Rare good news on housing
Jul. 17 - New U.S. home construction projects surprisingly rose in June thanks to statistical...
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Economic woes for some NY aid groups
Jul 30 - As food prices rise, non-profit groups in New York City are having trouble feeding the...
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Wall St. cheers Fed signal
U.S. stocks surged nearly 3 percent across the board in the biggest one-day rally in four months...
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Freddie predicts more housing pain
The housing turmoil is only half over but mortgage related losses are just beginning, home...
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Citi to pay $7B to investors
Citigroup agreed to buy back more than $7 billion of illiquid auction-rate securities in a deal...
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Oil drops despite Russia conflict
Crude oil prices dropped on Monday even as the military conflict between Russia and its neighbor...
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Georgia impact on oil
Georgian President Mikheil Saakashvili said moral support is not enough after Russian troops...
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Dollar regaining a foothold?
The U.S. dollar is in the midst of a rebound as some global investors bet the American economy...
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Surging oil drags down stocks
Oil prices spiked nearly 3 dollars after weekly inventory data showed a drawdown in crude...
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Consumers hit with high prices
The Consumer Price Index rose at twice the rate economists predicted.
Meanwhile, Wal-Mart...
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U.S. dollar continues rebound
The U.S. dollar jumped to a nearly 6-month high, after reports of contraction in European...
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Oil and Gas price disconnect
Gas prices have keep pace with the rising cost of crude oil but not on the way down....
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Wall Street Turbulence
Weak economic reports and worries about Lehman Brothers sink stocks.
The Dow lost 130.84 to...
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Even the rich feel pain
Recent profit declines at high-end retailers Saks Fifth Avenue and Nordstrom highlight how even...
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Food fees hit international travel
United Airlines is the first U.S. air carrier to take away complimentary meal service to economy...
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Mortgage rates dip, still high
U.S. mortgage rates fell last week, but rates remain high as lenders price in higher premiums for...
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GM to invest $500mln in small car
General Motors provided a preview of its latest global compact car aimed at tackling customer...
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Bank failure stuns Wall St.
Worries about the U.S. banking sector resurfaced after federal regulators were forced to take...
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Fewer airline seats available
New reports show domestic and international airfares are up -- available seats are...
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Fed worried about further weakness
The Federal Reserve showed greater concern about further economic weakness rather than inflation...
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Oil stays strong on Gustav threat
Oil prices jumped as high as $119 on Wednesday with predictions Gustav will deliver a powerful blow...
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Global poverty ranks swell
The World Bank said 1.4 billion people lived under the poverty line as it lifted the benchmark to...
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US economy shows muscle
The U.S. economy advanced in the second quarter much faster than government record keepers...
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U.S. ready to tap emergency oil
Crude oil prices fell $2.56 after the U.S. government said it would use oil from a strategic...
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Gustav spares U.S. oil industry
Energy operations in the U.S. Gulf of Mexico and along its coast avoided the worst case scenario...
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Oil drops $5 as Gustav fades
Crude oil toppled to a five-month low as initial signs suggest Gustav did not cause major damage...
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Economic weakness widespread-Fed
U.S. business conditions were weak, soft, and subdued, according to the Federal Reserve's latest...
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Recession on the runway
New York Fashion Week opens with designers interpreting the troubled economy in different...
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Bush not planning new stimulus
The White House denied it is working on a second economic stimulus package on the heels of last...
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Lehman revives bank-fueled angst
The health of America's financial system was once again called into question as worries grow...
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More trouble seen at Lehman
A new strategy for ailing U.S. investment bank Lehman Bros. did little to pacify growing concerns...
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Wall Street reflects on Sept. 11
Traders at the New York Stock Exchange halted for a moment of silence on the 7-year anniversary...
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BofA quiet on Lehman buy speculation
Bank of America declined to comment on speculation it was in talks to buy investment bank Lehman...
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Paulson on the economy
Treasury Secretary Henry Paulson briefed reporters at the White House Monday after the past...
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End of an era for Merrill
After billions of dollars in credit-related losses Merrill Lynch marks the end of an era with a...
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Markets plunge on financial fears
Wall Street was turned on its head after the bankruptcy filing of Lehman Brothers spread fear far...
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Wall St. gyrates on AIG speculation
The Dow swung from a 174-point drop to a 100-point rally and back to modest declines as...
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Fed keeps rates at 2 percent
The Federal Reserve held rates steady, despite calls for a rate cut to shore-up confidence in the...
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Wall St. sinks 4 pct post AIG
The federal rescue of troubled insurance giant American International Group did little to soothe...
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Bank worries spread; stocks plunge
The government's bailout of American International Group was not enough to stop speculation on...
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Central banks turn on the taps
Global central banks, led by the U.S. Federal Reserve, flooded money markets with cash in a bid...
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Wall St. sizzles as gov't plan eyed
U.S. stocks surged 3 to 4 percent in the best one-day rally in six years amid signs of a...
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Oil surges in biggest 1-day jump
Oil prices surged to the biggest one-day gain in history. Prices rose more than 16 dollars, on...
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Skeptics question bailout plan
U.S. stocks fell nearly 4 percent on Monday on jitters about the historic $700 billion bank...
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Ross: short-selling excessive
Legendary turn-around specialist Wilbur Ross says short-selling has "gotten a bit...
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Fridson: uncharted waters
High-yield bond veteran Martin Fridson says the U.S. is in "uncharted waters" and the...
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Wall Street's new era
Experts say new players will flood Wall Street, but the game's the same, and US investment banks...
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Wall St. frets bailout delay
Investors were worried on Tuesday that congressional wrangling over the $700 billion rescue plan...
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Uncertainty abounds on Wall Street
Without any movement towards an approved government rescue plan investors steered clear of big...
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Stocks rally as bailout advances
Wall Street took its cue from Washington and as lawmakers suggested the $700 billion bank bailout...
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Wall St. reacts as market plunges
As stocks nosedived in their biggest selloff in 21 years, people on the street outside the New...
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Tech sector penalized
As the economic crisis takes its toll, the technology sector is also under intense pressure. ...
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U.S. job cuts hit 5-1/2 year high
American employers slashed payrolls for the ninth consecutive month amid turmoil in the financial...
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Dow touches 5-year low
Worries the government's $700 bank bailout will not be enough to prevent a recession in the U.S....
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Dow slumps below 10,000
U.S. blue chips closed below 10,000 for the first time since October 2004 as growing worries of a...
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Wachovia battle on hold...for now
Wachovia, Citigroup and Wells Fargo have agreed to a litigation standstill.
For consumers,...
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College Bound Students Hit by Credit Crunch
New York senator Charles Schumer says the credit crunch has
forced as many as 50 banks to stop...
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How the Fed's move affects Main St.
Main Street businesses could get a boost as the Federal Reserve steps in to buy commercial...
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Dow down 35% from record
This is one anniversary investors are soon to forget.
Just one year after Wall Street set the...
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Cash injection for US banks?
In an effort to jumpstart lending, the U.S. Treasury is considering giving money to U.S. banks in...
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Dow plunges 700, then recovers
The benchmark S&P fell below 900 for the first time in 5 years as U.S. stocks took another...
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S&P 500 limps from worst week ever
Investors ended the worst week in Wall Street history with extremely volatile trading as some...
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Trichet Exclusive
European Central Bank President Jean-Claude Trichet told Reuters that recent government measures...
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Retail data hikes
Retail sales figures for September came in much worse than expected exacerbating worries of a...
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Bleak retail sales data
Consumers pulled way back on spending last month, more than economists predicted. The data...
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Dow plunges below 8,600
A bleak September retail sales report ignited recession fears and sent stocks sharply lower...
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