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Stories related to: recession

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Stories 141 - 158 of 158

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  • October 2007

    • Dow Flat, Awaiting Jobs Stats

      newser  |  MarketWatch  |  Oct 4, 07 3:39 PM CDT

      Dow Flat, Awaiting Jobs Stats

      The stock market held steady today, as neither a drop in factory orders nor a rise in unemployment claims rattled investors bracing for tomorrow’s crucial jobs report—which could help spur the Fed’s next interest rate move. The Dow was up 6.26 points to 13,974.31, as financial, telecom and health care rose, while technology and energy fell, MarketWatch reports. The Nasdaq climbed 4.14 to 2,733.57 and the S&P gained 3.25 to 1,542.84. More »

      Tags

      S&P 500  • Nasdaq  • recession  • Dow Jones  • unemployment benefits  • factory

  • September 2007

    • Consumer Confidence Plummets

      newser  |  Reuters  |  Sep 25, 07 1:57 PM CDT

      Consumer Confidence Plummets

      American consumers might need to be talked off some ledges, judging from consumer confidence numbers out today, which indicate continuing worry over employment and stock market unrest. The crucial figure—99.8, compared to 105.6 in August—is the lowest since 2005, the Conference Board says. Economists had expected it to fall, but only to about 104, a Reuters poll showed. More »

      Tags

      recession  • consumer spending  • consumer confidence

    • Bush, Congress Score Lowest Approval Yet

      newser  |  Reuters  |  Sep 19, 07 7:12 PM CDT

      Bush, Congress Score Lowest Approval Yet

      President Bush and Congress scored record-low approval ratings in a Reuters/Zogby poll released today. Bush dipped 1% below his previous Zogby approval rating of 30%; the legislative branch scored 11% approval, down 3% in August. And a new "mood index" showed the country as more unhappy than in July, with 62% saying the US is on the wrong track. More »

      Tags

      George W. Bush  • Congress  • Bush administration  • recession  • United States  • Bush approval ratings

    • Asia Stocks Surge After Fed Cut

      newser  |  Bloomberg  |  Sep 19, 07 5:00 AM CDT

      Asia Stocks Surge After Fed Cut

      Asian stocks rebounded after the US Federal Reserve announced a half point cut in its key lending rate in a bid to bolster growth and avoid a consumer spending slowdown. Toyota, Samsung Electronics and Honda, among those companies with the most to lose from a loss of consumer confidence, led the gains, reports Bloomberg. More »

      Tags

      Federal Reserve  • recession  • stocks  • interest rate cut  • Asian markets  • markets  • Japanese economy

    • Job Losses Don't Add Up to Recession... Yet

      newser  |  Reuters  |  Sep 8, 07 5:00 PM CDT

      Job Losses Don't Add Up to Recession... Yet

      Eye-popping job numbers rippled through Wall Street yesterday, but analysts pooh-pooh recession fears as premature. “I think it is important we take a deep breath before screaming ‘A recession is now around the corner!’” one expert says. Four thousand lost jobs may be the worst depletion in 4 years, but leave out government hiring and jobs were actually increased last month. More »

      Tags

      US economy  • recession  • Wall Street  • unemployment  • job

    • Dollar Plummets to 15-year Low

      newser  |  Reuters  |  Sep 8, 07 1:18 PM CDT

      Dollar Plummets to 15-year Low

      Panic over the state of the US economy pushed the dollar to a 15-year low against major currencies yesterday. The drop came on larger-than-expected July payroll declines, data one analyst called “simply horrific.” Many fear that the credit crunch will drive down consumer spending, igniting a recession. Investors accordingly increased bets that the Fed will drop rates, Reuters reports. More »

      Tags

      US economy  • recession  • US dollar  • euro  • financial markets  • currency exchange  • Yen

    • Stocks Plummet on Jobs Report

      newser  |  Wall Street Journal  |  Sep 7, 07 4:02 PM CDT

      Stocks Plummet on Jobs Report

      The Dow lost more than 1.5% of its value, or 249.97 points, to close at 13133.38 after a devastating report showed that 4,000 jobs were lost in August, the first increase in unemployment in four years. Wall Street had anticipated job growth, and the numbers prompted concerns that the credit crunch is bleeding into the larger economy. More »

      Tags

      S&P 500  • Nasdaq  • recession  • credit crisis  • Dow Jones Industrial Average  • stocks  • unemployment  • job

    • US Lost Jobs for First Time in 4 Years

      newser  |  Bloomberg  |  Sep 7, 07 8:45 AM CDT

      US Lost Jobs for First Time in 4 Years

      In the first drop since 2003, the US lost 4,000 jobs in August, surprising experts and putting more pressure on the Fed to reduce rates at its upcoming meeting. Economists had predicted an increase of 100,000 or more jobs. The decline in employment is the clearest signal to date that the housing recession and credit crunch are hurting the broader economy, Bloomberg reports. More »

      Tags

      Federal Reserve  • recession  • United States  • unemployment  • credit market  • interest rate cut  • job  • manufacturing  • employment  • payrolls

    • Recession Risk Seen in Mortgage Misery

      newser  |  Reuters  |  Sep 2, 07 1:23 PM CDT

      Recession Risk Seen in Mortgage Misery

      Mortgage woes could spark a serious recession, a prominent economist said yesterday. National Bureau of Economic Research President Martin Feldstein said that interest rates must be slashed heavily and quickly, or declining prices and weakening home equity withdrawal could hobble the economy, Reuters reports. More »

      Tags

      US economy  • subprime mortgages  • Federal Reserve  • recession  • Ben Bernanke  • mortgage  • interest rate  • home equity  • Martin Feldstein

  • August 2007
  • July 2007
  • April 2007

    • Ethanol Could Fuel Recession

      newser  |  Wall Street Journal  |  Apr 9, 07 1:38 PM CDT

      Ethanol Could Fuel Recession

      Demand for grain for biofuels like ethanol is spurring global food shortages and sending prices soaring—and could trigger a recession, warns the Wall Street Journal. Food prices are already skyrocketing in economies as diverse as India, China, Germany, the U.K., and South Africa. American consumers are likely to see higher prices for everything from milk to cereal to chicken soon. More »

      Tags

      US economy  • environment  • recession  • food  • biofuel  • ethanol

  • March 2007

    • Bernanke Keeps Interest Rate Steady

      newser  |  Wall Street Journal  |  Mar 29, 07 8:15 AM CDT

      Bernanke Keeps Interest Rate Steady

      With inflation creeping up, Fed chairman Ben Bernanke will keep interest rates steady—at least for now, reports the Wall Street Journal. Soft business investment and weakening housing are becoming serious risks, but the long-term outlook is good, Bernanke told Congress yesterday. "The current stance of monetary policy is likely to foster sustainable economic growth and a gradual ebbing in core inflation." More »

      Tags

      subprime mortgages  • recession  • Ben Bernanke  • inflation  • interest rate  • housing  • economics  • Alan Greenspan  • investments

    • Greenspan Sees Recession

      newser  |  Yahoo!  |  Mar 6, 07 11:04 AM CST

      Back when bankers and investors hung on his every word, Alan Greenspan was caution itself in public pronouncements . But yesterday the former chairman  took the rare step of predicting the onset of an out-and-out recession. Speaking via satellite to a business conference in Hong Kong, Greenspan said the US. economy has been expanding since 2001, and that the current slow down is probably not a temporary lag but the end of a cycle.                 More »

      Tags

      US economy  • recession  • money  • investing  • Alan Greenspan  • budget deficit

    • Bernanke Buoys Dow

      newser  |  Reuters  |  Mar 6, 07 11:04 AM CST

      Bernanke Buoys Dow

      U.S. stock prices rebounded yesterday, buoyed by Fed Chairman Ben Bernanke's forecast of moderate growth. But averages from Singapore to London continued to slide and there was widespread debate over whether the plunge was the market correcting for inflated highs or if it was the first sign of a recession. More »

      Tags

      US economy  • stock market  • recession  • Ben Bernanke  • inflation  • stocks  • money

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