Inflation in China is very high. It's hard to figure how that will benefit us, but on a list of things that come under the rubric "grim satisfaction,"...
Impelled to take extraordinary measures for the second time in less than a week, the Federal Reserve moved on Tuesday to subdue the deepening crisis i...
Though the country is not yet officially in a recession, some economists argue the signs are pointing to one. A dismal job report released Friday add...
At U.S. warehouse club stores, a growing number of shoppers are giving up steak for cheaper chicken. Coffee sales are soaring at McDonald's, while hig...
U.S. bank Merrill Lynch will not need to return to the market again following the turbulence in credit markets that forced it to raise nearly $13 bill...
WASHINGTON — The economy has weakened since the start of this year as shoppers turned even more cautious given the severe housing slump and pain...
WASHINGTON — Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urge...
After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...
WASHINGTON — The cascading fallout from the subprime loan crisis, barely a cloud on the horizon a year ago, is now viewed by experts as the econ...
The credit crunch hit American International Group Inc. with brute force, as the global insurer reported a $5.3 billion fourth-quarter loss largely be...
WASHINGTON — Sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Median home pri...
LOS ANGELES — The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to ta...
Even the barbarians didn't think the credit crisis would last this long. A firm affiliated with leveraged buyout giant Kohlberg Kravis Roberts & Co.,...
Banks in the United States have been quietly borrowing "massive amounts" from the U.S. Federal Reserve in recent weeks, using a new measure the Fed in...
Consumer spending is likely to slow significantly because of tighter credit conditions, according to Tim Besley, an external member of the Bank of Eng...
The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by B...
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...
San Francisco Federal Reserve Bank President Janet Yellen on Thursday indicated a willingness to cut U.S. interest rates further and said she was "not...
ZURICH, Switzerland — UBS AG on Thursday posted a fourth-quarter net loss of $11.28 billion, and a loss for the entire year, besieged as other b...
A widening array of financial-market problems threatens to trigger a new phase in the global credit crunch, extending it beyond the risky mortgages th...
The credit crisis is no longer just a subprime mortgage problem. As home prices fall and banks tighten lending standards, people with good, or prime,...
The U.S. economy is faltering. Family debt is on the rise, benefits are disappearing, the deficit is skyrocketing, and the mortgage crisis has worsene...
US credit markets are trading as if the economy is in a recession because investors' "fear has overwhelmed greed," Goldman Sachs Group Inc. Chief Fina...
American International Group's disclosure that its losses from risky debt may be billions of dollars more than previously reported could eventually pu...
As Washington policymakers struggle to keep the U.S. out of recession, the swirling confusion over the housing market is making their job a lot toughe...
