CLEVELAND — Drivers are breathing a sigh of relief as gasoline prices plunge across the country. Gas below $1.50 a gallon has appeared in a few places in recent days, and the national average has dropped almost in half since July, to $2.18 a gallon.
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David Maxwell for The New […]

Small merchants have long chafed at the fees they must pay banks every time a customer swipes a debit or credit card. But now, with business slowing and every dollar important to their bottom line, some merchants are pushing for changes.
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Brendan Smialowski for The New York Times

Robert Kotchenreuther, […]

The American housing market, where the global economic crisis began, is far from hitting bottom.
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Home prices across much of the country are likely to fall through late 2009, economists say, and in some markets the trend could last even […]

A new bout of anxiety gripped the credit markets on Wednesday as banks hoarded cash and investors once again rushed for the safest of investments, like Treasury bills.
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Wall Street stocks ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence.
Comments from the Federal Reserve about rising inflation added to the market’s uneasiness. The Fed’s release of minutes from its Aug. 5 meeting showed that the central bank […]

Oil prices touched a three-month low on Tuesday, the latest milestone in a steep reversal for commodity prices that sent stocks soaring and eased inflation concerns among investors and policy makers alike.
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Richard Drew/Associated Press

A television screen on the floor of the New York Stock Exchange announced Tuesday’s decision by the […]

ROUGHLY one year ago, I began weighing in on the turmoil in the subprime mortgage market and the resulting tremors in the financial sector — and I did some research.
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Philip Anderson

Hmmm. New housing construction was very roughly 3.5 percent of the economy. Hmmm. Mortgages were roughly $12 […]

JAKARTA, Indonesia — While prices have been rising in the United States and Europe, the biggest increases are being felt in Asia, and countries like India and Vietnam are already having to deal with double-digit inflation.
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Wall Street finished sharply higher Tuesday as oil prices dropped for a second day and the Federal Reserve hinted at more help for the ailing financial system. The Dow Jones industrials gained more than 150 points, and all the major indexes were up more than 1 percent.
Crude prices tumbled $5.33 to settle at $136.04 a […]

DETROIT — Like a gas-thirsty S.U.V. crawling to the pump, General Motors needs to fill up fast with cash.
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Despite a broad overhaul since 2006, the nation’s largest automaker may soon have to raise new operating capital to offset a steep decline in United […]