Foreclosures, gas prices, Wall Street wipeouts -- the daily barrage of bad news has taken a toll on the American consumer, whose confidence in the economy has dropped to almost 50%. Steve Henn reports.
The economy is keeping shoppers out of stores and retail numbers prove it. They dropped to a three-year low. The downward trend is likely to keep holiday shopping lists on the small side this year. Danielle Karson has more.
September saw a third straight month of declines in retail sales in almost every category -- from cars to groceries. Ashley Milne-Tyte reports why this holiday shopping season could be the worst in years.
September was not a good month for retail. No surprise there, right? Well, the drop in sales was even more than expected. Now retailers are especially worried about the holidays. Jaime Bedrin has the story.
The owners of small businesses have the same concern many of us do -- Is my money safe? But they have the added worry that all of the bad financial news will discourage shopping. Rachel Dornhelm reports.
Fine wine prices have shot up dramatically in recent years. But wine collectors aren't the only ones seeing dollar signs. So are wine counterfeiters. An estimated 5% of wines sold in secondary markets could be fakes. Krissy Clark reports.