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New Jobless Claims Rise More Than Expected To 637,000

Posted: 05/14/2009 - New jobless claims rose more than expected last week due partly to an increase in layoffs by the automobile industry, while the number of people continuing to receive unemployment benefits set a record for the 15th straight week.

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Wholesale Prices Rise 0.3% In April

Posted: 05/14/2009 - Wholesale prices have risen more than expected in April as the biggest jump in food costs in more than a year offset a second monthly decline in the price of energy products.

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Lawmaker Questions AIG Plan To Sell Assets

Posted: 05/13/2009 - The government-installed head of AIG is telling Congress the insurance giant is selling many of its foreign assets to repay U.S. taxpayers, but a key lawmaker questions whether the plan makes sense.

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Stocks Fall On Weak Retail Sales, Foreclosure Jump

Updated: 05/13/2009 - After its dizzying climb, Wall Street is looking at the economy more skeptically. Stocks retreated more than 2% and bond prices rose after two reports showed that the economy is not bouncing back as quickly as investors hoped.

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Bankers Push Against Credit Card Reform

Posted: 05/12/2009 - Bankers are pushing back against a bill that would prohibit arbitrary credit card rate hikes and make it harder for people under 21 to get a card.

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GM Shares Fall To Lowest Since Depression

Posted: 05/12/2009 - Shares of General Motors have tumbled to the lowest since 1933 today. Investors feared dilution of their stock or bankruptcy as the company approaches the June 1 restructuring deadline.

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Median Home Prices Fell Nationwide In 1Q

Posted: 05/12/2009 - Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter. First-time buyers looking for bargains were dominating the market.

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Trade Deficit Widens In March To $27.6 Billion

Posted: 05/12/2009 - The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports. The politically sensitive deficit with China increased.

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Bernanke: Bank Exam Results Should Buoy Confidence

Posted: 05/12/2009 - Federal Reserve Chairman Ben Bernanke says results of the government's unprecedented "stress tests" of the nation's 19 largest banks should bolster Americans' battered confidence in the U.S. banking system.

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Bernanke Says Bank Exam Results Should Buy Confidence

Posted: 05/11/2009 - Federal Reserve Chairman Ben Bernanke says results of the government's unprecedented "stress tests" of the nation's 19 largest banks should bolster Americans' battered confidence in the U.S. banking system.

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Bank Stock Offerings Weigh On Financial Shares

Posted: 05/11/2009 - KeyCorp has joined several other banks Monday in announcing public stock offerings. It is among 10 major banks ordered by the government to raise more capital as a buffer against future losses.

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Stocks Push Higher After Jobs Data

Updated: 05/08/2009 - Stocks are ending sharply higher as investors cheer the news they had been hoping for: Job losses slowed in April and big banks don't need as much capital as some had feared.

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Layoffs Slow In April; Jobless Rate Rises

Updated: 05/08/2009 - The pace of layoffs slowed in April, with employers cutting 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent as many businesses remained wary of hiring given all the economic and financial uncertainties.

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Investors Lock In Gains After Week's Rally

Updated: 05/08/2009 - Investors are hearing some more good news about the economy but are locking in profits anyway following huge gains earlier in the week.

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Bank Stress Tests Due Later Today

Posted: 05/07/2009 - The official release isn't expected until after the markets close, but leaked results from bank stress tests suggest some of the nation's largest banks need to raise more money.

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Productivity Rebounds While Wage Pressures Ease

Posted: 05/07/2009 - The government says productivity rebounded in the first three months of this year while wage pressures eased, both outcomes reflecting the country's deep recession.

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Gold Moves Higher As Dollar Falls

Posted: 05/06/2009 - Gold prices and other commodities are higher, buoyed by a falling dollar and an increasingly upbeat outlook on the economy.

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