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Obama calls for swift action on economy
CHICAGO - President-elect Obama said Friday that the country is facing the greatest economic challenge in a lifetime and "we're going to have to act swiftly to resolve it."
Nations:U.S. Kenya People:Joseph Biden Warren Buffett Activities:Obama Admin. 2008 U.S. Recession
2008-11-07
Obama calling on economic experts for their advice
CHICAGO - President-elect Obama is calling on economic experts to discuss the first steps toward healing a damaged economy as he forms a new administration in the face of a worsening crisis.
Nations:U.S. People:Joseph Biden Warren Buffett Hillary Clinton Activities:Obama Admin. 2008 U.S. Recession
2008-11-07
Jobless claims remain elevated due to weak economy
WASHINGTON - New claims for unemployment benefits were unchanged last week, remaining at the same elevated level due to the struggling economy, the government said Thursday.
Activities:2008 U.S. Recession Source:(AP)
2008-10-30
Dow ends up almost 900, but no one is exhaling
Wall Street's best day in two weeks -- and one of its best ever -- was a joyless rally. Even a manic, final-hour stampede of buying that sent the Dow Jones industrials soaring almost 900 points did nothing to dispel the feeling that the market could turn on investors in an instant.
Nations:U.S. Activities:U.S. Markets Source:(AP)
2008-10-28
Consumer confidence plunges to lowest on record
WASHINGTON - Layoffs, plunging home prices and tumbling investments have pushed consumer pessimism to record levels in October, a private research group said Tuesday. Wall Street shook it off, though, focusing instead on higher global markets amid optimism the Federal Reserve will ease interest rates further.
Activities:2008 U.S. Recession Source:(AP)
2008-10-28
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