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November 03, 2008
World markets, U.S. futures perform well on Monday
Monday’s early performance of U.S. stock futures suggests Wall Street will open higher. The futures are up modestly.
October 30, 2008
Group seeking credit card debt forgiveness
The Federal Reserve estimates Americans have run up about $900 billion in credit card debt. And the number of those even with good credit who are defaulting on their balances is rising.
World Economic Forum meets in Turkey
The three-day meeting, which ends Saturday, will also focus on business opportunities that might arise from the crisis, energy and resources security, Central Asia’s role in the world and Turkey’s
role as a bridge among Europe, Asia and the Middle East.
World Economic Forum meets in Turkey
The three-day meeting, which ends Saturday, will also focus on business opportunities that might arise from the crisis, energy and resources security, Central Asia’s role in the world and Turkey’s
role as a bridge among Europe, Asia and the Middle East.
Fed rate cut fuels Asian markets
Every major index advanced, with Japan’s Nikkei 225 stock average gaining 7 percent as exporters like Toyota and Sony got a boost from the yen continuing to retreat from a 13-year high
against the dollar last week.
October 29, 2008
Fed expected to announce rate cut Wednesday
The Federal Reserve today is scheduled to wrap up its two-day policy setting session, by announcing an interest rate cut.
World markets finish zigzag day in the black
Buying was triggered by the dollar’s rebound against the yen and strong gains yesterday on Wall Street.
October 28, 2008
Fed meets today, rate cut expected
It’s expected the Fed will cut interest rates for the second time this month. The only question is just how substantial of a cut it’ll be.
Asian markets rebound after days of decline
The major stock markets in Asia have reversed several days of declines.
October 24, 2008
More credit crisis testimony on Capitol Hill
A House panel today focuses on how best to create jobs to help get the economy back on track.
Depressed Asian markets catch break…it’s the weekend
Asian stocks have wrapped up the week with a third straight day of losses.
October 23, 2008
Foreclosures up 71% in 3rd quarter
The foreclosure listing service RealtyTrac Incorporated says in all, nearly 766,000 homes around the country received at least one foreclosure-related notice from July through September.
World markets slide for second straight day
But in a positive sign, most major indices pared losses in afternoon trading as some investors bought beaten down shares.
Greenspan to testify in meltdown hearings
Current and former regulators will be on Capitol Hill to talk about their role in the financial meltdown.
October 22, 2008
Stocks too risky?
Check out these liquid assets.
Google joins mobile phone business
The new gadget features a touch screen, slide-out keyboard and a trackball.
Asian markets take hit
Asian markets veered sharply lower Wednesday, with Tokyo’s Nikkei index tumbling nearly 7 percent.
October 21, 2008
Online bargain hunters find real estate deals
A new buyer’s market is gobbling up homes once valued in the million dollar range.
Mortgage CEOs tackle foreclosures
The new chief executives of Fannie Mae and Freddie Mac are trying do more to stop the home foreclosures hammering the housing market.
Bernanke backs second stimulus
Bernanke didn’t put a dollar figure on how big the package should be but told lawmakers yesterday that “it should be significant.“
Bush open to second stimulus check
Press Secretary Dana Perino now says the president is “open minded” about a fresh dose of stimulus, and will consider what Fed Chairman Ben Bernanke told lawmakers yesterday.
Talks of U.S. stimulus drive foreign markets
Investors took heart from comments from Federal Reserve Chairman Ben Bernanke on further steps to shore up the sluggish U.S. economy.
October 20, 2008
Fed chief backs another stimulus package.
The head of the Federal Reserve is backing the idea of a second economic stimulus to help Americans.
Bush to hear from Main Street firsthand
At a Chamber of Commerce roundtable in Alexandria, Louisiana, the president will hear about how hard it is to get a loan these days, either to run a new business or buy a new home.
Investors waiting for Bernanke comments
Fed Chairman Ben Bernanke could send a signal today on interest rates.
Asian stocks advance to start week
South Korea’s government moved to shore up the country’s banking system amid the global credit crisis.
October 17, 2008
Asian markets mixed after Wall St. rebound
Japan’s Nikkei has gained nearly 3 percent, though it’s still far from making back the 11 percent it lost yesterday.
French bank posts 9-digit loss
A French bank has revealed an $810 million loss in what it calls a “significant” market incident
Major firms layoff lawyers
As their corporate clients show the financial strain resulting from the nation’s sagging economy, major law firms are beginning to respond with cut backs of staff.
October 16, 2008
World markets tumble again
Tokyo’s Nikkei fell more than 11 percent, it’s biggest one-day drop since the stock market crash of October 1987.
