economic slowing

Dismal Job Market Pushes Dow into 275-Point Plunge

The stock market suffered its worst day of the year Friday after a surprisingly weak report about hiring and employment cast a pall of gloom over the U.S. economy.

China Admits Its Economy Faces Challenges

In comments posted on China's Central Government website, Premier Wen Jiabao warned that China's economy is facing mounting difficulties as a result of the international financial crisis and the unpredictable nature of the global economic recovery.