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Dollar down; concern up
Concerns worldwide about the dollar's slide have escalated to the point where currency markets are beginning to wonder when governments might try to do something about it. ...more
October 23, 2009
Don't gloat, Euros, we'll be back
The gloating didn't last long. A few weeks ago, German Finance Minister Peer Steinbrueck proclaimed that "Anglo-Saxon capitalism" is "finished." Steinbrueck stuck it to the hated Anglo-Saxon capitalists just in time - before he got too distracted by the exigencies of managing a $681 billion program to re-finance distressed German banks. ...more
October 22, 2008
Rate Slide To Help Some Companies
As bank-to-bank lending rates gradually slide lower, the credit climate is looking a bit brighter - at least for stronger companies. ...more
October 21, 2008
Dow Posts Biggest Gain In 75 Years
On Monday, for the first time this October, the Dow Jones industrial average ended the day higher than it began: 963.42 points higher, to be exact, making for the biggest single-day percentage gain in 75 years. ...more
October 14, 2008
Europe's Reluctance On Joint Rescue Plan Could Spell Economic Doom
"United we stand, divided we fall" is a phrase attributed to people as varied as the sixth century B.C. Greek author Aesop and the American revolutionary patriot Patrick Henry. ...more
October 11, 2008
U.S. Digs For More Market Rescue Tactics
What's left in Uncle Sam's economic tool kit? The commitment of $700 billion didn't impress markets here and around the world. Neither did fresh interest rate cuts. Stocks plunged again Thursday. ...more
October 10, 2008
GM Keys Dow Drop To 5-Year Low, Below 9,000
NEW YORK - The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. ...more
October 9, 2008
Government Running Out Of Tools To Boost Economy
What's left in Uncle Sam's economic tool kit? The commitment of $700 billion didn't impress markets here and around the world. Neither did fresh interest rate cuts. Stocks plunged yet again on Thursday. ...more
October 9, 2008
White House Considers Ownership Stakes In Banks
News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. ...more
October 9, 2008
As Lower Home Prices Knock, More Buyers Answer; Florida's Sales On Rise
More Americans unexpectedly signed contracts in August to purchase previously owned homes as mounting foreclosures pushed down prices, making homes more affordable. ...more
October 9, 2008
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