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JOEL NAROFF
Coronavirus unleashing new wave of U.S. layoffsIn a separate report on Thursday, the Commerce Department said gross domestic product contracted at a 5.0% annualized rate in the first qua...- US economy hobbles toward brighter 2011The Department of Commerce reported Thursday that consumer spending increased in November by $43.3 bn from the previous month, up 0.4 per c...
- US to keep industry buzzing with auto bailoutsThe rescue of US auto icons General Motors and Chrysler signals a new focus in Washington on preserving a manufacturing sector seen as crit...
- Job losses as GM, Chrysler close dealershipsMoves by ailing carmakers Chrysler and General Motors to slash their US dealerships will cost tens of thousands of jobs, taking a heavier t...
- US consumer spending falls along with incomeUS consumer spending dropped 0.2 per cent in March after two monthly increases, as American income levels fell, government data showed on T...
- US economy shrank 6.1% in first quarterThe US economy plunged again in the first quarter, capping its worst performance in five decades, reflecting a record slump in inventories ...
- Americans tightening belts at wrong time?A deepening US recession is forcing spendthrift-Americans to save but adopting the new habit at the current stage of a sharp economic downt...
- US jobs losses underline Obama's challengesThe first data released Wednesday after the victory of Barack Obama point to the huge economic challenges facing the US president-elect, wi...
- US government 'bazooka' may save Fannie, FreddieThe mortgage finance titans Fannie Mae and Freddie Mac which underpin trillions of dollars in mortgages are facing a crisis that could forc...
- US new home sales slip in June, but beat forecastsNew US home sales ticked down in June, government data showed Friday, but the better-than-expected figures sparked a glint of hope that the...
- US trade gap dips to $59.8 bnThe US trade deficit declined in May to 59.8 billion as exports rose to a new record, the Commerce Department reported on Friday in a modes...
- Summer subprime crisis roiled markets and squeezed creditA year after a summer subprime crisis roiled markets and squeezed credit worldwide.
- Another long hot subprime summer? Signs are mixedA year after a summer subprime crisis roiled markets and squeezed credit worldwide, analysts are looking for signs the worst is over for th...
- US economists eye history for solutions to crisisAs the US economy stumbles, experts are looking at past crises in an effort to better understand the current predicament and find a way to ...
- US retail sales drop 0.4% in DecFrugal American shoppers cut back on their spending at the nation’s retailers by 0.4% in December, the most in six months, in a gloomy repo...
- Wall Street hedges bets on presidential hopefulsFinancial advisors say many Wall Street money managers are still hedging their bets on this year's presidential race, partly because the fr...
- Divided Fed eyes further rate cut as insurance against slumpA sharply divided Federal Reserve is widely expected to cut interest rates further at a policy meeting on Tuesday to provide insurance agai...
- US subprime aid plan to ease housing slump, but at a priceThe mortgage relief package is likely to ease the pain of the US housing slump but with an uncertain cost for markets and the financial sys...
- US economy jumps 3.9% despite housing, credit woesThe US economy grew by a robust 3.9 per cent in the third quarter despite tight credit that is deepening a housing slump, as consumers rega...
- Holiday outlook bleak as Americans see more economic troublesAmid expectations of falling home prices, foreclosures, job cuts and concerns about toy safety, Americans are girding for their gloomiest h...
Load More- Job losses as GM, Chrysler close dealerships
