Unemployment filings surge to 516,000, number of Americans continuing on benefits at 25-year high.
Dow rises 11% on big rally, but October is still shaping up to be one of the worst months in Wall Street history.
As stocks plunge around the world, talk of radical solutions to fix the economy swirl. But it may be too late to undo the damage done by the credit crisis.
The credit crisis and stock market roller coaster has some Americans worried about a depression. But economists fret about another D word - deflation.
Fed chairman says policymakers now have 'tools' to fix financial crisis but that economy will take time to rebound.
As finance ministers of 7 largest economies meet, hopes rise that coordinated action will solve crisis.
Before the meltdown, economists fell into two camps: those who thought the economy had already slipped into recession and those who thought a recession could still be avoided.
Fed joins 5 central banks - cuts 1/2 point and cites 'intensification' of crisis.
Investors in Fannie Mae and Freddie Mac face massive losses when trading opens Monday. By Colin Barr
The IndyMac failure will take a chunk out of the fund the FDIC has to insure deposits. But bank experts aren't worried about it running out of money.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.
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Jobless claims highest since Sept. 11 attacksUnemployment filings surge to 516,000, number of Americans continuing on benefits at 25-year high. |
Dow's 2nd best day everDow rises 11% on big rally, but October is still shaping up to be one of the worst months in Wall Street history. |
Radical fixes for the economyAs stocks plunge around the world, talk of radical solutions to fix the economy swirl. But it may be too late to undo the damage done by the credit crisis. |
The dark side of lower pricesThe credit crisis and stock market roller coaster has some Americans worried about a depression. But economists fret about another D word - deflation. |
Bernanke: No quick recoveryFed chairman says policymakers now have 'tools' to fix financial crisis but that economy will take time to rebound. |
All eyes turn to world leadersAs finance ministers of 7 largest economies meet, hopes rise that coordinated action will solve crisis. |
How bad could the economy get?Before the meltdown, economists fell into two camps: those who thought the economy had already slipped into recession and those who thought a recession could still be avoided. |
Fed: Emergency cutFed joins 5 central banks - cuts 1/2 point and cites 'intensification' of crisis. |
Fannie, Freddie: The biggest losersInvestors in Fannie Mae and Freddie Mac face massive losses when trading opens Monday. By Colin Barr |
Most banks are safe ... so is the FDICThe IndyMac failure will take a chunk out of the fund the FDIC has to insure deposits. But bank experts aren't worried about it running out of money. |