Archive for July 10th, 2008

Teenagers are finding jobs much harder to come by this summer, as employers trim payrolls amid a slumping economy.

Stocks were mixed Thursday afternoon as investors scooped up technology and other shares hit in Wednesday's big selloff. But the advance was tempered by worries about rising oil prices and the latest financial sector woes.

Oil prices climbed on Thursday as turbulence in Iran threatened the supply of Middle East oil but retail gas prices eased off their record highs.

Only weeks after moving into their first home in 2006, Margarita Rios celebrated Christmas with her two daughters and their families. They finally had the room to do it right, with decorations outside the Valley Stream, N.Y., house and a nice tree surrounded by presents inside.

On a hot summer day, there's a distinct smell around the remote, northern town of Fort McMurray, Canada. You might think it's the oil being processed at nearby plants. But most residents will tell you it's the smell of money.

Read full story for latest details.

Read full story for latest details.

Shares of Fannie Mae and Freddie Mae tumbled again Thursday on a report that government officials have begun planning for a possible collapse of the mortgage finance giants.

A tech rally boosted the Nasdaq near midday Thursday and helped the broader market hang on to slim gains, but any advance was at the mercy of more financial market woes and rising oil prices.

For Martin Eberhard, there were many obstacles on the path to building the ultimate electric sports car. There was the scientific challenge of creating a lithium ion battery pack stable enough to power a 2,650-pound vehicle. There was the belief that Americans would stick with their gas-guzzlers, no matter what the price of oil. And there was, of course, the considerable resistance in the venture capital community to funding heavy industry.