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Today on Reuters 

President-elect Barack Obama makes a speech on the economy at George Mason University in Fairfax, Virginia, January 8, 2009. REUTERS/Jim Young

Bold action needed 1:30pm ET

Barack Obama warned of a lengthy recession without decisive action, proposing a $1,000 tax cut for working families and improving energy efficiency in millions of homes.  Full Article | Video 

Factbox: Stimulus with biggest return
Factbox: Business tax cuts sought
Scenarios: What's at stake with deficit
Global economic woes deepen
President-elect Barack Obama makes a speech on the economy at George Mason University in Fairfax, Virginia, January 8, 2009. REUTERS/Jim Young

Bold action needed 1:30pm ET

Barack Obama warned of a lengthy recession without decisive action, proposing a $1,000 tax cut for working families and improving energy efficiency in millions of homes.  Full Article | Video 

Factbox: Stimulus with biggest return
Factbox: Business tax cuts sought
Scenarios: What's at stake with deficit
Global economic woes deepen
A customer shops at a Wal-Mart Supercenter in Rogers, Arkansas June 5, 2008. REUTERS/Jessica Rinaldi

Wal-Mart disappoints 9:20am ET

Shares of Wal-Mart fell 7 percent in premarket trading after the company reported disappointing December sales and lowered its quarterly forecast, despite being the preferred recession shopping destination.  Full Article | Full Coverage 

Morning Call: Losses at the open
Sears same-store sales fall
Costco's sales drop 4 percent

Top News

investing

An NYSE is seen over the trading floor of the New York Stock Exchange, October 3, 2008. REUTERS/Brendan McDermid
HSBC's best bets in 2009

HSBC says U.S. stocks are the best bets in 2009 due to the healthy profits some U.S. firms had made over the past two years, though a big sell-off was possible through March.  Full Article 

Diana Furchtgott-Roth
The $300 billion tax cut: Let’s do it right
Diana Furchtgott-Roth

President-elect Obama announced on January 8 that he is planning to use $300 billion of his $700 billion two-year stimulus package for tax cuts—but we should not celebrate too soon.  Commentary 

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Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 47.22 -3.07% 08 Jan 2009 13:26 EST
Gold 854.6 +1.61% 08 Jan 2009 13:36 EST
Blogs: Environment
Topics: AIDS, Post-Traumatic Stress Disorder
Blogs: Soccer
Gasoline prices are advertised at a gas station near Lindbergh Field as a plane approaches to land in San Diego, California June 1, 2008.
Year in Review 2008

Our picks and yours of the top stories, pictures and videos of the year.  Full Coverage | Slideshow 

Two Sansa slotMusic Players are seen against a background of music available for the player at the SanDisk booth at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada January 7, 2009. REUTERS/Rick Wilking
CES 2009

Get live updates on new gadgets and insights on technology trends for 2009 from the Consumer Electronics Show in Las Vegas.  Full Coverage 

Bernd Debusmann
Pakistan, Mexico and U.S. nightmares

What do Pakistan and Mexico have in common? They figure in the worries of U.S. military planners trying to identify the next big threats, writes columnist Bernd Debusmann.  Commentary 

Pictures

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A Bush ally Down Under
12:35pm EST 
A look back at the relationship between President George W. Bush and former Australian Prime Minister John Howard.
More Pictures...

Video

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Israel accused by Red Cross

Jan 8 - The ICRC says Israel held up ambulances for days while starving children waited for help beside the bodies of their dead mothers.  Play Video

 
Papal Gaza 'concentration camp' row
Resolving the Russia Ukraine gas row
More Video...

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