WASHINGTON - The U.S. job market proved resilient in December despite fears that the economy would tumble over the fiscal cliff. The Labor Department reports employers added 155,000 jobs, roughly matching the solid but unspectacular monthly pace of the past two years. The gains were not enough to reduce unemployment... more »
NEW YORK - The Dow Jones industrial average has plunged more than 500 points as investors sell stocks with abandon.
Financial markets in the United States and around the globe are down sharply on fears of a recession.
One financial indicator after another shows that investors are losing... more »