Over 140,000 Americans have filed for unemployment benefits this year, far more than originally expected. CBS Newsu2019 Kathryn Brown reports on this and the rest of todayu2019s top financial news.
With only a few trading days left before the New Year, Israel's air strikes on Gaza, and fear that the violence could escalate, have increased the price of oil. Kathryn Brown reports.
Time is running out to finish your holiday shopping. And the rush to return is about to begin. Alexis Christoforous reports.
Bondholders may prevent GM from filing for bankruptcy in last minute negotiations. But, as Jill Schlesinger reports, bondholders may opt to take their chances in court.
As 2008 comes to an end, reports indicate that new home sales have reached an 18 year low. Alexis Christoforous reports on this and the rest of todayu2019s top financial news.
President Bush has signed a rescue bill which will provide billions for struggling automakers GM and Chrysler. Alexis Christoforous reports from the New York Stock Exchange.
The Bush Administration is now considering a bankruptcy plan for Detroitu2019s Big 3 automakers. From the New York Stock Exchange, Allison Harmelin reports on this and the rest of todayu2019s top business news.
Due to the ongoing financial slump, many families have been forced to move and relocate. Ben Tracy reports that many school districts have witnessed a mass exodus of students -- and tax revenue.
Are low gas prices bottoming out? Oil rich countries are cutting production by 2 million barrels a day, OPEC's biggest one-time cutback, which is designed to lower supply and prevent the sliding price of oil. Alexis Christoforous has more.
In an attempt to boost the weak economy, the Federal Reserve cut interest rates to a record low of less than .25 percent. Alison Harmelin is at the New York Stock Exchange.
Wall Street is betting that the Federal Reserve will make another short-term rate cut. And Charles Schwab hands out pink slips, saying more could be on the way. Alexis Christoforous reports.
The White House has switched its position concerning the bailout of the Detroit auto industry. Americans are shopping and driving less this holiday season. Alexis Christoforous reports.
The unemployment rate continues to increase dramatically throughout the U.S., as Wall Street continues to face further setbacks. Alexis Christoforous reports for today's "MoneyWatch."
Stocks managed a slight rally, adding 70 points by the close of the trading day, as congress struggles to work out the $15 bailout for Detroit's Big 3 automakers. Alexis Christoforous reports.
Faced with the currently dismal economic climate, many shoppers have now turned to the concept of swapping products. CBS News Karina Mitchell reports on this rapidly growing trend.
Detroitu2019s biggest automakers are hoping for Congress to approve a highly anticipated bailout rescue package plan, as carmakers struggle to stay in business. Tara Mergener reports from Washington.
Bankers and lawmakers held a lively discussion on how to best use government funds to revitalize the economy. Some Congress members said the banks are not lending as much as they should. Susan Roberts report.
After President Bush's remarks, investors responded by buying and selling in huge swings. But, the mortgage meltdown, which triggered the financial crisis, is still growing. Kathryn Brown reports.
Some economic analysts say that increasing cosmetic sales, especially of lipstick, are an indication of a slumping economy. KVAL's Laura Rillos explains.
The Dow finished up nearly 500 points on the heels of news that President-elect Barack Obama is likely to name Tim Geithner treasury secretary. Alexis Christoforous reports on today's top business stories.
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