Recession Fears Sting Street
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Stocks tanked to start 2008, as economic concerns ruled out gains.
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The start of 2008 has brought a harsh reality to Wall Street: The U.S. may indeed be headed toward recession.
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Interest rate fears add to jitters in financial markets.
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Business & money: Credit crunch and housing woes blamed for gloom as businesses begin lobbying for interest rate cut
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ANYONE who thought the battle for Marks &amp; Spencer had plumbed the depths of City depravity with its stories of fisticuffs in Baker Street and allegations of interference with mobile phone records may have to draw breath as the banking battle gets serious.
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Mortgage and shopping blues combine to push stocks lower.
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PM battles to avoid nationalisation but City is sceptical that private saviour will rescue bank
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OUSE prices have fallen for the second month running. Rising interest rates and warnings that the market is overheated have apparently left buyers running scared.
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Employers cut jobs for the first time in four years last month, the government reported yesterday, driving stock prices down in the United States and Europe and raising fears the slowdown in the housing and credit markets brought on by the crisis in subprime mortgages is spreading across the economy.
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When the number of Americans out of work starts to rise sharply, a recession occurs. By that token, the latest figure for unemployed workers is, at the least, a danger sign.
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The region is now feeling an autumn chill of slackening economies and warnings of further market upheaval.
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CONCERNS for the housing market grew today as influential reports from three lending bodies revealed a slump in demand for mortgage borrowing.
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Many investors, though still uneasy about the economy, decided to buy back into a market battered a day earlier by recession worries.
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A survey says first-time buyers cannot afford to get on the property ladder in most of the UK's towns. Are you affected?
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Slowing real estate sales coupled with the subprime mortgage mess are two of the reasons some people say a recession is nigh.
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US emergency cut in response to weakening economic outlook and recession fears
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Business & money: Heavy losses on stock market as investors worry that combination of rising interest rates and falling house prices will have damaging impact.