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Vanishing jobs, stressed consumers feed downturn
WASHINGTON - Ford plans to cut about 2,260 more jobs, the latest in a vicious cycle of vanishing jobs and stresses on American consumers that is spelling deeper trouble for the already sinking U.S. economy.
People:Nancy Pelosi Activities:2008 U.S. Recession
2008-11-07
Longer-term jobless benefits hit 25-year high
WASHINGTON (AP) -- The number of out-of-work Americans continuing to draw unemployment benefits has surged to a 25-year high, while shoppers turned extra frugal, further proof of the damage from sinking economy, credit problems and financial stresses.
Activities:2008 U.S. Recession Source:(AP)
2008-11-06
Retailers report weak September sales
American shoppers went into hiding in September, sticking to buying the bare-bone essentials and leading many retailers to report dismal sales for the month as skittish consumers grappled with the financial meltdown spreading around the globe.
Nations:Mexico Activities:2008 U.S. Recession Source:(AP)
2008-10-08
As costs rise, inflation's next front is retailers
NEW YORK - Coming to a store near you: Even higher prices. Most inflation this year has come from food and fuel, as retailers resisted passing along to strapped consumers the higher prices manufacturers charged them, but coming increases from companies such as Johnson & Johnson and Hasbro Inc. may leave them with no choice.
Nations:Germany Activities:2007-8 Global Inflation
2008-07-27
Stocks advance following sharp drop in oil prices
NEW YORK - Stocks advanced for the second straight session Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy.
Nations:Germany Japan France Activities:2007-8 Oil Crisis U.S. Markets
2008-07-23
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