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October 14, 2008
Wall Street rallies, still long way to go
Even with Monday’s advance of 936 points, the Dow remains almost 34 percent below its record close.
October 13, 2008
British banks taking government cash
Three of the largest British banks have announced plans to take up to $63 billion of government money to boost their balance sheets
Central banks announce liquidity boosting measures
Five central banks, including the Federal Reserve and the European Central Bank, announced Monday new measures aimed at thawing frozen credit markets and bolstering funding to banks.
World markets spring to life
As markets opened in Europe, Britain’s FTSE-100 shot up 5.7 percent, Germany’s DAX climbed 6.4 percent and France’s CAC-40 advanced 6.8 percent.
October 07, 2008
Futures point to positive Wall Street open
Still the Dow lost 370 points yesterday in yet another day of extreme volatility and worldwide worries about the financial crisis and stubborn credit, even after the 700 billion dollar U.S. bailout.
European stocks open lower, Asian markets mixed
The move in Australia sparked hopes that other central banks will lower rates to help loosen the global credit crunch.
Feds consider bold debt purchase plan
The government is considering a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is threatening the economy.
October 02, 2008
Home winery
A Sacramento, California man has turned his hobby into a way of life.
September 16, 2008
Stocks headed downward again
Worries about AIG have intensified after several ratings agencies reduced their ratings on the company.
September 15, 2008
World markets tumble on Lehman bankruptcy
The biggest stock exchanges in Japan, Hong Kong and South Korea are closed for holidays, but every market that’s open is deep in the red.
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