Mortgaging the future in desperate times

A growing number of Americans are being forced to trade future comfort for more immediate needs because of the current economic crunch.

Target, Lowe's both see profit drop of 24%

Target Corp. and Lowe's Companies both reported profit declines of 24 percent Monday, amid a sharp pullback in consumer spending.

How low can the stock market fall?

The stock markets wild gyrations show no signs of letting up. As market indices rack up huge losses, a Florida reader is wondering: what happens if it just keeps going down?

Wall Street looking for signs the worst is over

With little question the U.S. is in the grips of a recession, investors this week will lean on a slew of earnings and economic reports to help determine exactly how prolonged and painful the downturn might be.

New home construction falls to 1991 levels

Government data show construction of new homes plunged by a bigger-than-expected amount in September as builders slashed production to the slowest place since early 1991.

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