November 21st, 2008 by European Economy
AP - The chances of another interest rate cut by the European Central Bank increased Friday after some of the bank's governors said borrowing costs may have to fall further to offset a worsening economic outlook and dropping inflation.
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November 21st, 2008 by Finance
Reuters - Rhode Island and Michigan had the highest unemployment rates of all U.S. states in October, at 9.3 percent, the Labor Department said on Friday in a report showing that jobless rates rose across the country.
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November 21st, 2008 by Finance
Reuters - Goldman Sachs on Friday lowered its U.S. growth forecast citing a fiscal policy stagnation, record increase in unemployment and a sharp decline in profits, deepening and extending the expected recession.
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November 21st, 2008 by European Economy
AP - U.S. stock markets opened higher Friday as some investors were tempted to buy shares cheapened by heavy losses this week, but European markets were down on mounting recession fears.
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November 21st, 2008 by Money broker
WASHINGTON (AP) - With no end in sight to economic bad news, President George W. Bush on Friday ensured that millions of laid-off workers will keep getting their unemployment checks as the year-end holidays approach.
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November 21st, 2008 by Money broker
By Marcia Heroux Pounds, Staff Writer | South Florida Sun-Sentinel Florida's unemployment is at its highest point since December 1993, according to a report by the state's Agency for Workforce Innovation today.
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November 21st, 2008 by Money broker
By Polya Lesova, MarketWatch NEW YORK (MarketWatch) -- Oil futures traded marginally higher near $49 a barrel in early US action Friday, even as analysts expressed doubt whether oil prices can stage a significant rebound in the face of slumping energy ...
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November 21st, 2008 by Money broker
By Richard Leong NEW YORK (Reuters) - US government debt prices fell on Friday with their yields rising from historic lows, as Wall Street regained its footing following Thursday's carnage that sent it to an 11-year low.
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November 21st, 2008 by Finance
Reuters - US stocks recovered some ground on opening on Friday, though Citigroup fell further, amid continued fear that central bank moves to stabilize financial markets might not be enough to prevent a prolonged global recession.
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November 21st, 2008 by Money broker
By Greg Robb WASHINGTON (MarketWatch) -- The Federal Reserve can still conduct monetary policy if interest rates fall to zero, said Richmond Fed president Jeffrey Lacker on Friday.
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