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The Gross Domestic Product report is often described as the nation's economic report card. These days, it's looking more like the medical chart of a patient in intensive care.
President Barack Obama has pledged to put America back to work. If only it were that easy.
This is the point in the recession where one round of job cuts leads to another.
Here's the vacation no one wants, courtesy of the recession: Forced time off without pay.
A growing number of companies are sending workers a grim holiday message: Head for the unemployment line.
Layoff announcements are piling up and unemployment numbers are soaring. So, besides repo men, who's hiring?
If you're employed, you're one of your company's assets. The measure of how well your employer uses you is your productivity — the goods and services you produce for each hour you work.
Economists have plenty on their wish lists for the next economic stimulus package, which President-elect Barack Obama has called a top priority once he takes office.
In all the finger-pointing about the credit crisis, there's one unusual suspect: an accounting standard.
President-elect Barack Obama and his likely choice for Treasury secretary, Timothy Geithner, should have a lot to talk about. Like Obama, Geithner spent time abroad as a child and he hates to miss a pickup basketball game.
The Consumer Price Index, the nation's best-known inflation gauge, plunged in October thanks to a record drop in gasoline prices.
Wall Street has long operated by one simple pay rule: To the victor go the spoils. If a firm does well, its people do well, getting splashy annual bonuses sometime in December or January.
When it comes to everything from oil to olives, the U.S. buys more from other countries than it sells to them.
How much can the president — one man — shape the U.S. economy, a $14.4 trillion tangle?
A recession isn't officially a recession until the National Bureau of Economic Research says it is.
Gross Domestic Product, the broadest measure of the economy, is essentially the nation's economic report card. When it shrinks, as it did Thursday, worries about a recession spike.
The Federal Reserve System, the nation's central bank, was created in 1913 with two specific charges: promoting maximum sustainable employment and keeping inflation low.
When you sit at your kitchen table and write your monthly mortgage check, your signature may be the first stop on a journey that takes your money to the other side of the world.
One festering problem that led to the financial meltdown hasn't been addressed yet: credit default swaps.
State tax revenue rose slightly in the second quarter, but revenue from sales tax, fuel tax and property tax all dropped compared to a year ago, according to a report released Tuesday. The report warned that states and cities would be forced to cut spending as tax revenues dropped further.
One of the most tumultuous weeks in the 216-year history of Wall Street closed with a dramatic two-day rally as investors celebrated an unprecedented government plan to cleanse banks of the bad mortgages that touched off a crisis in world finance.
The economy's health dropped for the second consecutive month in August as building permits dropped and unemployment claims rose, a private business group said Thursday.
Conventional wisdom had long held that some industries would collapse if oil topped $100 a barrel. As oil neared $150, sending costs higher for everything from jet fuel to plastic jars, the question was how many companies would succumb.
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