November 2009 Headlines

Lenders Called Out for Not Helping Homeowners

Mortgage companies are being pressured by the government to help homeowners facing foreclosure.

Don't Fall Victim to the '12 Scams of Christmas'

Cyber criminals are on the move as more and more people look online for holiday shopping deals. With a few tips, however, you can avoid being scammed.

Cyber Shoppers Click Aside Recession Worries

Retailers are hopeful for what appears to be an encouraging start to season. The question is, are recession-weary Americans in the shopping spirit?

U.S. Holiday Season Off to Modestly Positive Start

Holiday shopping held steady through the weekend after retailers saw a huge crowd of bargain shoppers buying discounted flat-panel TVs and fleece jackets on Black Friday.

Bernanke Makes Case for Stronger Fed Role

The chairman of the Federal Reserve is concerned that congressional efforts at financial reform could weaken the central bank's ability to handle future crises.

Black Friday Sales Up 0.5% from Last Year

Shoppers who endured long lines and sometimes-frigid temperatures spent only slightly more during their Black Friday shopping sprees than they did last year.

Dubai Crisis Jolts Markets, Early Fears Ease

Dubai's debt crisis rattled world financial markets raising concerns that some banks could further tighten lending and hamper the global economic recovery.

Asian Stocks Stumble Amid Dollar Slump

Asian stock markets tumbled Friday as the dollar continued its slide against the Japanese yen.

How to Keep Holiday Joy in a Harsh Economy

For many the holidays can be the most stressful time of the year - especially if they're out of work. But one financial expert has a solution.

Retailers Hold Out Hope for 'Black Friday'

The day after Thanksgiving is the kick-off to the holiday shopping season and economists will be looking closely at sales numbers for signs of economic recovery.

Economy Expected to Affect Holiday Travel

Thanksgiving travel dropped by 25 percent between 2007 and 2008 and the American Automobile Association says those habits will probably stick around this year.

Gold Price Keeps Climbing

The precious metal hit a new high of more than $1,180 an ounce in Europe on Wednesday.

Wary Consumers, Rising Unemployment Snag Recovery

The economy is not growing as fast as the government first thought and the recovery still faces significant obstacles.

Poll: Debt Dampens Holiday Shopping

With more Americans in debt this holiday season, it's likely they'll behave like Scrooge rather than Santa.

T-Bills Yield Zero as International Demand Grows

Those looking for a substantial return on their money, should probably avoid purchasing U.S. Treasury bills any time soon.

Gold Price Hits New Record

Another day brings still another record in the roaring bull market in gold.

Gold Price Continues Upward

Gold has been steadily rising against the dollar, which continues to lose value on the international market.

Mortgage Delinquencies Hit Another Record in 3Q

The number of U.S. households that are falling behind on their mortgages has hit a new high.

American Charities May Not Have a Happy Holiday

American charities have weathered a significant drop in giving this year, and while they're hoping for a holiday miracle, a recent survey shows they will probably see a decrease in year-end generosity.

Gov't. May Have Overpaid on AIG Bailout

Officials handling the multibillion dollar bailout of American International Group Inc. may have overpaid other banks to wind down AIG's business.

GM Reports $1.2B Loss, Says It Shows Progress

GM said its improved performance was fueled by new products including the Chevrolet Camaro muscle car, and the Chevrolet Equinox and GMC Terrain midsize crossover vehicles.

Gold Marks Record High on Weak Dollar

The yellow metal hit yet another record high Monday trading at $1,130 an ounce.

Foreclosures Down, But Don't Celebrate Yet

A new report by RealtyTrac reveals that fewer Americans are losing their homes.

Gold Price Hits Another Record Mark

The price of the yellow metal hit another record Wednesday at $1,119 an ounce.

Fed Warns Weak Recovery Won't Spur Jobs

Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur hiring, the Fed warned.

Gold Marks Record High as Dollar Weakens

Gold hit yet another record high Monday, reaching $1,108.80 an ounce as the U.S. dollar continued its downward spiral.

Geithner: Unemployment Rate Still Rising

The news comes after the government announced on Friday that the rate now stands at 10.2 percent.

Fannie Mae Offers Option to Foreclosure

Mortgage giant Fannie Mae has launched a new program that will allow struggling homeowners to stay in their homes.

Gov't. Risked Trillions of Taxpayer Dollars

Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets.

New Jobless Claims Drop to 512K, Lowest Since Jan.

The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months.

October Sales Offer Relief to Merchants

Consumers, enticed by cooler weather, early holiday discounts and an improving economy, offered some relief to the retail industry in October.

Congress Set to Clear Aid to Jobless, Homebuyers

Congress is one vote away from sending the president legislation that continues aid to more than a million jobless people and extends tax breaks to hundreds of thousands of prospective homebuyers and struggling businesses.

Gold Extends Gains as Dollar Weakens

Gold prices have rallied to another new high on the back of a weaker dollar.

Fed Likely to Keep Key Interest Rate at Record Low

Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.

Berkshire Buying Burlington Northern Railroad

Warren Buffet's Berkshire Hathaway says it has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion.

Ford Reports $1 Billion 3Q Profit

Ford says it now expects to be "solidly profitable" in 2011. Previously the automaker said it would be break-even or better.

Retail Faces Uncertainty as CIT Enters Bankruptcy

CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York.

Geithner: Economy Rebounding, but Job Growth Lags

Treasury Secretary Timothy Geithner acknowledges the federal budget deficit is too high, but that the priorities now are economic growth and job creation.