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Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage. ...more
October 13, 2008
WASHINGTON (AP) -- Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them. ...more
October 7, 2008
Motorists are paying less at the pump as oil prices plunge amid decreased demand, and industry observers say the trend is expected to continue. ...more
October 6, 2008
Much of the financial mess we are in, whether perceived or real, could have been avoided. ...more
October 5, 2008
Just about everyone is watching Wall Street these days wondering what's going to fall next. Giant investment firms have tumbled and other financial companies have been bought by the federal government because their demise would severely harm our economic system. It's scary for regular folks who are worrying about their 401ks, IRAs and any other investment. ...more
September 18, 2008
Will the U.S. financial system collapse today, or maybe over the next few days? I don't think so - but I'm nowhere near certain. You see, Lehman Brothers, a major investment bank, is going under. And nobody knows what will happen next. ...more
September 16, 2008
Treasury Secretary Henry Paulson spent another day stumping for the U.S. banking system, declaring Tuesday that his top priority was ensuring "stability and confidence in our markets and financial institutions." ...more
July 23, 2008
Last week, Lutz-based banking analyst Richard Bove was in hot demand by media outlets eager to know how safe the nation's banks really are. ...more
July 22, 2008
President Bush says he doesn't have a magic wand, so he "can't just say, 'low gas.'" ...more
July 21, 2008
President Bush says he doesn't have a magic wand, so he "can't just say, 'low gas.'" ...more
July 20, 2008
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