Economic Crisis | featured news

Mall-based chains continue to be hit hardest as consumers focus on necessities, but the warehouse club operator Costco’s results also missed analyst estimates.

A White House spokesman said Wednesday that the United States has avoided falling off an economic cliff, citing as evidence a new report showing factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering.

While California cuts funding for much-needed programs, New Mexico offers more protection for abuse victims.

The U.S. economy is no longer on the edge of collapse, but Americans must reduce the budget deficit, Treasury Secretary Timothy Geithner said Sunday.

Japan sees its unemployment reach a six-year high, at 5.4%, with job availability at a new low, in a further sign of the slowdown.

California Gov. Arnold Schwarzenegger earns the worst approval numbers of his tenure, according to a new poll, becoming another governor whose ratings have been dragged down along with the battered economy.

President Barack Obama said on Wednesday he realized Americans were skeptical about his healthcare overhaul, but that the country's economic recovery depended on the success of the $1 trillion plan.

Several major U.S. banks, led by Wells Fargo & Co, said the troubled economy drove credit losses higher, reducing profitability in the second quarter.

The three most important things in real estate: location, location, location.

Continental Airlines posted a big loss for the second quarter as traffic fell, and the carrier says it will cost 1,700 jobs and raise the fee for checking luggage.