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Dow plunges 680 points
Dow plunges 680 points
6:22pm: Stocks slump as U.S. recession is officially called and signs point to a prolonged slowdown. more
Oil drops below $50
3:13pm: Contract ends at 3-1/2 year low. Investors on hold as OPEC decides to wait until Dec. 17 meeting in Algeria to determine output levels. more
Dollar mired in economic woes
3:33pm: The greenback gains on the euro and the British pound, but falls against the Japanese yen, as the U.S. economy is declared to be in a recession. more
Investing Strategy
Black Friday, Blue Christmas
Retailers enjoyed better sales over the weekend than expected. But few believe the good news will last and some fear a wave of bankruptcies ahead. more
Cheap is the new black for retail
With consumers pulling back, it's not surprising that the retail stocks that have done well in 2008 are mostly discounters. But will this trend continue? more
Beware the Obama stimulus bubble
Construction stocks have surged since the election on hopes of increased infrastructure spending. But some stocks have run up too much. more
Commentary
Consumers get their bailout...sort of
by Paul LaMonica
The $800 billion plan to get banks to make more loans may work but it won't help struggling homeowners. And some worry that more debt is the wrong solution. more
Summers a smart choice
The former treasury secretary was one step ahead of the Bush administration in prescribing solutions to the financial crisis.  more
Why Citigroup got Detroit's money
by Paul LaMonica
The government wants the Big Three to prove they are worthy of a $25 billion loan but Citigroup didn't have to twist any arms to get another $20 billion. more
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