|
|
| Stock News | Earnings Call | Market Analysis | Market Experts | Money Saving Tips | MSN Money | Dow30 Quotes |
|
Economy News |
|||
|
Yahoo! News: Economy News ![]() 3 Oct 2008 at 11:06pm AP - Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, an urgent signal the country may be careening toward a deep and painful recession just as Americans prepare to elect a new president. 3 Oct 2008 at 2:21pm AP - THE LATEST: Employers slashed 159,000 jobs in September, the most in more than five years and the ninth month in a row of nationwide job losses. So far this year, the economy has lost a staggering 760,000 jobs. ![]() 2 Oct 2008 at 9:38am AP - Orders to U.S. factories plunged by the largest amount in nearly two years in August as the credit strains began to hit manufacturing with full force. 25 Sep 2008 at 9:23am AP - New claims for unemployment benefits jumped last week to their highest level in seven years due to the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported Thursday. ![]() 25 Sep 2008 at 8:15am AP - Orders for big-ticket manufactured goods plunged in August by the largest amount in seven months as demand for both airplanes and autos fell sharply. ![]() 18 Sep 2008 at 3:47pm AP - Banks and Wall Street firms ramped up borrowing from the Federal Reserve's emergency lending facility over the past week, a fresh sign of the credit stresses plaguing the country. ![]() 16 Sep 2008 at 2:39pm AP - The Federal Reserve kept a key interest rate unchanged Tuesday, saying that strains in financial markets have "increased significantly" but that it would keep an eye on them and act, if needed. |
Reuters: Business News 6 Oct 2008 at 6:40pm NEW YORK (Reuters) - Bank of America Corp, citing "recessionary conditions," on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses. 6 Oct 2008 at 6:11pm NEW YORK (Reuters) - Stocks slid for a fourth straight day on Monday, leaving the Dow below 10,000 for the first time in four years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis. 6 Oct 2008 at 6:35pm NEW YORK/WASHINGTON (Reuters) - Governments around the world scrambled for new measures to contain the fast-spreading credit crisis as stock, bond and commodity markets bet on deepening uncertainty and a sharp downturn. 6 Oct 2008 at 2:43pm NEW YORK (Reuters) - Oil dropped more than 6 percent to below $88 a barrel on Monday as a global market rout churned concerns that faltering fuel demand could slow further. 6 Oct 2008 at 6:54pm WASHINGTON (Reuters) - Washington policy-makers had no choice but to rescue American International Group Inc after a dramatic investor crisis left the giant insurer starved for cash, New York insurance chief Eric Dinallo told lawmakers on Tuesday. 6 Oct 2008 at 5:49pm WASHINGTON (Reuters) - Richard Fuld, the disgraced head of Lehman Brothers, said he would wonder "until they put me in the ground" why the U.S. government did not rescue the 158-year-old Wall Street firm and claimed regulators knew the full scale of its condition far before its collapse. 6 Oct 2008 at 6:07pm NEW YORK (Reuters) - A recent change in U.S. tax rules that determine how a buyer treats a target bank's losses on loans and bad debts could spur more deals in the troubled sector. 6 Oct 2008 at 6:37pm BOSTON (Reuters) - Large U.S. asset managers with strong fixed-income records, such as BlackRock Inc , PIMCO and Trust Company of the West, are seen as favored to oversee the U.S. government's $700 billion financial rescue fund. 6 Oct 2008 at 6:05pm WASHINGTON (Reuters) - The U.S. Treasury Department and the Federal Reserve are considering additional steps to support strained commercial paper markets, a source familiar with the discussions said on Monday. 6 Oct 2008 at 5:43pm NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co and Citigroup Inc agreed on Monday to a 44-hour truce in their fight over regional bank Wachovia Corp after a weekend of legal wrangling. |
MSNBC.com: Stocks & economy 6 Oct 2008 at 4:24pm Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points. 6 Oct 2008 at 3:22pm The number of Americans whose electricity or gas has been shut off for nonpayment of their bills is up sharply in many parts of the country as people struggle in a shaky economy. 6 Oct 2008 at 3:50pm A group of prominent business economists released its latest forecast Monday, predicting economy growth will virtually grind to a halt in the fourth quarter. 6 Oct 2008 at 5:08pm Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives, Congress was told Monday. 6 Oct 2008 at 1:01pm The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions. 6 Oct 2008 at 1:50pm Global stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress economic growth. 6 Oct 2008 at 4:37pm Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy. 5 Oct 2008 at 5:40pm The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue. 5 Oct 2008 at 3:58pm Even with the $700 billion bailout, the financial crisis and fragile economy promise to loom large over the opening days of the next administration. 5 Oct 2008 at 2:40pm With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months. 5 Oct 2008 at 6:10pm Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial industry. 4 Oct 2008 at 10:38am After two weeks of anguishing debate, Congress has passed and President Bush signed a massive plan to save the the economy. Now, the world holds its breath, seeing if it will work. 4 Oct 2008 at 11:01am America has been through an economic calamity before so there's a guide — at least for mistakes to be avoided — as the nation's leaders try to prevent another catastrophe. 3 Oct 2008 at 1:27pm Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead. 3 Oct 2008 at 3:33pm President Bush signed into law Friday a historic $700 billion bailout of the financial services industry. 3 Oct 2008 at 2:35pm The House passed a financial rescue package and President Bush quickly signed it. But will it work? Here’s a look at how the massive bill will affect you. 3 Oct 2008 at 6:30pm The stranglehold on the credit markets remained tight after the House approved a revised bailout plan, with investors nervous that it is at most a first step in repairing the economy. 3 Oct 2008 at 4:19pm At first blush, an era of constrained federal spending appears to be looming: Every $1 billion going to the bailout would be $1 billion less for highway construction. But House Speaker Nancy Pelosi does not see it that way. 2 Oct 2008 at 1:53pm It’s better than nothing. That’s the less-than-enthusiastic grade being given the government's financial rescue package by many private economists. 4 Oct 2008 at 11:38am Unlike during the Great Depression the government is now a huge part of the economy. And officials have moved quickly, if clumsily, to contain the crisis. |
Economic news - CNNMoney.com 6 Oct 2008 at 3:22pm Not that the folks at the Treasury and the White House are asking, but if I were in charge of the $700 billion bailout of the financial system - and yes, it's a bailout, because it involves paying more for toxic assets than non-government buyers would pay - I'd have the Treasury run out today and borrow $700 billion before the financial world comes to its senses. ![]() 6 Oct 2008 at 11:30am A lack of appropriate and necessary banking regulation by governments around the globe led to the current economic crisis, according to a report by a body of leading economists and experts released Monday. 6 Oct 2008 at 3:23pm Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday. ![]() 6 Oct 2008 at 4:32pm The Treasury Department on Monday sought to answer the first of many questions surrounding how it will implement the $700 billion financial rescue plan. ![]() 6 Oct 2008 at 4:37pm Citigroup, whose planned purchase of Wachovia was scuttled by Wells Fargo, announced Monday it is seeking more than $60 billion from the banks, accusing them of interfering with its earlier purchase agreement. 6 Oct 2008 at 1:45pm Read full story for latest details. 6 Oct 2008 at 3:21pm Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout. ![]() 6 Oct 2008 at 12:14pm Read full story for latest details. ![]() 6 Oct 2008 at 10:55am The Federal Reserve announced Monday that it will increase by hundreds of billions of dollars the money it makes available to the nation's banks. 6 Oct 2008 at 7:43am Read full story for latest details. ![]() 6 Oct 2008 at 8:27am Read full story for latest details. ![]() 6 Oct 2008 at 5:27pm The dollar continued to rally against European currencies Monday but plummeted more than 4% to hit a 6-month low against the Japanese yen, as the credit crisis spreads around the globe. 5 Oct 2008 at 6:38pm Read full story for latest details. ![]() 1 Oct 2008 at 8:39pm Nov. 3 ![]() 1 Oct 2008 at 8:38pm Oct. 28 23 Sep 2008 at 5:42pm Read full story for latest details. 18 Sep 2008 at 4:25pm Oct. 16 18 Sep 2008 at 4:23pm Read full story for latest details. ![]() 10 Sep 2008 at 6:53am Oct. 3 |