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Obama launches middle-class task force Facing new evidence of a darkening economic climate, President Barack Obama on Friday established a new middle-class task force to assess the status of average-income Americans and recommend new ways to strengthen the economy. CNNEconomy shrinks at 3.8 percent pace in 4Q WASHINGTON (AP) -- The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.... The Arizona RepublicStocks slip after GDP report, mixed earnings NEW YORK (AP) -- Stocks slumped for a second straight day Friday as investors worried that the economy, though perhaps not as troubled as feared, is only getting worse.... The Arizona RepublicWeak economy, consumer anxiety hurts Wall Street NEW YORK (Reuters) - Stocks fell on Friday after news that the economy shrank at its fastest pace in nearly 27 years while downbeat data and earnings reinforced apprehension about the plight of consumers and manufacturers. ReutersGDP sees biggest drop in 27 years WASHINGTON (Reuters) - The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and business cut spending. ReutersU.S. Markets Down on Economic Data Stocks slumped this morning after a government report showed the U.S. economy shrank at the fastest pace in more than 25 years during the fourth quarter. The Washington PostOil floats around $42The Globe and Mail Economy Logs Worst Performance In 25 Years The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending. CBS NewsGold Surges on Safe-Haven Buying Gold futures rose to their highest level in six months as investors sought the safety of the metal following government data that showed the U.S. economy contracted the most in 26 years during the fourth quarter. WSJ.comU.S. Stocks Drop on Earnings, Economy Concern; P&G, Alcoa Fall - Bloomberg Jan. 30 (Bloomberg) -- U.S. stocks fell, paring the first weekly advance in a month for the Standard & Poor's 500 Index, as more companies reported disappointing earnings and the economy contracted at the fastest pace in 26 years. Procter & Gamble ... Feed Digest1 2 3 4 5 |
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