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Fed Dampens Outlook for 2008. Leaders of the Federal Reserve expect the U.S. economy to slow in 2008 and believe there are higher-than-usual risks that the economy will perform worse than they forecast.

That's Rich -- but Maybe Not for Someone Else. Who's rich? Who's middle class? How can you tell the difference? By the "upper class," do we mean the yacht-club set, the ascot-wearing folks with the Thurston Howell III lockjaw diction and the monogrammed jodhpurs? Or does the upper class include all those harried, two-income suburban families who..

Lending Outlook Expected to Color Fed's Rate Decision. With their interest-rate decision today, Chairman Ben S. Bernanke and his colleagues at the Federal Reserve will convey just how worried they are that banks and other financial institutions are putting the economy at risk by hoarding cash.

Fed Cuts Key Interest Rate By Quarter Point; Stocks Fall. The Federal Reserve cut a short-term interest rate yesterday to try to keep problems in the housing and mortgage markets from dragging the nation into recession, but Wall Street judged the move as too timid and financial markets tanked.

Inflation Jumps on Fuel, Energy Costs. Consumer prices increased by their fastest pace in more than two years in November, cutting into wages and raising the likelihood that the Federal Reserve will hold off on further interest rate cuts even as the economy slows.

Summers Criticizes Handling of Crises. President Bush and the Federal Reserve aren't taking aggressive enough action to prevent a recession, former Treasury secretary Lawrence H. Summers said yesterday, as Democrats ramped up their attacks on the administration's handling of the housing downturn and credit crises.

Bush Is Upbeat About Economy's Prospects. The White House is betting that the steps it has taken to address the housing and financial crises will be enough to avert a recession without resorting to a major tax cut or new spending, as leading economists in both parties have urged, senior administration officials said.

Stock Market Shows Resilience In a Year of Economic Turmoil. NEW YORK, Dec. 31 -- After a year of stomach-churning swings, U.S. stocks managed to finish 2007 with a modest gain despite a worsening credit crunch and concerns about an economy possibly headed for recession.

President Considers A Boost to Economy. With the price of oil hovering near $100 a barrel and overall economic anxiety on the rise, President Bush said yesterday that he may use his upcoming State of the Union address to propose a stimulus package intended to promote growth and shore up weak parts of the economy.

Another Gloomy Day on Wall St. Shares of Countrywide Financial, the nation's largest mortgage lender, plummeted yesterday on rumors, which the company denied, that it was contemplating a bankruptcy filing. The drop came on yet another bad day for the stock market, which has been off to a terrible start for 2008.

U.S. Concern Over Economy Is Highest in Years. Public views of the national economy are now more negative than at any point in nearly 15 years, and few people believe that the kind of stimulus plan being devised by President Bush and Congress is enough to stave off or soften a recession, according to a new Washington Post-ABC News poll.

More Banks Stiffen Rules, Fed Finds. Many U.S. banks have made it harder for creditworthy borrowers to obtain a mortgage, according to a Federal Reserve survey released yesterday that underscored the spread of the credit crisis.

A Great Debate Over the Price Of a Pair of Honduran Socks. The humble cotton sock has become the center of an international trade dispute.

Downturn Shows Up on Main Street. The stock market plummeted yesterday after a report that businesses that account for a vast portion of the U.S. economy are shrinking.

Congress Approves Stimulus Package. Congress gave overwhelming final approval last night to legislation that would send government payments to most American households and grant tax incentives for business investment, sending President Bush a $152 billion stimulus plan for the faltering U.S. economy.

Consumers in the Driver's Seat. NEW YORK I must write this quickly, as a team of great doctors and nurses at NewYork-Presbyterian Hospital is waiting to rush me into kidney dialysis. It's no biggie -- just a continuation of life, another way of keeping me healthy to have my say.

Bernanke Calls for Action to Prevent Foreclosures. Federal Reserve Chairman Ben S. Bernanke today said the crush of mortgage foreclosures is likely to continue for "a while longer" and urged lenders to move more aggressively to reduce the amount owed by many of the borrowers at risk of losing their homes.

Forecasts for Crude Oil Rise to $105 on New Trading High. Just three years ago, Goldman Sachs shocked the investing world by sharply raising its oil price forecast for 2005 to an average of $50 a barrel. Two months ago, the investment bank predicted that oil prices would average $95 a barrel in 2008.

A Foreign Air Raid? Congressional leaders and union officials are calling on the Pentagon to reconsider its decision to award one of the biggest U.S. military aircraft contracts to a team that includes a European company, saying it puts U.S. jobs and security at risk.

Bush Attends to Foreign Policy Issues. President Bush sought to cope with foreign policy crises on multiple fronts yesterday, reaching out to the president-elect of Russia for the first time and seizing on military tensions in Latin America to renew his quest for congressional approval of a free-trade pact with Colombia.

Merits of New Mortgage Aid Are Debated. The U.S. Treasury said yesterday that its mortgage-assistance initiative helped 45,000 distressed subprime homeowners get new loans in its first month, but a veteran mortgage banker who helps run the program said many of them may not receive long-term relief and could ultimately face higher total..

Six Flags Agrees To Help Build Park in Dubai. Six Flags, the struggling amusement-park chain controlled by Washington Redskins owner Daniel Snyder, said yesterday that it is teaming up with a Dubai developer to build a theme park in the Arab emirate as part of a huge entertainment complex.

Even in Victory, Clinton Team Is Battling Itself. For the bruised and bitter staff around Sen. Hillary Rodham Clinton, Tuesday's death-defying victories in the Democratic presidential primaries in Ohio and Texas proved sweet indeed. They savored their wins yesterday, plotted their next steps and indulged in a moment of optimism. "She won't be..

Bernanke Wants Banks To Rework Mortgages. Federal Reserve Chairman Ben S. Bernanke yesterday called on mortgage lenders to be more willing to renegotiate with borrowers who are at risk of losing their homes and said that the crush of mortgage foreclosures is likely to continue "for a while longer.".

Yahoo Plays for Time In Bid to Resist Microsoft. Yahoo said yesterday that it postponed the deadline for nominating directors, seeking time to try to fend off a $44.6 billion takeover bid from Microsoft.

Tribute to the Lost Border Heroes. The blue stone, bearing the names of the fallen, glistened in the steady rain as an honor guard marched across the plaza of the National Law Enforcement Officers Memorial.

Russia Pumps Tens of Millions Into Burnishing Image Abroad. MOSCOW -- In early 2004, when Svetlana Mironyuk became director general of the Russian news and information agency RIA Novosti, she discovered that the descendant of the Soviet Union's global propaganda machine was dying on its feet.

Spending, inflation data to hit Wall St.. Wall Street will face a slew of data this week: on Americans spending, inflation at the producer level, home sales and manufacturing.

China firms urged to heed share market. Chinas stock regulator has warned companies against "malicious money grabbing," urging them to take investor demand into account when drawing up plans for raising funds through share offerings.

Nasdaq Wants Piece Of Amex's Lucrative SPAC Market. Investor's Business Daily - At this time last year, the Nasdaq was the happening place for a new company to come out. The exchange greeted 22 initial public offerings in January and February 2007, while the NYSE and Amex both saw new entrants in the single digits.

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Choosing a good financial recruitment agency

Choosing a good financial recruitment agency

If you are looking for a job in banking, or a financial career of any sort you will know there is a lot of competition out there. In 2007 a lot of big banks have cut back on top recruitment of top level staff, an effect that has filtered down to all steps on financial career ladder. However there's still jobs available for the right candidat ...