Reports from spending in July could mean the economy is on the rebound. The Commerce Department announced Aug. 29 that consumer spending grew 0.8 percent in July—news that will likely help ease fears of another recession. read more
New home sales fell for the third straight month in July, another sign that the housing industry remains weak and is hurting the economy. If the current pace continues, analysts predict 2011 will be the worst year for new-home sales in at least half a century. read more
The Holy Spirit is on the move in the small town of Brooksville, Fla., observers say. With the local economy in shambles, even the ever-popular Starbucks restaurant closed its doors. Yet the Rising Sun Café, owned by John and Lisa Callea, continues to buck the trend. read more
Consumers annually buy about $4.63 billion in Christian products. Christian retail sales account for more than 52 percent of these sales. That means Christian stores sell more Christian products than all the general market stores, discounters, warehouse clubs, and direct sales, according to the CBA. read more
Retailers and suppliers have welcomed a Christian Retailing initiative to promote support for and unity in the industry.
They have signed rallying point pledges committing to the ministry of Christian bookselling and helping to ensure that it continues. read more
The Dow Jones Industrial average declined 519 points, or 4.6 percent, on Wednesday. The dip marks the third time in the last five trading days that the Dow has lost more than 500 points. But now is no time to panic. So says Dave Ramsey, a nationally syndicated radio show host discussing personal finance topics. Ramsey has launched what he calls “The Great Recovery,” a grassroots movement spread by people who are tired of looking to Washington for answers. read more
The Dow Jones Industrial Average on Monday saw its worst day since Dec. 2008, with the day's final numbers dropping 600 points.
As the U.S. national debt continues its climb past $14.5 trillion, Charismatic and evangelical Christian leaders are responding from various perspectives. read more
U.S. stocks swung upward in early trading Tuesday after their worst drop since 2008.
Despite the Dow's 193-point rise, economists are still concerned the world may soon fall into a recession.
Earlier Tuesday, Asian markets plummeted a second time after briefly stabilizing. read more