Consumer credit falls sharply

Consumer credit fell in June for the fifth straight month, as widespread unemployment curbed spending, a government report said Friday.
Total consumer borrowing sank a […]

Stocks surge in Brazil, Russia, India, China

As Wall Street rebounds and the U.S. economy shows signs of life, stock prices in the world’s four largest developing economies have climbed even […]

Twitter down: Denial of service

Social networking Web site Twitter was unavailable for roughly two hours Thursday morning after being hit by a denial of service attack.
Twitter went down […]

5 more banks fail

Regulators shut down five regional banks Friday, the Federal Deposit Insurance Corporation said, bringing the total number of banks to fail in the United […]

Treasurys mostly higher after auction

Treasury prices were mostly higher Thursday after the government sold $28 billion in 7-year notes and stocks surged to a 9-month high.
The government […]

Detroit area jobless rate tops 17%

The Detroit metropolitan area held its position of having the highest unemployment rate among major U.S. cities, with the rate surging more than 2 […]