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Breaking News

Estranged brother-in-law of actress Jennifer Hudson arrested and will be charged with murders of three relatives  6:05pm EST

Today on Reuters 

Traders work on the floor of the New York Stock Exchange, December 1, 2008.

Recession "official" 6:01pm ET

The U.S. economy slipped into recession a year ago, according to the nation's business cycle arbiter.  Full Article | Full Coverage 

Dire view of economy sinks stocks
New lending programs in the works
Factbox: U.S. recessions since 1923
Bernanke: U.S. must act with vigor
The Verdict: Analysts on Bernanke
Traders work on the floor of the New York Stock Exchange, December 1, 2008.

Recession "official" 6:01pm ET

The U.S. economy slipped into recession a year ago, according to the nation's business cycle arbiter.  Full Article | Full Coverage 

Dire view of economy sinks stocks
New lending programs in the works
Factbox: U.S. recessions since 1923
Bernanke: U.S. must act with vigor
The Verdict: Analysts on Bernanke
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 4:30pm ET

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

Analysis: Defense policy under Gates
Scenarios: Homeland Security issues
A path far from Bush unilateralism
How women see Clinton appointment
Slideshow: The odd couple

Top News

the day ahead: tuesday

A row of Volvo cars await shipment outside the main factory in Gothenburg, Sweden, September 23, 2008. REUTERS/Bob Strong
Auto slump seen rolling on

Undercut by tight credit and a weak economy, November U.S. auto sales are expected to have dropped by some 30 percent from a year earlier.  Factbox 

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 47.53 -12.54% 01 Dec 2008 16:59 EST
Gold 774.6 -5.22% 30 Nov 2008 19:00 EST
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

View Slideshow 
View Slideshow View SlideshowSlideshow  
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

Play Video Play VideoVideo 
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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