The numbers for consumer confidence out this morning may be down for the fourth straight month in a row. But how will that affect what consumers spend? Jeremy Hobson explores the connection.
Europe's largest bank, HSBC, is going to rescue two of its structured investment vehicles, or SIVs, that have taken a beating from recent woes in the mortgage and credit markets. It'll cost HSBC $35 billion to make things right. Amy Scott reports.
The strength of the euro is causing more European purchases of Chinese goods and hurting European manufacturers. Bill Marcus reports European officials have a solution that China has heard before.
The British government said that it favored the Virgin consortium's bid for struggling bank Northern Rock. But Stephen Beard reports Sir Richard Branson's move still needs to be approved by Rock shareholders.
They call today Black Friday because holiday sales supposedly help retailers climb into the black for the year. Yet, despite the long lines seen today, this could be the slowest holiday season in five years. Scott Jagow got a perspective from Rob Snowden, general manager of Outlets at Hillsboro in Texas.
Australian Prime Minister John Howard could lose re-election in this weekend's national elections. Eleanor Bell reports on factors involved, including the subprime mortgage crisis and the U.S. economy.
The Organization for Economic Cooperation and Development shook investors today when it warned that overall subprime lending losses could feasibly hit between $200 billion and $300 billion. Can anything be done to limit the losses? Bob Moon has more.
The Labor Department reports that fewer people are applying for unemployment insurance. But Janet Babin reports the numbers could have been thrown off due to the holiday season's retail hiring.
The Broadway stagehands' strike is costing New York City millions of dollars a day. Stacey Vanek-Smith reports the effects are also being felt by local businesses, and even charitable organizations.
Before Thanksgiving dinner is on the table, it usually travels many thousands of miles to be with you. Scott Jagow talks to Sarah Murray, author of "Moveable Feasts," about the economic impact of food.
