THE number of Americans claiming jobless aid hit a record in early April and groundbreaking for new homes slumped last month, but a top Federal Reserve official voiced hope the recession was ending.
There are encouraging signs the worst of the recession might be over, a leading economist has said.
04/16/09 The euro has continued dominating other currencies this session as risk appetite maintains its stronghold over investor sentiment.
The current economic decline has made housing more affordable in Canada, a study released by Royal Bank of Canada Economics said Thursday.
The number of people receiving jobless benefits exceeded 6 million for the first time, the government reported Thursday, and housing construction unexpectedly plunged to its second-lowest level on record - fresh evidence that the recession is far from over.
Regions Financial Corp. surprised investors with good news Thursday, saying it expects to report a profit for the first quarter when most analysts had predicted a significant loss.
General Growth Properties , owner of more than 200 malls, including Fashion Show in Las Vegas and Faneuil Hall Marketplace in Boston, declared bankruptcy Thursday in the biggest real estate failure in U.S. history.
The profit was 10 per cent lower than last year, but better than expected. JPMorgan has not posted a quarterly loss since the financial crisis began.
U.S. consumer prices fell in March, posting their first 12-month drop in nearly 54 years, and industrial production slipped further, according to data on Wednesday that underscored the severity of the recession.
Just as in the vote count, Democrat Al Franken holds a slight edge over Republican Norm Coleman in the Minnesota Senate money chase.
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