Nigel Gault

Latest Nigel Gault Items
  • Stocks surge over eurozone rescue plan

    Wall Street surged Thursday to multiyear highs after the European Central Bank provided more information about an unlimited bond-buying program that could save troubled countries from leaving the eurozone, possibly preventing another global recession from reaching the U.S.


  • A job seeker looks at a bulletin at the Texas Workforce Commission's Workforce Solutions of Greater Dallas job resource center in Richardson, Texas, on July 5, 2011. (Associated Press)

    Jobs numbers underscore dilemma over agreement

    The economy's sudden downshift in growth and employment in recent weeks has increased the urgency for President Obama and Congress to reach a debt-reduction deal at the same time it has made their task more difficult.


  • **FILE** In a Dec. 6 photo, a man with a Santa cap looks up at a marquee with high gas prices at a Shell gas station in San Francisco. (Associated Press)

    Inflation makes comeback as prices rise for food, fuel

    Inflation is making a quick comeback after touching the lowest levels in decades last fall.


  • **FILE** In this photo from July 21, 2010, a "bank owned" sign is seen on a home that is listed as a foreclosure on a HUD website, in Hawthorne, Calif. Nearly half of the homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. (Associated Press)

    Sales of existing homes plunge

    Sales of existing homes plummeted 27.2 percent to a 15-year low last month despite record-low mortgage rates, shocking markets and heightening worries that housing's steep slide will drag the rest of the economy back into recession.


  • "Meet the Press" host David Gregory (left) on Sunday interviews former Federal Reserve Chairman Alan Greenspan, who said he thinks the economy is in a modest recovery, but added that right now there's a "pause" in that recovery, so it feels like a "quasi-recession." (NBC via Associated Press)

    Consumers find thrift, but lose fast recovery

    The deep recession and widespread joblessness appear to have taught Americans an important lesson about living within their means and setting aside more money for economic emergencies.


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