Dow 10,000 has arrived, so pop out the champagne, but be wary. Breaking the key psychological level of Dow 10,000 is one thing. Holding onto those gains is quite another.

If there’s any silver lining to a recession — albeit a thin one — it’ s that consumer prices typically go down. Make no mistake, deflation is a sign of a sick economy, but at least the net effect of cheaper prices for the basic necessities — food, clothing and shelter — helps folks get [...]

The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as rising unemployment causes more homeowners to fall behind on their mortgages. RealtyTrac spokesman Rick Sharga says it was the “worst three months of all time.”

The Social Security Administration has some tough news for seniors. In 2010, there will be no cost of living increase for Social Security recipients, the first year without one since automatic adjustments were adopted in 1975.

Goldman Sachs is the latest big bank to top Wall Street estimates, earning a profit of $5.25 a share. CEO Lloyd Blankfein says “although the world continues to face serious economic challenges, we are seeing improving conditions and evidence of stabilization, even growth, across a number of sectors.” Details to come.

Despite a better-than-expected profit report, Citigroup shares slide before the opening bell. Details to come.

U.S. inflation pressures remained modest in September even though gasoline prices edged higher.

The number of newly laid-off U.S. workers filing claims for unemployment insurance has fallen to the lowest level since early January, a sign the labor market is slowly improving.

Bank of America Corp. says it lost more
than $2 billion in the third quarter as its loan losses continued
to rise.

It’s National Boss Day and to celebrate it, DailyFinance honors three company bosses who actually earned their pay and position by guiding their companies through the financial crisis.