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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: recession

recession stories: 854 news summaries

841 - 854 of 854 Stories | << Prev 1 ... 39 40 41 42 43

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

Analysts say 4-year-low might be caused by teachers on vacation

Sep 8, 07 5:00 PM CDT
(Newser) - 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... More »

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Wall Street • recession • unemployment • US economy • job

Dollar Plummets to 15-year Low

Job loss data fuels panic about US economy

Sep 8, 07 1:18 PM CDT
(Newser) - 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... More »

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

Stocks Plummet on Jobs Report

Sep 7, 07 4:02 PM CDT
(Newser) - 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... More »

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

US Lost Jobs
for First Time
in 4 Years

August payroll drop shows subprime crisis affecting economy

Sep 7, 07 8:45 AM CDT
(Newser) - 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... More »

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

Recession Risk
Seen in Mortgage Misery

Top economist urges immediate rate cuts
to avoid catstrophe

Sep 2, 07 1:23 PM CDT
(Newser) - 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 »

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

Bush to Unveil Bailout Plan in Mortgage Crisis

Reforms will help families keep
their homes

Aug 31, 07 5:42 AM CDT
(Newser) - President Bush will announce a rescue package for homeowners with subprime mortgages faced with foreclosure. The package will include a call for Congress to give the Federal Housing Administration more power to help borrowers keep their homes—and stricter enforcement of laws against predatory lending, Reuters reports. More »

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Bush administration • Federal Reserve • subprime mortgages • foreclosure • recession • Federal Housing Administration • credit crisis • homeowners • borrowers • George W. Bush

Stocks Climb Following Surprising Home Sales Numbers

Markets, optimism surge as turmoil eases

Aug 24, 07 4:27 PM CDT
(Newser) - The Dow closed at 13,378.87 today, up 142.99 on strong durable goods orders and a better-than-expected home sales forecast. The S&P 500 jumped 16.87 to 1,479.37, and the Nasdaq rose 34.99 to 2,576.69. Nucor Corp., the second-largest American steel manufacturer,... More »

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stock market • Dow Jones • Merrill Lynch • recession • Nasdaq • markets • Countrywide • Department of Commerce • Nucor Corp. • S&P 500

Paulson: Downturn
Won't Provoke Recession

Economy tough enough to take market turmoil

Aug 16, 07 10:51 AM CDT
(Newser) - The current turmoil in the financial markets will take its toll on the economy, but  won't cause a recession, Treasury Secretary Henry Paulson tells the Wall Street Journal in his first interview since the downturn began. Paulson says the crisis comes in the context of a very strong global economy—... More »

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Henry Paulson • finance • recession • global economy • US economy • markets • financial crisis

Fed Weighs Risky Biz of Rate Cut

Intervention could encourage more risk and trigger bigger crisis

Aug 13, 07 4:03 AM CDT
(Newser) - The Federal Reserve is facing a dilemma as it decides whether to ride to the rescue of  the market by slashing interest rates—and risk encouraging further recklessness and triggering an even worse crisis, reports the Wall Street Journal. The issue is what economists call moral hazard: protecting someone too... More »

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Federal Reserve • economics • Alan Greenspan • recession • Bill Bernanke • deflation • moral hazard • interest rate

Home Resales Slump in June as Mortgage Rates Spike

Inventories are down; prices jump

Jul 25, 07 1:57 PM CDT
(Newser) - Sales of existing homes dropped in June to a 5-year low because of rising mortgage rates and stricter lending standards. Home resales dipped 3.8% from a 5.98 million annual rate in May to a 5.75 million rate now. "The housing recession looks far from over,"... More »

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housing market • homes • mortgage • recession • houses • resales • economist • US economy • Freddie Mac • quarters • NAR

Ethanol Could Fuel Recession

Demand for grain triggers shortage

Apr 9, 07 1:38 PM CDT
(Newser) - 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... More »

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

Bernanke Keeps Interest Rate Steady

Sees housing crisis as risk, but doesn't see recession

Mar 29, 07 8:15 AM CDT
(Newser) - 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... More »

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

Greenspan Sees Recession

Former fed chairman forecasts end of cycle as early as this year

Mar 6, 07 11:04 AM CST
(Newser) - 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... More »

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

Bernanke Buoys Dow

Global markets continue to fall

Mar 6, 07 11:04 AM CST
(Newser) - 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... More »

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

841 - 854 of 854 Stories | << Prev 1 ... 39 40 41 42 43


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