Archive for October 26th, 2008

Gasoline prices in steepest drop ever (Reuters)

 Gasoline prices in steepest drop ever 
    (Reuters)Reuters - The average retail price for a gallon of gasoline in the United States plunged more steeply than ever over the last two weeks as the economic slowdown weighed on crude oil and drove consumers off of the roads, according to the latest nationwide Lundberg survey.


Original post by Reuters and software by Elliott Back

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Recession reality setting in slowly (Reuters)

 Recession reality setting in slowly 
    (Reuters)Reuters - The more than $4 trillion that governments have thrown at the financial crisis pales in comparison with the wealth destroyed in falling stock markets, and conditions may get worse as economic reality sets in.

Original post by Reuters and software by Elliott Back

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Wall Street workers leaving NYC for fresh start (AP)

 Wall Street workers leaving NYC for fresh start 
    (AP)AP - Bankers and brokers looking to escape the financial meltdown are scrambling to relocate their families, possessions and rarified talent far from Wall Street to places such as Florida, Chicago, Milwaukee, Virginia and Asia.

Original post by AP and software by Elliott Back

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Fed to slash rates as recession looms (Reuters)

 Fed to slash rates as recession looms 
    (Reuters)Reuters - The U.S. Federal Reserve is expected to cut lending rates at a two-day policy meeting this week in response to unprecedented turmoil in financial markets and the threat of a global recession.


Original post by Reuters and software by Elliott Back

Posted by admin