Shares of troubled banks Washington Mutual Inc. and Wachovia Corp. recovered on Tuesday as investors grew hopeful that American International Group Inc. would receive much-needed funding. ...more

September 17, 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

Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place them in a conservatorship, officials and company executives briefed on the discussions said. ...more

September 6, 2008

The buck may be turning into a bull. The U.S. dollar extended its recent rally against major currencies on Friday as commodities fell and European and Japanese economies faltered. After sliding for years, the dollar may finally be on the way back up, some analysts say. ...more

August 16, 2008

Gold, which scorched into the record books this year, has suddenly gone cold. ...more

August 16, 2008

For years, I've been pushing a "boring is better" approach to investing - the kind of strategy that adheres to the belief that so many of us make the wrong decisions when the markets are in turmoil. We're better off deciding on an asset allocation, filling up the baskets and checking it monthly - not every day. ...more

August 3, 2008

from food to electricity and gasoline - took a bigger piece of their paychecks. ...more

July 17, 2008

Worried about rising inflation, Federal Reserve officials at their meeting in June thought the Fed's next move on interest rates was likely to be up. ...more

July 17, 2008

Alarmed by the sharply eroding confidence in the nation's two largest mortgage finance companies, the Bush administration Sunday asked Congress to approve a sweeping rescue package that would give officials the power to inject billions of federal dollars into the beleaguered companies through investments and loans. ...more

July 14, 2008

Mortgage rates have risen about a half a percentage point over the past five weeks, according to mortgage research firm HSH Associates' latest survey. ...more

July 13, 2008