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Today on Reuters 

The hands of U.S. President-elect Barack Obama are seen as he speaks to the media following a meeting with members of his future cabinet and economic advisors at his transition office in Washington January 6, 2009. REUTERS/Jason Reed

Obama sees deficit topping $1 trillion 6:22am ET

President-elect Barack Obama says he expects to inherit a budget deficit approaching $1 trillion and his administration would have to make some tough choices.  Full Article 

Budget projections to be released
Gates sees $70 billion for war costs
No instant gratification in stimulus
Full Coverage: The Economy
The hands of U.S. President-elect Barack Obama are seen as he speaks to the media following a meeting with members of his future cabinet and economic advisors at his transition office in Washington January 6, 2009. REUTERS/Jason Reed

Obama sees deficit topping $1 trillion 6:22am ET

President-elect Barack Obama says he expects to inherit a budget deficit approaching $1 trillion and his administration would have to make some tough choices.  Full Article 

Budget projections to be released
Gates sees $70 billion for war costs
No instant gratification in stimulus
Full Coverage: The Economy
A Palestinian holds his grandson at a U.N. school after they fled their house during Israel's offensive in Gaza Januaas sry 7, 2009. REUTERS/Suhaib Salem

France says Israel accepts truce plan 8:29am ET

French President Nicolas Sarkozy said Israel and the Palestinian Authority have accepted an Egypt-brokered truce plan for Gaza.  Full Article 

Timeline: Israeli-Hamas violence
Factbox: Hamas's arsenal of rockets
Video: Gazans pay high price
Clout, politics behind Turkish moves

before the bell

Traders work on the floor of the New York Stock Exchange, January 6, 2009. REUTERS/Brendan McDermid
Worries mount

Job cuts at Alcoa cast a grim outlook over the market. Investors look to results from Family Dollar, Monsanto and Bed Bath & Beyond. Morning Call: Losses at the open   Full Article | Video 

Breaking News

Time Warner now expects to incur a net loss for 2008; shares fall 9.8 percent  8:42am EST

Economy

Bob Doll speaks at the Reuters Investment Summit in New York December 8, 2008. REUTERS/Brendan McDermid
2009 stocks gains seen

The U.S. stock market will gain between 7 percent and 12 percent in 2009, despite an economy that will continue shrinking for at least the first half of the year, BlackRock's Robert Doll says.  Full Article 

James Saft
UK banks suffer from Darwinism
James Saft

Britain's banks are fulfilling their Darwinian role, to survive, rather than their economic one, to lend, and there is no easy or painless way out.  Commentary 

to

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 53.28 +0.02% 07 Jan 2009 08:42 EST
Gold 864.9 -0.08% 07 Jan 2009 08:52 EST
Blogs: Environment
Topics: AIDS, Post-Traumatic Stress Disorder
Blogs: Soccer
Trader Gregg Russo works on the floor of the New York Stock ExchangeSlideshowSlideshow 
Year in Business

A look back at the memorable moments from 2008 in the world of finance.  Slideshow 

Signs marking the entrance to Wall Street are seen in New York October 6, 2008.
Crisis in Credit

Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map.  Full Coverage 

A combination of sale signs displayed in shop windows on the last weekend before Christmas on London's Oxford Street
Signs of the Times

The global recession manifests itself in big and small ways, most gloomy, some quirky and often reflecting the inventive human spirit.   Factbox 

Send us your signs of the times

Pictures

View Slideshow 
View Slideshow View SlideshowSlideshow  
Obama in transition
8:05am EST 
With less than two weeks left before he takes office, a portrait of a man in transition.
More Pictures...

Video

Play Video Play VideoVideo 
Israel may consider peace plan

Jan 7 - Israel's Ambassador to the UN says Egyptian proposals for an initial truce have not been ruled out.  Play Video

 
Europe getting no gas via Ukraine
UN takes on Gaza
More Video...

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