Economy, Recession | featured news

Federal Reserve chairman Ben Bernanke warns Congress that the US recession may last beyond the end of the year.

It was the market’s second day of advances in the face of news showing the economy falling deeper into recession.

Factory activity contracted at a slower pace in January, data showed on Monday, providing a rare dose of good news for the battered economy, but other reports pointed to a deepening of the recession.

Encore hopes to buck the Sin City recession.

CHICAGO (Reuters) - Americans staggered by a massive drop in household wealth are not using the current recession to return to school or just enjoy a temporary break from the work grind, as many did in previous downturns, according to the San Francisco Federal Reserve.

The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and business cut spending.

The recession is killing jobs at an alarming pace, with more than 33,000 new layoffs announced Monday by some of the biggest names in American business - Pfizer, Caterpillar and Home Depot. More pink slips, pay freezes...

The conventional wisdom about the adult entertainment business is that it is recession-proof.

President Barack Obama's top economic adviser would not rule out on Sunday that more money may be needed to stabilize the financial system as a deep recession increases banks' losses.

Consumer prices fell by a slightly smaller-than-expected margin in December, according to government data on Friday that showed a sagging economy was exerting downward pressure on prices and raising the specter of deflation.