Recession | featured news

Pension trustees and insurance company portfolio managers look away now. Your increased commitment to government bond holdings in recent times is about to blow up spectacularly. At least, that is the view of Ron Paul, the US congressman who ran against John McCain in last year’s Republican Party presidential nomination.

Wal-Mart Stores Inc is awarding approximately $2 billion to its U.S. hourly employees through financial incentives, including handing out $933.6 million in bonuses on Thursday, after the world's largest retailer gained market share amid a recession.

Investors were buoyed by comments on the US economy from the Federal Reserve chairman Ben Bernanke and sent stocks mostly higher Monday.

What's last thing people want in a recession? More kids, apparently.

In the global descent into recession, Japan continues to lead the way.

Warren Buffett said on Monday the U.S. economy had "fallen off a cliff" but would eventually recover, although a rebound could kindle inflation worse than that experienced in the late 1970s.

Film News: 2009 releases earning big, but why? -- Domestic B.O. for January and February was up 13%. Admissions rose nearly 10%. With a slew of high-profile projects set to open in the next two months, Hollywood hopes to maintain this torrid pace.

Almost every industry and almost every part of country in dire economic condition, report shows.

U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

Breaking up is hard to do -- perhaps even more so during a recession.