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Developing Story

Analyst reaction to Bernanke's speech: "Bernanke's comments acknowledges a weak economic environment and outlook but also holds out some minor positives."

Stocks stay near session lows as Bernanke says economy remains under considerable stress  2:11pm EST

Today on Reuters 

President-elect Barack Obama introduces his national security team as Secretary of State nominee Sen. Hillary Clinton and National Security Adviser nominee retired Marine General James Jones look on during a news conference in Chicago December 1, 2008.

A team of rivals 12:37pm ET

Barack Obama named former rival Hillary Clinton as secretary of state and said Robert Gates would remain defense secretary.  Full Article | Full Coverage 

Factbox: Obama's security team
How women see Clinton appointment
Gates offers Obama stability
Scenarios: Homeland Security issues
Scenarios: Issues for Attorney General
President-elect Barack Obama introduces his national security team as Secretary of State nominee Sen. Hillary Clinton and National Security Adviser nominee retired Marine General James Jones look on during a news conference in Chicago December 1, 2008.

A team of rivals 12:37pm ET

Barack Obama named former rival Hillary Clinton as secretary of state and said Robert Gates would remain defense secretary.  Full Article | Full Coverage 

Factbox: Obama's security team
How women see Clinton appointment
Gates offers Obama stability
Scenarios: Homeland Security issues
Scenarios: Issues for Attorney General
Traders work in close quarters on the main trading floor of the New York Stock Exchange early in the trading session in New York City, November 21, 2008. REUTERS/Mike Segar

Stocks sink on worries 1:01pm ET

Stocks tumbled as signs of further deterioration in the global economy punctured last week's market enthusiasm, with financial and retail stocks among the biggest drags.  Full Article | Full Coverage 

Web retailers down on Cyber Monday
Retail stocks fall on shopping worries
NBER: Recession began Dec. 2007
Car sales slide shows crisis worse
Europe mulls spending hikes

investing

Shoppers look at toys at the KB Toys store in Concord Mills Mall to kick off Black Friday and the holiday shopping season in Concord, North Carolina November 28, 2008. REUTERS/Chris Keane
Looking for holiday cheer

Analysts are singling out retailers who offer the lowest prices as likely to benefit from consumer preferences this holiday shopping season.  Full Article 

Full Coverage: Holiday Shopping
John Kemp
Uncertainty paralyzes system
John Kemp

Even as the Fed has added liquidity and boosted bank reserves, the credit creation process has remained stalled as banks struggle to identify borrowers willing and able to repay in a wide range of future economic conditions.  Commentary 

to

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 48.96 -9.25% 01 Dec 2008 14:02 EST
Gold 774.9 -5.17% 01 Dec 2008 14:06 EST

Reuters Business Blogs

  • DealZone
  • MediaFile
  • Shoptalk
Photo
Crisis in Credit

Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map.  Full Coverage 

Photo
The case for piracy

As far as illicit businesses with low risk and high rewards go, it doesn't get much better than piracy on the high seas. Columnist Bernd Debusmann examines why.  Commentary 

Shoppers pass a window display at the high-end luxury goods maker Gucci along 5th Avenue in New York, November 19, 2008.
Holiday Shopping

Retailers and shoppers are adjusting to the impact of the financial crisis, especially during the busy holiday season. Take a closer look.  Full Coverage 

Pictures

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Odd couple
12:13pm EST 
President-elect Barack Obama announced his national security team, nominating former rival Hillary Clinton as secretary of state.
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Video

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The long wait for Congo refugees

Dec 1 - Congo refugees depend on U.N. handouts while fighting continues around them, despite peace agreement.  Play Video

 
Indian stars hold Mumbai vigil
Police targeted in Iraq bombings
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