In a troubling sign that consumers are retrenching this holiday season, consumer spending and orders for durable goods fell further in November, according to government reports released Wednesday.
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The number of Americans filing for first-time unemployment benefits rose to a new 26-year high last week, according to a government report released Wednesday.
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It looks like America may be getting a whole lot more energy efficient as part of any new stimulus plan.
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Near record low mortgage rates sent mortgage applications shooting higher last week, especially for refinances, according to an industry report.
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Foot traffic plummeted at stores this Saturday compared to last year but sales increased slightly, suggesting that shoppers are making fewer, more efficient trips for their holiday buying, according to a report released Tuesday.
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The Treasury Department, broadening the reach of its bank bailout, said Tuesday it had invested $4.7 billion in another 92 local banks.
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Facing a disastrous holiday shopping season, the retail industry on Tuesday urged President-elect Barack Obama to incorporate three national tax-free shopping holidays in 2009.
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Most Americans believe that investment fraud like the recently revealed Ponzi scheme run by Bernard Madoff happens regularly on Wall Street, according to a recent survey.
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President-elect Barack Obama's economic team and congressional staffers are close to finalizing a massive recovery proposal but are still hammering out details, Vice President-elect Joe Biden and economic adviser Larry Summers said Tuesday.
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Government bonds continued a three-day slide Tuesday, after the Treasury Department auctioned off another $28 billion in debt.
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