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A panel of economists cut its forecast for U.S. economic growth for the rest of 2010 for the third month in a row. The latest Blue Chip Economic Indicators report said that lower-than-expected consumer spending, business investment and private construction would dampen economic growth, Reuters...

Britain, the last of the G7 nations still in recession, finally emerged from it during the last quarter of 2009, but barely. GDP grew by just 0.1%. Economists had expected slightly higher growth at 0.4%.

There are two schools of thought on oil prices. The first is that the recession will not last long and that exploration by major oil companies has slowed as oil fields begin to yield less. In this case, oil prices will move back toward $100 over the next year. Another contributing factor to rising...