1st time ever: 10-year yield is below 3%more similar news »
Demand for U.S. Treasury bonds surged Wednesday, lowering the yield on the benchmark note to an all-time low, as investors responded to grim economic data and falling mortgage rates.
Bailouts: $7 trillion and risingmore similar news »
The U.S. government is now willing to spend more than $7 trillion to help rescue the economy. That's about $23,000 for every American, and more than half of U.S. annual gross domestic product.
Oil jumps after China cuts ratesmore similar news »
Oil prices rose Wednesday after a large rate cut from China's central bank offset concerns about falling demand from a large jump in domestic stockpiles, and a series of negative economic reports.
Gas prices fall below $1.87more similar news »
Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.
Mortgage rates plummetmore similar news »
Mortgage rates fell sharply yesterday after the administration announced that it will pump another $800 billion into credit markets to free up frozen consumer and mortgage lending.
Dow struggles highermore similar news »
The Nasdaq slipped Tuesday, but the Dow and S&P 500 ended higher for the third straight session as investors welcomed the government's latest efforts to jumpstart lending, but remained cautious.
AIG chief slashes salary to $1more similar news »
AIG Chief Executive Edward Liddy agreed to slash his annual salary to $1 as part of a series of voluntary pay restrictions by top executives tied to a massive $150 billion government bailout.
Obama picks a budget chiefmore similar news »
President-elect Barack Obama on Tuesday nominated Peter Orszag to head the Office of Management and Budget (OMB), the president's chief number-crunching department, and said he sees "tough choices" ahead in determining programs to keep or cut.
Black Friday retailers hope for silver liningmore similar news »
Black Friday shopping is expected to decline slightly, but pent-up demand and lower gas prices may provide a small silver lining for the suffering retail industry, according to a survey released Tuesday.
Record number of borrowers get mortgage helpmore similar news »
Mortgage lenders helped save a record 225,000 at-risk mortgage borrowers from losing their homes during October, according to a report issued Tuesday by a coalition of lenders, mortgage servicers, investors and counselors assembled to fight the foreclosure plague.
Dow's biggest 2-day run since '87more similar news »
Stocks surged Monday in a broad rally as Citigroup's massive rescue package and President-elect Obama's picks for his economic team pushed investors off the sidelines.
