MOSCOW: The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price crash and Western sanctions bite.
Purchases of previously owned U.S. homes dropped more than forecast in November as residential real estate struggles to sustain its recovery even as borrowing costs remain low.
MEMPHIS - Donner Pass, the icy stretch of road that cuts through the Sierra Nevada mountains, is 2,000 miles away from FedEx's world hub in Memphis.
Gas prices are now below $2 per gallon at a number of gas stations across metro Detroit, leaving more cash in consumer's hands during the final days of shopping before Christmas.
NEW YORK (Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.