Reuters - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall on Wednesday.
Reuters - Federal Reserve Chairman Ben Bernanke said on Wednesday that turmoil in credit markets poses a "significant threat" to the U.S. economy, suggesting more interest-rate cuts could be coming to help stave off a deep downturn.
Reuters - Economic activity weakened across the United States in September as businesses revised capital investments, consumers curtailed spending and the general outlook darkened, the Federal Reserve said on Wednesday.
Reuters - Online auction leader EBay Inc gave a disappointing forecast and said it was suffering from a consumer spending slowdown that would drag on into 2009, sending its shares down more than 5 percent.
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