Wed 3 Dec 2008 | 18:03 EST
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Today on Reuters 

Photo

Sad housing sector needs extra help 5:10pm ET

The lowest mortgage rates in three years are luring first-time buyers and refinancers, but falling prices and mounting unemployment will keep housing in its deepest slump since the Great Depression.  Full Article 

Obama eyeing homeowner relief
Homebuilders shrink American dream
L.A. foreclosures back up again
Full Coverage: Home Economics
Photo

Sad housing sector needs extra help 5:10pm ET

The lowest mortgage rates in three years are luring first-time buyers and refinancers, but falling prices and mounting unemployment will keep housing in its deepest slump since the Great Depression.  Full Article 

Obama eyeing homeowner relief
Homebuilders shrink American dream
L.A. foreclosures back up again
Full Coverage: Home Economics
A Ford employee assembles a Ford Edge

All options on table 4:00pm ET

All options were on the table as the automakers' proposals and an urgent appeal for $34 billion in aid were scrutinized ahead of congressional hearings.  Full Article | Full Coverage 

UAW to suspend jobs bank
Obama says plan is "more serious"
Detroit CEOs take road less traveled
Factbox: Where Washington Stands
Global automakers eye long slump

Top News

the day ahead: thursday

Shoppers walk with a loaded cart inside the Wal Mart store at Fair Lakes, Virginia on Black Friday November 28, 2008. REUTERS/Larry Downing
November sales

A full picture of retail's winners and losers in November along with jobs data will provide a read on the economy.  Factbox 

Full Coverage: Holiday Shopping
James Saft
Credit cards unkindest cut
James Saft

Government intervention or not, banks will be cutting up America's credit cards at an unprecedented rate, with grave implications for the economy and company profits.  Commentary 

to

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 45.28 -0.35% 03 Dec 2008 17:13 EST
Gold 768.5 -1.68% 02 Dec 2008 19:00 EST
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Crisis in Credit

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

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The drug war insanity

Albert Einstein defined insanity as doing the same thing repeatedly and expecting different results. It's a definition that fits the war on drugs, says columnist Bernd Debusmann.  Commentary 

Shoppers pass a window display at the high-end luxury goods maker Gucci along 5th Avenue in New York, November 19, 2008.
Holiday Shopping

Retailers and shoppers are adjusting to the impact of the financial crisis, especially during the busy holiday season. Take a closer look.  Full Coverage 

Pictures

View Slideshow 
View Slideshow View SlideshowSlideshow  
Tiny things
10:53am EST 
From miniature bonsais to ultra-micro books, a look at small things.
More Pictures...

Video

Play Video Play VideoVideo 
Obama taps Richardson for Commerce

Dec. 3 - President-elect Barack Obama has chosen New Mexico Governor Bill Richardson as his Secretary of Commerce.  Play Video

 
Zimbabwe's cholera outbreak spreads
Rice's plea after Mumbai attacks
More Video...

poll

A sales assistant displays an Apple iPhone 3G during its launch at a SingTel store in Singapore early August 22, 2008. REUTERS/Tim Chong
Which high-end smartphone are you most likely to buy this holiday season?
Apple iPhone
BlackBerry Storm
HTC G1
Other
I can't afford a smartphone
 Show Results

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