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Slowing Economy

Economy Stays Stuck As Consumers Lock Their Wallets

New York Times | MICHAEL M. GRYNBAUM | Posted 05.25.2011 | Business

The nation's economy failed to pick up speed in August and the final days of July, as rising prices and a weak job market prompted consumers to reduce...

Haggling For A Plasma TV? Bring It On

New York TImes | Matt Richtel | Posted 05.25.2011 | Business

Shoppers are discovering an upside to the down economy. They are getting price breaks by reviving an age-old retail strategy: haggling. A bargaining ...

Wall Street Banks Brace For More Multibillion-Dollar Losses

New York Times | Jenny Anderson | Posted 05.25.2011 | Business

Wall Street banks are bracing for another wave of multibillion-dollar losses as the crisis that began with subprime mortgages spreads through the cred...

Will Bernanke Send Wall Street A Valentine?

CNBC | Albert Bozzo | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke has yet to win the hearts and minds of many on Wall Street. But a stand-out performance during his appearance be...

Pressure Mounts For Fed To Make Big Rate Cut

CNN/Money | Paul R. La Monica | Posted 05.25.2011 | Business

With unemployment rising to 5 percent in December and jobs growth coming in well below forecasts, economists said the Federal Reserve may be forced to...

F. Scott Got It Wrong: Rich Aren't Different From Others, Reining In Spending

Bloomberg | Mathew Benjamin, Rich Miller | Posted 05.25.2011 | Business

F. Scott Fitzgerald had it wrong: In a slowing economy, the rich aren't that different from everyone else. Affluent consumers, pinched by shrinking s...