Jan 6th, 2009 · The auto industry continues to take a beating as U.S. sales plummeted 18 percent last year and General Motors recorded its worst year in sales in nearly 50 years. And the worst isn't over: Consulting firm IHS Global Insight predicts U.S. sales will dip further with the sagging economy.
Nov 20th, 2008 · As central banks continue to slash interest rates almost to zero, prices can plummet. It creates a liquidity trap, as it did in the 1930s and in Japan during the 1990s. Harvard economist Kenneth Rogoff outlines what deflation could mean for modern America.
Nov 7th, 2008 · Every investor dreads margin calls. It's what happens when people borrow heavily against their assets and then see their value plummet, forcing them to sell part of their holdings to pay their lenders. When the market plunged in October, a lot of corporate executives lost chunks of their fortunes to margin calls. But the impact on the economy as a whole is even more devastating.
Nov 4th, 2008 · The U.S. auto industry reported sales numbers for the month of October Monday. Automakers sold 32 percent fewer vehicles than the same month last year. That was the worst performance since 1991. .
Oct 24th, 2008 · It was shaping up to be a Black Friday on Wall Street as the prospect of a global recession moved closer to reality and investors around the world responded by selling big. The Dow Jones industrial average fell more than 400 points shortly after the opening bell.
Oct 3rd, 2008 · For decades, Ford's F-series pickup truck was the best selling vehicle in the country. But this year, high fuel costs and battered economy have caused pickup sales to plummet. Now, Ford has a new more fuel efficient version of its popular truck. Frank Morris reports for member station KCUR.
Sep 29th, 2008 · The House failed to pass a $700 billion emergency rescue plan for the financial sector on Monday, causing the Dow Jones industrial average to plummet at one point more than 700 points amid continued uncertainty. It's unclear if the measure will come up for a second vote on Monday.
Sep 18th, 2008 · Wall Street is keeping a close eye on the hour-by-hour fortunes of investment bank Morgan Stanley. The company has been considering a merger with Wachovia Bank, but HSBC Holdings and China's CITIC Group are showing interest as well. Meanwhile, Goldman Sachs, has seen its stock plummet, even after announcing better-than-expected earnings this week.