Credit continues to tighten

Financial News No Comments »
Read full story for latest details.

Cold shoppers seek hot toy deals

Financial News No Comments »
The hot pursuit of discounted toys and video games kept lots of shoppers waiting in the cold, dark night on Black Friday.

Preparing for Cyber Monday

Financial News No Comments »
Read full story for latest details.

Uninsured Deposit Loss Calculator (for total shitheads) [XLS]

Financial News No Comments »
Here is an expected loss calculator that uses Intrade prediction market values to calculate expected losses on uninsured deposits at weak banks. (Qzaki.com)

Dow’s winning streak rises to 4

Financial News No Comments »
Stocks surged Wednesday, with the Dow industrials and S&P 500 rallying for the fourth session in a row, as investors scooped up stocks hit in the recent selloff, ahead of the Thanksgiving holiday.

Bailouts: $7 trillion and rising

Financial News No Comments »
The U.S. government is now willing to spend more than $7 trillion to help rescue the economy. That's about $23,000 for every American, and more than half of U.S. annual gross domestic product.

Black Friday: It has to be big, and bold

Financial News No Comments »
Merchants know it's all or nothing when the clock strikes 12.01 a.m. Friday.

Biggest durable orders drop in 2 years

Financial News No Comments »
Orders for durable goods declined sharply in October, marking the largest percent decrease in two years, the government reported Wednesday.

A squeeze on Thanksgiving dinner

Financial News No Comments »
Ever since losing her executive secretary job last year, Carrie Seal-Stahl of Flat Rock, Mich. has grown produce on a suburban lot to supplement her family's food budget.

Consumer spending drops 1%

Financial News No Comments »
Consumer spending fell dramatically in October, according to a government report released Wednesday.

Jobless claims edge down from 16-year high

Financial News No Comments »
The number of Americans filing new unemployment insurance claims edged down from a 16-year high, but remain elevated above the half-million mark.

Obama to pick Volcker to lead economic group

Financial News No Comments »
President-elect Barack Obama will name former Federal Reserve Chairman Paul Volcker as the head of a special economic advisory board, sources tell CNN.

Plan calls for $256B EU stimulus

Financial News No Comments »
Read full story for latest details.

Stimulus: The stuff Obama would build

Financial News No Comments »
America may soon get a whole lot of new stuff.

As debt grows, collections boom

Financial News No Comments »
As the economy sinks deeper into a slump, Americans find it tougher to come up with extra money to chip away at their debts. And as the debt piles up, more consumers are getting calls from debt collectors looking for payment.

‘The biggest turkey I ever hired’

Financial News No Comments »
Folks, this can't be cheering news for job hunters, but lots of companies big and small have declared hiring freezes lately - and most of their managers, it seems, are breathing sighs of relief.

Oil steady near $51

Financial News No Comments »
Read full story for latest details.

Problem banks rise to 13-year high

Financial News No Comments »
The government's watch list of problem banks grew staggeringly in the third quarter, according to a government report on the embattled financial sector released Tuesday.

Gas dips below $1.90 a gallon

Financial News No Comments »
Gasoline prices sank below the $1.90 per gallon mark, dropping for the 69th straight day in a national survey Tuesday.

It’s do-or-die time for malls

Financial News No Comments »
In five short days, it could be the beginning of the end for some of the nation's malls.