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In Astoria, Queens, the far-away financial crisis in Greece is a local story
On the streets of Astoria, Queens, where signs are in Greek and English, there are no whiffs of tear-gas, but passions run high. Despite words of blunt criticism, many wonder how they can help.
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Two years after end of Great Recession, how are we doing?
The Great Recession officially ended in June 2009. That's apparent on Wall Street, less so on Main Street. But the economic recovery is gradually being felt in places like Poughkeepsie, N.Y.
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Gas prices nearing the point where Americans cut back
Gas prices hit a national average of $3.83 a gallon on Monday, according to AAA. Six states now have prices above $4 a gallon.
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Why Wall Street isn’t worried about a government shutdown
Wall Street insiders aren't worried the government might hang an 'out to lunch' sign. The market improved during the 1995 government shutdowns. Of greater concern: raising the debt ceiling.
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Can AT&T buy T-Mobile? Five key factors.
The proposed merger of AT&T and T-Mobile presents the Obama administration with a major anti-trust dilemma. Federal regulators will consider several factors to determine whether to allow the two telecom competitors to merge:
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Japan nuclear crisis rocks Dow; uncertainty clouds stocks' future
After plunging at the opening Tuesday, the Dow Industrial Average regains some ground. But uncertainty over the Japan nuclear crisis could weigh on the economy, and markets, for some time.
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Why Egypt protests unnerved the stock market today
The stock market today fell by 166 points, with investors worried about shipping through the Suez Canal and the possibility that protests will spread through the Middle East.
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What businesses liked in the State of the Union – and what they didn't
President Obama had chilly relations with US businesses until late 2010. The tone has changed, but they’re waiting to see what happens with some of the proposals in the State of the Union address.
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Stock market: why it closed at highest level since August 2008
Stock market gains have been common in January, when that month follows midterm elections. Some investors may be starting to move money out of bonds and into the stock market.
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Top 10 investment trends to watch in 2011
The bull market is entering its third year, historically a time when investors grow wary. They’ll have good reason for caution in 2011, given the potential for higher interest rates, federal budget struggles, a surge in commodity prices, and the challenges corporations may find in churning out higher and higher profits. These stresses won’t necessarily end the party on Wall Street, just change it. Here are 10 investment trends to watch for in 2011:
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Consumers, businesses boost US economy; 5 things we learn from GDP report
The US economy grew 2 percent in the third quarter, the Commerce Department reports. But imports limited the benefit to the GDP from increased consumer and business spending.
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Four things to learn from new GDP data
From Friday's GDP report: Imports are surging. Jobs growth is slowing. Regulators may need to lighten their grip. Until November's midterm elections, politics will color economic reports.
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What caused the stock market's wild swing?
Here are questions and (some) answers regarding what's known about the stock market's 20-minute, 600-plus-point roller-coaster ride on Thursday. The Dow closed down again on Friday.
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Dow closes below 10000 for first time in three months
Concerns about the ability of Greece, Spain, and Portugal to pay their debts caused the Dow Jones Industrial average to drop more than 100 points, closing below 10000 for the first time since early November.
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What Wall Street wants from Obama in State of the Union address
President Obama has responded to recent setbacks by striking a more populist tone, and his primary target has been Wall Street. Bankers are hoping he takes a more inclusive line in his State of the Union address Wednesday.
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Bailout aftermath: Obama proposes fee on big banks
To recoup taxpayer money used in the bailout of financial firms, Obama on Thursday outlined a fee that big banks would have to pay for 10 years or more.
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Stock market 2010: Analysts predict a fast start, then bumps
The stock market will close 2009 with some momentum. But will it be able to carry that growth through 2010?
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Nation-building at home: Civics 101
How to run a country - a.k.a. nation-building - is the bottom line of the US high school civics revival.
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Would a CIT failure derail the economy?
Plans for a government bailout of small-business lender collapsed Wednesday.
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Wall Street warms to ‘toxic assets’ plan
Geithner's plan aims to use public and private money to clean up $500 billion to $1 trillion in bad loans.
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Recovery outlook: growth next year
Modest developments on several fronts have some experts foreseeing expansion in 2010.
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Why banks still teeter, after $232 billion in aid
Losses on mortgage debt, followed by recession woes such as corporate bankruptcies and rising defaults on credit cards, delivered a one-two punch.
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Is US now stuck with irrational pessimism?
In some ways, today's swoon looks like the flip side of 1996's 'exuberance.'
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Consumers close their wallets
Retail sales plunge a record 2.8 percent in October, suggesting a dismal outlook for holiday spending.
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Wall Street's tremors to reach Main Street
The biggest impact of Lehman's bankruptcy and other recent turmoil could be tighter credit.
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