The financial crisis sweeping world markets is the worst since the Great Depression. While the crisis is biting into the real economy, hard lessons are being learned. How should policymakers move forward, particularly as room for manoeuvre is being squeezed?
Cars, planes, retailing, engineering, food and building groups around the world cut earnings forecasts, production or jobs on Friday in one of the gloomiest days of the year so far for earnings and stockmarket confidence.
Once again nothing was spared in last week's selling crunch. Shares, currencies and commodities were either pounded or pursued, such as the yen and the greenback.
Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors(R).
With the economy weighing heavily on their minds, many Americans plan to spend less and shop differently and more carefully during this year's holiday season, according to Deloitte's 23rd Annual Holiday Survey of retail spending and trends.
Global Insight released the third quarter 2008 update of U.S. Travel Insights which calls for a year-over-year decline in the total number of domestic Person-Trips, and continued, albeit less robust, growth in international arrivals.
Despite perturbations in global financial markets, worldwide telecommunication industry revenues are predicted to continue growing at a healthy eight percent over the next five years, according to a new market analysis study from INSIGHT Research Corporation.
The tough economy is unavoidably trickle-down, and small business owners are feeling the pinch. A recent survey conducted by the United States Federation of Small Business (USFSB) and DYMO reported that 95 percent of small and medium-business (SMB) owners feel that their small business community has been challenged. Additionally, more than 55 percent of those surveyed reported their own personal business as being "down".
PandaLabs, Panda Security's malware analysis and detection laboratory, issued a security alert that reveals a direct correlation between the recent stock market volatility and the growth of new threats.
