Oil hovers around $90 as financial woes spread

Oil prices briefly fell to an eight-month low below $90 a barrel Monday on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil.

Flu deaths linked to staph infections

More children have died from flu because they also had staph infections, according to a new government report that urges parents to have their kids get the flu shot.

Economists getting gloomier about outlook

In its official forecast released Monday, the National Association of Business Economists said they expect the U.S. economy to come to a halt in the fourth quarter, showing no growth in the last...

Dow dips below 10,000, a first since Oct. 2004

Wall Street tumbled Monday, joining a selloff around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and other...

Treasury, Fed pledge rapid response to crisis

The president’s top economic advisers are pledging to work with their counterparts around the world to restore confidence and stability to financial markets.