Latest financial news - CNNMoney.com

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Dollar hits 2008 high

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05.09.2008 01:17:19 - Latest financial news - CNNMoney.com

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Bonds rise on job market weakness

Labor market worries boosted Treasury prices Thursday after a spike in weekly unemployment claims.

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05.09.2008 01:08:10 - Latest financial news - CNNMoney.com

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Brutal selloff on Wall Street

Stocks plummeted Thursday, with the Dow plunging around 345 points as mixed retail sales, lower oil prices and dour labor market readings amplified worries about a global economic slowdown.

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05.09.2008 00:20:36 - Latest financial news - CNNMoney.com

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No job turnaround on horizon

Economists expect another weak job report when the government releases its August employment figures Friday. But many also are predicting job losses to continue deep into 2009 as well.

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04.09.2008 22:43:54 - Latest financial news - CNNMoney.com

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Why the Fed cuts haven't worked

It's been almost a year since the Federal Reserve issued the first of what turned out to be seven rate-cuts to deal with the credit crisis.

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04.09.2008 22:17:40 - Latest financial news - CNNMoney.com

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Big Three bailout may be around corner

Plunging auto sales, high gas prices and election year politics could help convince Congress to approve a $50 billion loan package to embattled U.S. automakers that Detroit's Big Three claim is key to their future success.