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.
South Florida football coach Jim Leavitt, fired Friday for allegedly slapping a player at a November game, is the third coach to lose his job in six weeks over player mistreatment charges.
Job losses in September amounted to 263,000 – 83,000 more than expected – pushing the unemployment rate up.
Though problems remain for housing and jobs, the Fed's Open Market Committee sees further improvement in financial markets in recent weeks.
Second quarter GDP declined by 1 percent, compared with 6.4 percent in the first quarter. Will economic recovery be stronger than expected in the second half of the year?
A silver lining is the US economy shed fewer jobs in May than forecasters had predicted.
Sales of existing homes fell 3 percent from February to March, but activity with lower-priced units may be picking up.
Under the new ‘mark-to-market’ rule, banks can consider the value of assets as if they are being sold in an orderly fashion, not in a distress sale.
Several indicators offer hope that the recession might be finally nearing the bottom.