In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown. ...more

October 8, 2008

Putnam Investments on Thursday suddenly closed a $12 billion money-market fund and announced plans to return investors' money after institutional clients pulled out cash despite the fund's lack of exposure to troubled financial firms such as Lehman Brothers Holdings. ...more

September 19, 2008

The turmoil in financial markets is rattling jittery shoppers just as the retail industry prepares for a critical holiday season that already was expected to show the weakest growth in almost two decades. ...more

September 19, 2008

In another unnerving day for Wall Street, investors suffered their worst losses since the Sept. 11 attacks, and government officials raced to prevent the financial crisis from spreading. ...more

September 16, 2008

Barack Obama Meets Gordon Brown, Tony Blair LONDON (AP) - Presidential contender Barack Obama was meeting Saturday with British Prime Minister Gordon Brown on the last leg of his European and Middle Eastern tour. ...more

July 27, 2008

There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed. ...more

June 19, 2008

The world's top economies on Saturday promised coordinated action to restore confidence in global markets as financial turmoil slows U.S. growth, but with each country having different priorities, they didn't offer a specific remedy. ...more

February 10, 2008

The Federal Reserve, confronted by deepening panic in global financial markets about a possible recession in the United States, struck back on Tuesday with the biggest one-day reduction of interest rates on record and at least temporarily stopped a vertigo-inducing plunge in stock prices. ...more

January 23, 2008

John McCain revved up efforts Tuesday to explain his economic plan, as the financial-market turmoil threatened to steal the spotlight from his central presidential primary campaign theme of national security. ...more

January 23, 2008

Wall Street plunged Thursday, pulling the Dow Jones industrial average down more than 360 points as investors found themselves confronted by two uncomfortable prospects: an end to interest rate cuts and a slowing economy. ...more

November 2, 2007