recession

Fiscal Cliff Talks Appear to Be Stalled

Despite an intensifying pace, little progress is being reported in talks on averting automatic spending cuts and tax increases that economists fear could send the U.S. economy off a "fiscal cliff."

Pop Quiz: October's Nightmares on Wall Street

In honor of Black Monday 1987 and Black Monday 1929, we bring you the October recession/depression quiz. If you've ever wondered what causes recessions, how we survive them, and how they end, take our quiz and find out!

Pop Quiz: What Did Washington's Bailout Bonanza Buy for America?

The government's Great Recession bailouts are one of the hot topics of debate this election. But let's skip the rhetoric and run the numbers. If you think you know the facts about the bailouts, or if you're just curious, take a peek at our bailout quiz.

The Real Source of the Middle Class' Money Woes

There are many reasons the middle class feels squeezed right now: unemployment, underwater mortgages, rising college tuition. But it's a combo of three other factors that made the 2000s a lost decade for average Americans: declining household income, shrinking net worth, and a smaller middle class.

What a Return to the Gold Standard Would Mean for You

This week, the GOP is considering a bold plan to transform the U.S. economy: a return to the gold standard. Most economists are highly skeptical about what it would do to the economy. But how it would impact the average taxpayer? Here's a look at what it means -- and how it would affect you.

Surprising Job That Gets Many Americans Into the Millionaire Club

So you want to be a millionaire and you're wondering what it takes? Finding the right career is a good place to start -- think doctor, manager or business owner. But people in at least one field hold a greater chance of living in a millionaire household than you'd ever guess.

Walmart Takes Another Bite Out of Its Grocery Prices

If you shop at Walmart for groceries, your food bill is about to shrink. The nation's largest retail chain is looking to provide some extra financial relief to its shoppers by offering lower prices on grocery items every day, Reuters reports.

GM Posts Record Earnings: Is It Ready to Repay Bailout?

2011 was the most profitable year in General Motors' history. Thanks in large part to the $50 billion government-assisted restructuring it received, GM's U.S. operation is in good shape. So is it ready to fully pay back Washington now? Well, that depends on Europe.

Why Dollar Stores Are Hotter Than Ever (Even for the Rich)

Dollar stores are luring a lot more consumers these days, and their rock-bottom prices aren't the only reason: The chains have undergone major makeovers in recent years, sprucing up their dingy digs and adding better merchandise.

Frugal Americans to Take a DIY Approach in 2012

Americans plan to apply a new DIY-attitude across the board this year -- to their vacations, staying in shape and even beauty maintenance. It's all part of the trend of trying to scale back and save more money.

After Holiday Buying Binge Comes a Spending Diet

The holiday season was a heck of a party for retailers, but consumers are now nursing a shopping hangover that will keep them out of the nation's stores in January and February. "Now that those credit card bills are hitting mailboxes, shoppers will cut back in a very significant way," said Britt Beemer of America's Research Group.

3 Reasons Oil Prices Are Headed Higher in 2012

Americans have grown used to oil at $100 a barrel and paying more than $3 per gallon for gas at the pump. But don't get too comfy -- the price of filling up is probably going up in 2012.

The (Extended) Family Home: Why Millions Are Moving In

Multigenerational households in this country are growing fast. At the end of 2009, 51.4 million Americans lived in a home with three or more generations under one roof, up nearly 5 million from 2007. So what's driving this trend, and how can you move in relatives without drowning in drama?

Give Painlessly: How to Be More Charitable With Less

The holidays are a time to give, but the current economy is really hurting charities. Still, just because money's tight doesn't mean you have to give up on giving: There are several new ways to be generous without opening your wallet -- and some even save you money when you donate.

Is It Time to Revive Plans for Home Improvement?

Whether it's adding granite counters to your kitchen or converting your garage into a home theater, nearly every homeowner has some ideas for a makeover. You know all the reasons to wait -- but there are positive signs on the horizon that might encourage you to break out the tools.

Index of Leading Economic Indicators Rises

The Conference Board's Leading Economic Indicators Index rose 0.9% in October, outpacing increases in the previous two months and providing some grounds for hope of more robust economic growth to come.

Americans Getting More Worried About Retirement

Three separate surveys released this week show rising levels of anxiety among Americans over when -- or whether -- they'll be able to stop working. And even where confidence is rising, some of it may be misplaced.

Financial Distress Is Rising Again, Report Shows

Americans' economic health appears to be edging closer to code red: The Consumer Distress Index fell sharply in the third quarter, indicating that more of us are falling behind financially.

Hints of Recovery? J.P. Morgan Tells Firms to Prepare

Unemployment remains high. The housing crisis has chipped away at consumer confidence. Commodities costs have pushed prices upward. Yet there are signs the economic picture might be getting better for some Americans -- which means businesses could start working harder to get us to start spending again.

Home Ownership: American Dream or Nightmare?

Here's more evidence that the foreclosure crisis has changed the way we think about home ownership's place in the American dream. Nearly half of those polled in a newly released survey said that owning a home today was a "nightmare." But not all polls reflect such a pessimistic view.

Lean Bonus Season Ahead for Wall Street Bankers

With unemployment still high, late mortgage payments rising, and the number of Americans in poverty at record levels, it seems that Main Street is headed for a hard, cold holiday season. But, somewhat surprisingly, so too are the fat cats of Wall Street -- relatively speaking.