NEW YORK (Reuters) - Turmoil in credit markets poses a "significant threat" to the U.S. economy, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting an openness to further interest-rate cuts.
NEW YORK (Reuters) - Stocks extended losses in afternoon trading on Wednesday, after the Federal Reserve said economic activity weakened across the United States in September as businesses rethought capital investments, and consumers curtailed spending.
WASHINGTON (Reuters) - Economic activity weakened across the United States in September as businesses rethought capital investments, consumers curtailed spending and the general outlook darkened, the Federal Reserve said on Wednesday.
WASHINGTON (Reuters) - Retail sales last month dropped the most in more than three years while a measure of New York state manufacturing hit its lowest since the index started in 2001, intensifying recession fears.
SAN FRANCISCO (Reuters) - Shares of eBay Inc fell as much as 11 percent on Wednesday on fears that a global recession would take a heavier toll on its online auctions business.
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