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Crisis on world stage (12 October 06:34) |
| World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.
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Gas down almost 6 cents, nearing $3 (11 October 06:27) |
| Gasoline prices fell nearly 6 cents a gallon, coming within 30 cents of $3, according to a daily survey of credit card swipes.
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U.S. planning to buy bank stocks (11 October 07:20) |
| Treasury Secretary Henry Paulson said on Friday that the U.S. government was working on a plan to buy stock in financial institutions by using part of the $700 billion authorized by Congress... |
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G-7: 'Urgent action' needed (11 October 06:18) |
| Finance ministers from the world's top economies pledged Friday to work together to stabilize global financial markets, but did not provide concrete plans to address the credit chaos sweepin... |
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Local banks fail in Illinois, Michigan (11 October 05:23) |
| Two regional banks were closed by state regulators Friday as the downturn in the housing market continues to strain local lenders.
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FDIC limit officially raised to $250,000 (11 October 03:51) |
| Read full story for latest details.
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Bull vs. Bear: Looking for bottom (11 October 01:53) |
| Is it safe? Forgive the "Marathon Man" reference, but the past few weeks have certainly been the financial equivalent of Dustin Hoffman getting tortured by the sadistic dentist.
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Bush appeals for confidence (11 October 01:51) |
| President Bush on Friday encouraged the American people to have confidence in the economy during a "deeply unsettling period."
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House Dems plan second stimulus package (10 October 11:45) |
| House Democratic leaders are putting together a second economic stimulus package costing as much as $150 billion and are likely to call Congress back shortly after the election to vote on th... |
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The meltdown's silver lining - cheap oil (10 October 11:20) |
| As the world loses confidence in the foundations of its economic system, the silver lining may be that oil prices are about to get a whole lot cheaper.
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All eyes turn to world leaders (10 October 10:29) |
| The Federal Reserve and Treasury Department haven't been able to stop the panic gripping U.S. financial markets.
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Lehman collapse puts hedge fund in dire straits (10 October 09:45) |
| September was arguably the worst month in hedge fund history, as unprecedented volatility in the capital markets forced once-mighty investment managers to book losses that had been thought u... |
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How women are redefining power (10 October 07:17) |
| Not long ago, in a workshop with a group of senior executives, coach Lois Frankel tried a little experiment.
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Senate passes bailout (02 October 07:06) |
| The Senate on Wednesday night passed a sweeping and controversial financial bailout bill similar in key ways to one rejected by the House just two days earlier.
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The accounting rule you should care about (02 October 06:05) |
| It's easy to understand why the proposal to spend $700 billion in taxpayer money to rescue banks would inspire impassioned debate in Washington.
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Rescue bill redux (01 October 10:07) |
| The core of the Senate financial rescue bill is the Bush administration's plan to buy troubled assets from banks, but the proposal includes a number of new provisions aimed at Main Street, a... |
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Stronger dollar? Believe it. (01 October 10:02) |
| Stocks and bonds have been whipsawed the past few days as investors try and figure out whether a financial bailout plan will be salvaged and what that will mean for the U.S. economy.
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Time to bet on an oil crunch (01 October 09:43) |
| Back in May, when oil was at $129 per barrel and rising, billionaire investor Richard Rainwater did something as prescient as it was shocking: He sold off all the energy stocks he owned.
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600,000 jobs lost - and counting (01 October 09:42) |
| Job losses have been mounting, and the slowing economy and credit crunch is likely to take an even greater toll in the coming months.
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Manufacturing index tumbles (01 October 08:58) |
| A key measure of the nation's manufacturing activity fell in September to a nearly seven-year low, nearing a benchmark that indicates a recession, a purchasing manager's group said Wednesday... |
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Bailout: Senate to vote Wednesday (01 October 08:24) |
| The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening - two days after the House failed to pass it.
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Good month for construction (01 October 08:16) |
| Read full story for latest details.
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Mortgage applications plunge (01 October 05:59) |
| In yet another sign of the economic crisis, the Mortgage Bankers Association said Wednesday that mortgage applications plunged 23% last week.
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More job cuts loom as economy slows (01 October 05:10) |
| The number of job cuts announced in September rose as the economy slowed, according to a report released Wednesday.
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No bailout? Here's Plan B (01 October 03:16) |
| A day after the House's surprise defeat of a $700 billion financial rescue bill, talk is growing louder about alternative government steps that could help battered credit markets and stave o... |
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FDIC wants to boost deposit limits (01 October 04:31) |
| The federal agency that guarantees bank deposits is asking Congress for temporary authority to raise the limit on the amount of money it insures for individual bank accounts.
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Dollar gains ground (01 October 02:58) |
| The U.S. dollar rallied against major currencies Tuesday as investors appeared confident that Washington would be able to push through its massive bailout package.
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The economy's 3 vicious cycles (30 September 07:14) |
| The global financial tumult is so broad and deep that it's almost too big to grasp, so here's a way to think about it. Every financial crisis involves at least one vicious circle, a process ... |
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Buffett warns Congress (28 September 09:12) |
| Legendary investor Warren Buffett warned Congressional leaders Saturday night of "the biggest financial meltdown in American history" if they did not act to secure the financial system.
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Credit freeze and your paycheck (28 September 09:05) |
| Is it even harder now for businesses to get credit from banks? No question.
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Main Street turns against Wall Street (28 September 08:33) |
| In one frenzied month Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke remade Wall Street. Along the way they may also have recast American politics. A month of his... |
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Rescue plan emerging (28 September 07:45) |
| Congress worked Sunday to finalize a $700 billion bailout of the financial system after lawmakers and Bush administration officials announced shortly after midnight that they had reached a t... |
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Gas prices down 11% from high (28 September 06:33) |
| Gas prices dropped for their eleventh day in a row, bringing their total decline to about 20 cents over the period, according to a nationwide survey of credit card swipes at gasoline station... |
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Accord on rescue plan (28 September 06:15) |
| Congressional leaders said shortly after midnight that they had reached a tentative deal over the White House's proposed $700 billion bailout of the financial system.
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Key lawmakers revive rescue talks (28 September 02:49) |
| Negotiators from Capitol Hill and the Bush administration - after working well past midnight - resumed talks Saturday afternoon over a proposed $700 billion bailout of the financial system.
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Senate passes $634B spending bill (28 September 12:14) |
| Read full story for latest details.
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SEC scraps bank oversight program (27 September 10:07) |
| Read full story for latest details.
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Gas shortages: get ready for more (27 September 07:35) |
| While Congress and Bush administration officials have been working to complete a bailout plan and stem the financial contagion on Wall Street, a different kind of economic crisis emerged acr... |
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Gas prices fall for 10th straight day (27 September 07:27) |
| Gas prices fell for their 10th straight day, dropping almost 19 cents during the period, according to a nationwide survey of credit card swipes at gas stations.
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Bailout talks carry on (27 September 04:57) |
| Capitol Hill negotiators spent Friday working on details of a $700 billion financial rescue plan while President Bush and leading lawmakers offered assurances that Congress and the administr... |
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Wachovia-Citi talking: Report (27 September 03:38) |
| Wachovia has entered preliminary merger talks with Citigroup, according to a report published Friday afternoon.
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Hopes grow for emergency rate cut (27 September 12:53) |
| The Federal Reserve could be prompted to make an emergency interest rate cut in the next few days in an attempt to boost confidence in the battered banking sector.
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Senate Republicans block stimulus bill (26 September 11:33) |
| Read full story for latest details.
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Card companies jacking up rates (26 September 09:42) |
| When John Dykstra got his September credit card bill from Advanta, a small-business card issuer, he was shocked: Dykstra says he has a good credit score and has never missed a payment, but h... |
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Don't bet on a bailout payday (26 September 07:39) |
| Bill Gross says taxpayers could make money on the financial-sector rescue package moving in fits and starts through Congress. He doesn't have much company, though.
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The bailout: What's at stake (26 September 05:33) |
| First, the good news: Even if warnings of economic catastrophe aren't enough to win approval of a controversial $700 billion Wall Street bailout, the economy is not at risk of falling into a... |
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Gas: 10% down from July high (26 September 04:52) |
| Gas prices dropped for the ninth day in a row, bringing the total decline to nearly 17 cents over that time period, according to a nationwide survey of credit card swipes at gasoline station... |
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Credit crunch: Putting lipstick on a pig (13 September 10:28) |
| If nothing else, we've learned recently that if you put lipstick on a pig, it's still a pig. Presumably that has always been true - unless of course the pig in question was a subprime mortga... |
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Gas prices rise as Ike hits Texas (13 September 08:59) |
| Gas prices rose for the fourth straight day as Hurricane Ike slammed the Texas Gulf Coast early Saturday morning.
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Nearly 1/4 of U.S. fuel production shuts down (13 September 02:03) |
| Nearly a quarter of U.S. fuel production had been shut down due to the approach of Hurricane Ike, according to a government assessment released Friday.
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