slump

The Federal Reserve said it was not likely to raise interest rates until the end of 2014, adding 18 months to the expected duration of its response to the slump.

The World Bank warned Wednesday of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.

Speculators increased wagers on rising commodity prices by the most since August 2010 on signs that sustained economic growth will drive a rebound in raw materials from their first annual slump since the recession.

As European banks pull back on lending, companies around the globe are finding it harder to borrow, edging the world economy toward another slump.

Russia's second-largest oil producer Lukoil said Friday that its third-quarter profit dropped 20 percent because of higher taxes and a slump in the ruble.

Nov. 21 -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today.

Japan's economy surged 6 percent in the latest quarter in a bounce back from the earthquake and tsunami disaster that is unlikely to be sustained amid headwinds from Europe's debt crisis.

The flailing housing market has yet to show major signs of recovery, which is bad news for today's home sellers.

But even worse, the slump could permanently reduce the net wealth of an entire generation.

U.S. stocks rebounded Wednesday after a steep two-day drop as international leaders scrambled to save a week-old plan to prevent a financial crisis in Europe.