Recession | featured news

New orders for long-lasting U.S. manufactured goods saw their biggest gain in 16 months in April and fewer workers filed for new jobless benefits last week, according to data on Thursday that suggested the deep recession was abating.

Students opposed to abortion rights held an all-night prayer vigil. President Obama today ventures to America's foremost Roman Catholic university, where the country's deep divisions over abortion and stem-cell research have moved to the forefront in a time of war and recession.

What recession? Two New York author/socialites put the fun back in hedge funds with new novels about the privileged lives of those ...

Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession.

The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports. The politically sensitive deficit with China increased.

The economy lost 539,000 jobs in April, the government reported on Friday, a sign that the relentless pace of job losses was starting to level off.

The rich feel the pain of the recession, too. Sort of. On paper, Augustine Fou would seem to have little to fear. He and his wife earn around $400,000 a year. He has a solid marketing job and a doctorate from the Massachusetts Institute of Technology.

The government reported that gross domestic product shrank at a 6.1 percent annual rate, worse than economists expected, dampening hopes that the slowdown was easing.

On Monday, T.G.I. Friday's which, like most casual-dining chains, has taken a hit during the recession will unveil plans to ...

Finance chiefs from the G7 powers said on Friday the global economy may be pulling out of the depths of a recession although recovery was not yet assured, and they pledged to make certain big financial firms are sound.