"The worst financial crisis since the Great Depression," has become standard shorthand for the global financial crash and resulting severe recession. September marks the beginning of fall, and also the anniversary of the 2008 benchmark bankruptcy of investment house Lehman Brothers.
INDIANAPOLIS | Former U.S. Sen. Evan Bayh, D-Ind., sees the recent financial crisis as a tale of greed, fear, dreams, hopes and panic, calling it a story as old as time and destined to repeat itself absent changes to the incentives that drive American business and government.
BRUSSELS | The new Dutch finance minister was poised on Monday to take over as head of the eurogroup, the group of the 17 eurozone finance ministers, which would give him one of the top jobs in the eurozone's battle to end its financial crisis.
SINGAPORE | After supplying European customers for more than 40 years with neon bright ornamental fish, Shirley Lim is now looking elsewhere for sales.
The stock market just had its best first quarter in 14 years. The surge has sent Wall Street analysts, some of whose forecasts seemed too sunny three months ago, scrambling to raise their estimates for the year.
Big, round numbers are hard to ignore. That's why we pay attention when the odometer clicks over to 100,000 miles, and why the world threw a party at the dawn of 2000 instead of the technical start of the millennium in 2001.
The long-suffering job market is ending the year better off than it began. The number of people applying for unemployment benefits each week has dropped by 10 percent since January.
Europe's fiscal pact may save the euro from collapse and stave off worldwide financial panic. But the concerns of many investors are more personal: Will it lift my flagging 401(k)?
Ask the people who invest billions for a living to name their favorite picks for 2012 and you'll get Brazilian stocks, U.S. junk bonds, and government debt from Colombia. Ask them what they dislike: U.S. government bonds.
Like the sequel of a blockbuster horror movie, the debt ceiling may strike again: A gridlocked bipartisan congressional committee must find a way to agree on a deficit reduction plan by Nov. 23rd.
The biggest threat to our economy these days comes from Europe. The Greek government borrowed a lot of money that it cannot repay. If Greece defaults the resulting financial crisis could plunge the world back into recession.
2011 was shaping up to be a washout for the stock market just two weeks ago. Now, it's within shouting distance of its biggest comeback in nearly three decades.
Employers stopped adding jobs in August, an alarming setback for an economy at risk of another recession. The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010.
SACRAMENTO, Calif. — Bianca Karres and Anne Williams stared into the darkened storage locker. They'd just paid $1,050 for its contents, but had little idea what they were.
Consumers spent more on cars, furniture, electronics and other goods in July, and more in May and June than previously thought. If it keeps up, the economy might rebound after growing in the first half of 2011.
Standard & Poor's has taken the unprecedented step of lowering the top credit rating that the U.S. has held for nearly a century. What does a downgrade mean, and will it send interest rates higher?
Indiana Black Expo will be a long time convincing many casual observers that its Summer Celebration is a multifaceted benefit to the community and not a reason to avoid Downtown on a certain weekend.
This is one anniversary few feel like celebrating. Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.
The Standard & Poor's 500 index has dropped 6.8 percent since April 29. Declining just as quickly: the hopes of many investors and economists for robust growth in the second half of the year.
WASHINGTON (AP) — The Federal Reserve said last month that the economy is gradually improving and began discussing how it would reverse policies adopted during the recession that pumped billions of dollars into the economy.
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