In the face of criticism that its bailout efforts are not working, federal officials said Wednesday that they have prevented widespread failure of financial institutions, but they conceded that the credit crisis won't ease until the economy recovers.
In the face of criticism that its bailout efforts are not working, federal officials said Wednesday that they have prevented widespread failure of financial institutions, but they conceded that the credit crisis won't ease until the economy recovers.
The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings.
In the face of criticism that its bailout efforts are not working, federal officials said Wednesday that they have prevented widespread failure of financial institutions, but they conceded that the credit crisis won't ease until the economy recovers.
Despite a last-minute rush by shoppers looking to take advantage of deep discounts during the Christmas week, sales during the holiday retail season are looking even weaker than expected, according to a retail research firm's preliminary report issued Wednesday.
The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings.
Rates on mortgage loans are the lowest in the 37-year history of the Freddie Mac Primary Mortgage Market Survey, according to a weekly report released Wednesday.
Forget a signing bonus: With more than three job seekers for every job opening, more workers are taking any employment they can find - even if it means a pay cut.