In the latest sign of consumers in distress, online holiday sales registered a first-ever decline in seven years, according to sales tracker ComScore.
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Stocks fell Monday in a thinly traded session amid concerns about fourth-quarter corporate earnings, falling oil prices and ongoing woes in the auto industry.
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Japanese auto giant Toyota said Monday that it would suffer an operating loss due to plummeting auto sales and a strong local currency.
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Shares of General Motors Corp. fell sharply Monday after an analyst at Credit Suisse downgraded the stock and cut its target price to just $1.
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Oil prices fell Monday as investors continued last week's practice of falling prices leading up to the Christmas holiday, and the dollar earned back early losses against the euro.
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The 1990s are commonly known as Japan's "lost decade." Now, this decade isn't looking too good either.
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Nervous about your job? Join the club. Recent polls show that 30% of Americans are worried about being laid off. Yet most of them won't be.
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Bankers are counting down the days until they officially close the book on a terrible 2008. Too bad the outlook for 2009 is just as dismal.
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When it comes to retirement, I've got a whole laundry list of issues I wish President-elect Barack Obama and his counterparts in Congress would tackle as soon as they are sworn in this month. But the U.S. deficit has hit record levels, so I'm trying to be realistic about what we can afford. With that in mind, I'm paring down my retirement wish list to three things that can make a big impact - without blowing a hole in the nation's finances.
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President Bush's bailout plan contains some "targets" the government wants the automakers and the United Auto Workers union to achieve before agreeing to a bailout loan.
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