Friday, October 17, 2008
Bush: Credit thaw will take awhile
Bush: Credit thaw will take awhile
The government's drastic economic rescue efforts will eventually pay
off, President Bush insisted Friday, offering calming words to anxious
Americans but no suggestion of a quick revival as Wall Street braced for
another wild day.
Breaking news: Construction of new homes drops to lowest point since 1991
The Commerce Department said Friday that starts on new homes fell 6.3%
to a seasonally adjusted annual rate 817,000 units, slowest pace since
January 1991. This was well below the 880,000 rate economists expected.
Thursday, October 16, 2008
U.S.: AIG draws an additional $12 billion from original $85 billion line of credit. Total used so far: $82.9 billion.
U.S.: AIG draws an additional $12 billion from original $85 billion line
of credit. Total used so far: $82.9 billion.
Oil tumbles below $70 a barrel for the first time in more than a year on inventory strength and a weak economy. Update soon.
Oil tumbles below $70 a barrel for the first time in more than a year on
inventory strength and a weak economy.
Oil prices fall sharply after government reports bigger-than-expected jump in crude and gasoline inventories.
Oil prices fall sharply after government reports bigger-than-expected
jump in crude and gasoline inventories.
Dow drops more than 200 points after economic reports spark investor fear that a recovery is still a long way off.
Dow drops more than 200 points after economic reports spark investor
fear that a recovery is still a long way off.
Government reports new claims for unemployment declined more than expected last week, Dow Jones reports.
Government reports new claims for unemployment declined more than
expected last week, Dow Jones reports.
Wednesday, October 15, 2008
Breaking News : Dow Jones industrials drops 700 points
The Dow Jones industrials dropped 700 points, wiping out much of
Monday's 936-point advance, and all the major indexes fell at least 7%.
Dow sinks 400 points as recession fears...
Dow sinks 400 points as recession fears gain momentum and investors pull
back.
Fed chief Bernanke says officials have 'tools' to fight...
Fed chief Bernanke says officials have 'tools' to fight intense
financial crisis but economic recovery will take time.
V.P. Cheney ecperiences abnormal heart rhythm...
Vice President Dick Cheney experiences abnormal heart rhythm.
Retail sales in September fell more than expected...
Retail sales in September fell more than expected, signaling ongoing
weakness in consumer spending.
Retail sales in September fell more than expected...
Retail sales in September fell more than expected, signaling ongoing
weakness in consumer spending.
Tuesday, October 14, 2008
Dow and S&P flatline and Nasdaq falls 3.5% as initial enthusiasm over U.S. bank bailout plan fizzles.
Dow and S&P finish lower and Nasdaq falls 3.5% as initial enthusiasm
over U.S. bank bailout plan fizzles.
Dow industrials turn lower, erasing earlier 400-point gain; Nasdaq down 2.4%.
Dow industrials turn lower, erasing earlier 400-point gain; Nasdaq down
2.4%.
U.S. stocks up sharply for second day; Dow rises more than 400 points in opening minutes
U.S. stocks up sharply for second day; Dow rises more than 400 points in
opening minutes
10/14/2008 9:35:11 AM
Bush tells Congress he wants another $100B from...
Bush tells Congress he wants another $100B from $700B bailout – on top
of $250B announced for bank stock purchases.
Breaking News Tue., October 14, 2008
BUSH ANNOUNCES $250 BILLION BANK BUY IN -- LARGEST BANK INTERVENTION
SINCE THE GREAT DEPRESSION
Monday, October 13, 2008
U.S. set to buy bank equity stakes worth $250 billion: WSJ
U.S. set to buy bank equity stakes worth $250 billion: WSJ
10/13/2008 5:47:07 PM
Leading central banks to lend unlimited dollars to banks
Leading central banks to lend unlimited dollars to banks
10/13/2008 2:30:47 AM
NY Times columnist and Princeton University professor Paul Krugman wins Nobel Prize for economics.
NY Times columnist and Princeton University professor Paul Krugman wins
Nobel Prize for economics.
News Alert! Markets Up 400 At Open
The Dow Jones industrials rose 400 at the market open in a rebound from
last week's devastating losses.
Sunday, October 12, 2008
European leaders - following an emergency meeting - agree to temporarily back bank lending in latest move to stem the crisis.
European leaders - following an emergency meeting - agree to temporarily
back bank lending in latest move to stem the crisis.
