (NBER), which made the announcement Monday. So now the question is: when will it end, and how deep will it get?
The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .
The U.S. auto industry weathered the Great Depression. But there are some fears that its current crisis could cause another one.
Change -- probably the single word used more than any other by President-elect Barack Obama to enunciate his vision of a post-Bush America.
Stocks slipped in a volatile session Monday, as investors eyed Citigroup's massive job losses and a weak manufacturing report, while awaiting the fate of a potential bailout for the automakers.
The dollar ticked lower against major European currencies Monday after the weekend's G-20 economic summit in Washington failed to impress currency investors.
Oil fell on Monday and ended at a 21-month low as fears over the global economic slowdown accelerated on news that Japan officially fell into a recession.
Japan -- the world's second-largest economy -- is in a recession, government officials announced Monday.
Turnout for the international tourism industry's most important event is at a record high this year as the sector struggles to cope with the financial crisis sweeping the world.
Is the international investing game over?
Stocks slumped Monday, as ongoing recession fears overshadowed any relief about China's $586 billion stimulus plan and the government's revamping of its deal with AIG.
Nearly 1.2 million jobs have been lost this year. The unemployment rate is at its highest level since 1994. Retail sales were dismal last month and for automakers, October was the worst month in more than a quarter-century.
Homebuyers pulled back some more in September amid turmoil in the financial markets.
Recessions bring layoffs. This we know. Economists predict that the current unemployment rate of 6.5%, already the highest since 1994, will max out at 7% or 8% by the end of 2009. The nation hasn't seen levels like those in nearly two decades.
Memories of salvaging and stealing to avoid going hungry are part of the legacy of the Great Depression. Some iReporters say they can't help but look at the current economy and feel the past holds lessons for the present.
In the face of what's arguably the darkest economic outlook since the Great Depression, voters say the economy was overwhelmingly the most important issue in this historic election, and was clearly an advantage to President-elect Barack Obama.
Well, we were partly right. At this time last year, we said that the stock market would be increasingly volatile in 2008, that home prices would fall further and that a subprime blowup could propel the economy downward.
Oil prices fell Thursday as the global economic slowdown accelerated fears that demand for energy will continue to slide.
The nation's economy slammed into reverse in the third quarter and suffered its biggest decline in seven years, according to a government report Thursday.
The Fed's latest rate cut may do little to help the economy. Just ask the Bank of Japan
The wealth of India's capital is built on a still booming traditional economy, not the diving stock market. And much of it based on cash not credit
When the economy goes south, people want their MTV. How the financial crisis pays off for video games, DVDs and cable
Stocks plunged again Friday. Ugh! It's getting more difficult by the day to maintain that the worst may be over.
In the past, sports were largely recession-proof. But today, they're inextricably tied to the fate of deep-pocketed corporations
The recent trend of loosening credit stalled Thursday as lenders took a breather, a day after dismal corporate results renewed fears of a global recession.
The financial crisis has grabbed the attention of voters less than two weeks before the presidential election, but the real trouble - a deep recession - will linger long after the race for the White House ends. Here are some considerations to keep in mind.
British Prime Minister Gordon Brown acknowledged for the first time Wednesday that the world economic downturn is likely to cause a recession in the United Kingdom
Federal Reserve Chairman Ben Bernanke testified Monday that Congress should consider passing a new stimulus package to try to jump start the economy.
Wall Street rallied Thursday, finding momentum toward the end of a volatile session, as the lowest oil prices in more than a year gave investors a reason to scoop up shares battered in the recent market selloff.
Recession talk scared Wall Street Wednesday, sending the Dow Jones industrial average to its second biggest one-day point loss ever.
Oil prices sank Wednesday as investors saw further signs of economic weakness and worried that a U.S. recession could kill demand for fuel.
San Francisco Federal Reserve Bank President Janet Yellen has acknowledged what most economists have said, but few Fed officials would speak before now, using the word "recession" in commenting on the U.S. economy.
The governments of the United States and other economic heavyweights must take decisive action to avoid worldwide economic disaster, two economic experts said Friday.
Expect nothing but volatility for oil prices over the next year or two - with the fate of the global economy largely dictating whether crude will fall to $50 or shoot up to $150 a barrel.
Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.
Though a financial rescue plan was passed Friday, credit still remained tighter than ever.
Even if the Bush administration's $700 billion bailout works, the United States still faces the longest and most severe economic stretch since the Great Depression, according to one economist.
Americans unsettled by a dour economic outlook might take some consolation from a most unexpected source: the rejuvenation of the beaten-down dollar.
The commodities bubble appears to have popped, but keep the champagne on ice.
Wall Street has been holding its breath since mid-July due to fears about the fate of Fannie Mae and Freddie Mac. Today, investors finally exhaled and started buying.
Stocks ended mixed Friday after a tough session and week, as a rally in the hard-hit financial sector countered amplified recession fears that were sparked by a weak labor market report.
August was another bad month for the job market. But many economists also are predicting job losses to continue deep into 2009 as well.
Stocks plummeted Thursday, with the Dow plunging around 345 points as mixed retail sales, lower oil prices and dour labor market readings amplified worries about a global economic slowdown.
Are we in a recession or not? And if we are, when did it begin? I don't know about you, but I'm tired of the recession debate. Does it really matter if this current economic period ever (or never) gets labeled a recession?
Despite all the talk about the U.S. economy falling on hard times this year, the economy grew at a more solid pace during the second quarter.
The statistics are grim: Inflation is at a 17-year high. Unemployment is rising. Foreclosures are spreading.
Stocks surged Friday, at the end of a tough week, as investors welcomed lower oil prices, a stronger dollar, a rebound in bank shares and comments from Fed Chairman Ben Bernanke that cooled some inflationary worries.
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