A January to Remember as a Dismal Start
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Wall Street sent Washington a message: the recession that Ben S. Bernanke said can be averted is already here.
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Housing starts nationwide sank to a 14-year low last month as concern grew about the effects the faltering industry could have on the U.S. economy.
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WASHINGTON -- The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
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The new forecast will reflect the drag from the housing slump and a slightly lower-than-expected unemployment rate.
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Economic events in January, it turns out, were enough to crack the composure of some usual glass-is-half-full types.
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Hopes for a bullish start to the year for stocks faded after a key measure of manufacturing activity unexpectedly fell in December to its lowest level since 2003.
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Retailers reported mostly gloomy December sales results, hurt by snowstorms as well as deep discounting aimed at getting cash-strapped consumers to open their wallets during retail's most important month.
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As expected, the hurricanes made for a bumpy month.
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A good year ends with a bad quarter.
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As we approach the halfway point in the calendar year, the results might shock you.
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The year brought many new things into our lives, but they also entailed some leave-taking. Here is a sampling of things soon to be, as they say, eclipsed by events.
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Sentiment makes bad economic data look worse.
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The economy lost momentum heading into the new year as shoppers tightened their belts and manufacturers were stung by weak demand for cars and housing-related goods.
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The mood of consumers brightened a bit in January, even amid the constant drumbeat of talk about a possible recession, weak jobs market and falling stock prices.
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The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
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Hopes dim as less-interested Democratic Congress arrives next month.
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If you&#39;ve got some time between now and your New Year&#39;s Eve celebrations, try to focus a little on the financial issues that need to be taken care of before the ball drops.