Economic Downturn
Economic Downturn
  • Consumer confidence plunges to lowest on record
    Layoffs, plunging home prices and tumbling investments have pushed consumer pessimism to record levels in October.October 28, 2008
  • Older Americans hit hard by economic turmoil
    Seniors and those close to retirement are getting hit hard by the volatile economy. Some are figuring out they can't afford to retire, and many retirees are heading back to work.October 28, 2008
  • Bernanke gives nod to more government stimulus
    Federal Reserve Chairman Ben Bernanke told Congress Monday a fresh round of government stimulus is a good idea because there's a risk the country's economic weakness could last for some time.October 20, 2008
  • Bush open to second stimulus
    The White House says President Bush is open to the idea of a second government stimulus to further boost the U.S. economy amid the financial crisis.October 20, 2008
  • Minn. sees more job losses, lower unemployment
    Another 2,300 jobs were cut in Minnesota last month, but the state's unemployment rate is also down.October 16, 2008
  • Stocks dropping again
    Angst over the economy is sending stocks plunging once again, after a disappointing report on retail sales was released today.October 15, 2008
  • Stock market rebounds in a big way
    The Dow Jones industrial average rose more than 900 points today, a huge rebound from last week's devastating losses.October 13, 2008
  • Lenders now working to help homeowners avoid foreclosure
    There are signs it could be getting easier for homeowners facing foreclosure to hang on to their homes. That's because lenders are more willing now to modify the terms of their loans.October 13, 2008
  • Employers cut jobs by most in more than 5 years
    Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession.October 3, 2008
  • Survey: Regional economy slows to crawl in Sept.
    A new survey of business executives says inflation and job losses are weighing on the economy in nine Midwest and Plains states.October 1, 2008
  • How to protect your money in turbulent times
    More investment banks and other huge financial institutions continue to live on the edge of bankruptcy. Economists predict the loss of trillions of dollars in financial wealth disappearing worldwide. But does that mean you should take your money out of money markets and mutual funds? Personal financial consultant Ruth Hayden talks about what it takes to save during turbulent times.Midmorning, September 19, 2008
  • State's jobless rate rises again
    Minnesota's unemployment rate rose to 6.2 percent in August, its highest level since 1985. Minnesota's employers cut 3,100 jobs last month, but some industries were adding employees.September 18, 2008
  • Minnesota's economy 'well-insulated' from Wall Street troubles
    Some of the effects of the latest turmoil on Wall Street landed in Minnesota today. Minneapolis-based Ameriprise Financial disclosed it owns nearly $160 million of securities issued by Lehman Brothers. But the Minnesota economy and its financial services sector might be somewhat insulated from the pain that'll go with this mishap.September 15, 2008
  • Home heating worries arrive with cold weather
    Home heating costs will be higher this winter, with fuel oil customers seeing the sharpest increase. Experts say those households may be the least able to absorb the cost.September 11, 2008
  • Unemployment figures raise doubts about a 'soft landing'
    The unemployment rate stands at the highest in five years, and the home buying picture got more complicated, with the government takeover of mortgage giants Fannie Mae and Freddie Mac.Midmorning, September 9, 2008

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