financial meltdown

Economist Nouriel Roubini, nicknamed "Dr. Doom" for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade.

Consumers' confidence in August dropped almost 15 points to the lowest level since April 2009 as worries about the economy fueled the wildest stock market swings since the financial meltdown in 2008.

The 2010 holiday season was good for retailers in the United States as Americans are back on a shopping spree, often buying what they don’t really need, and foremost what they can’t afford unless they put themselves further in debt.

Despite the recession, consumerism is still America’s favorite addiction. But strangely enough, while consumer spending was up to a level similar than the one before the global financial meltdown of 2008, the Consumer Confidence Index fell in December, and is currently scoring at a very low 50 percent.

Citigroup, still partly owned by the government after a rescue during the financial meltdown, is giving raises to top executives that could amount to millions of dollars.

Nevada had unrealistic growth expectations before the nation's financial meltdown battered the state's tourism industry and erased billions of dollars in real estate equity, an economist told a federal commission examining the causes of the Great Recession.

From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.

The complex instruments at the heart of the financial meltdown, and the way two giant companies were wrapped around them and entwined with each other, are being examined by the special panel investigating the origins of the economic crisis.

Will the president's bill save us from another financial meltdown? Unlikely: there are still plenty of loopholes in it for bankers to exploit.

Here is a recap of the top news items from this week on Wall Street: 1. Very early on Friday morning, regulators reached an agreement on what would be included in the sweeping financial reform bill which has been a hot topic on Wall Street since the financial meltdown.

After nearly a year of work, the broad overhaul of Wall Street was cleared and will now go back to the House and Senate for a final vote.

Lawmakers have indicated that the bill could be on Obama's desk to be signed within the next couple weeks. Among numerous issues which have

Spanish Finance Minister Elena Salgado said the ministers are determined to safeguard the currency used by 16 of the EU's 27 member states, which has come under increasing pressure since the financial meltdown of one of its members, Greece.