As more and more employers reduce or eliminate matches to 401(k)s to save money, the question arises: What's the likelihood that they'll bring them back?
Wall Street fell Monday as investors awaited a flurry of corporate earnings reports and awaited economic readings that could provide insight into the direction of the economy.
In an economic roundtable with homeowners, President Barack Obama said Thursday the government's efforts to drive down interest rates have fueled a surge in mortgage refinancing - putting money into many homeowners' pockets during the current crisis.
The U.S. trade deficit plunged unexpectedly in February as the recession pushed imports down for a seventh straight month while exports rebounded a bit.
Commercial banks and investment firms scaled back borrowing over the past week from the Federal Reserve's emergency lending program, a hopeful sign that some credit stresses are easing.
New jobless claims fell more than expected last week but are stuck at elevated levels, while the number of people continuing to receive unemployment insurance approached 6 million, setting a record for the 10th straight week.
Wells Fargo & Co. surprised the markets Thursday morning in a good way, predicting record profits for the first quarter and reaffirming strong support for its Dec. 31 purchase of Wachovia Corp.
The economy's steep plunge appears to be ending, a top presidential adviser said Thursday, but he refused to predict how high the unemployment rate will rise before a sustainable recovery begins.
