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Wall Street Slump Hits College FundsWhen it comes to Wall Street's 40 percent fall this year, the worries of some aging baby boomers extend beyond their 401(k) and IRA accounts. Americans had $101.7 billion invested in 529 college savings plans as of Sept. 30, down from $110.6 billion at the end of June, according to the College Savings Foundation. |
U.S. Private Sector Sheds 250,000 Jobs in NovemberU.S. private employers cut 250,000 jobs in November, the most in seven years, a report by a private employment service said on Wednesday. |
U.S. Layoffs in November at 7-year HighLayoff plans at U.S. firms surged to their highest monthly level in nearly seven years during November, led by the financial and auto sectors, outplacement firm Challenger Gray & Christmas said in a report released on Wednesday. |
Wall Street Rebounds TuesdayU.S. stock indexes rebounded Tuesday as investors were buoyed by hints the Federal Reserve would consider cutting interest rates. |
Ex-AOL Boss Looking to Raise Cash for Yahoo BidFormer AOL chief executive Jonathan Miller is trying to raise money to buy part or all of Yahoo, The Wall Street Journal reported on Tuesday. Yahoo shares rose more than 9 percent after the report, which cited people familiar with the matter. |
The Downturn Hits Green EnergyIt was only a matter of time. As the impact of the global financial crisis spreads into all corners of the economy, Europe's world-beating green energy sector is starting to feel the pinch. |
How Big a Jolt Will It Take to Revive the U.S. Economy?Now that the U.S. government has spent nearly $1.4 trillion to stabilize the financial system, economists and policy makers - and the president-elect - are trying to figure out how much must be invested in a stimulus package to stop the U.S. recession, and what that money should be spent on. |
U.S. in Year-Long Recession, Top Economic Arbiter SaysThe United States has been in a recession since December 2007, the country's official arbiter of economic growth said Monday, confirming the long-held views of many economists as the country grapples with a debilitating financial crisis. |
With U.S. Officially in Recession, Dow Jones Down 7%Wall Street's Dow Jones index fell more than 7 percent overnight after the U.S. was officially declared to be in recession. |
October Construction Spending Dips 1.2%U.S. construction spending fell a steeper-than-expected 1.2 percent in October as home construction posted its biggest drop in three months, a Commerce Department report showed on Monday. |
Obama Names Clinton, Gates to Key PostsPresident-elect Barack Obama on Monday nominated Hillary Clinton as secretary of state and announced he would keep Defence Secretary Robert Gates in his current job in widely expected moves to set up his national security team. |