Fed Cuts Interest; Stocks Soar
WASHINGTON — The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of act...
WASHINGTON — The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of act...
Fortune's Stanley Bing | Posted 03.17.2008 | Business
I'm sure your eyes goggled when you saw it too. JP Morgan paid a couple or three hundred million for a company worth incalculably more. It's stunning.
Henry Blodget | Posted 03.17.2008 | Business
Wall Street is in a full meltdown. Bear Stearns is gone, so the markets are wondering who's next. The leading contender? Lehman Brothers.
James Boyce | Posted 03.17.2008 | Business
A little economic trauma is exactly what this country needs for everyone to realize what the last eight years has done to this land, once the largest economy in the world.
New York Times | Vikas Bajaj | Posted 03.14.2008 | Business
Almost everything seems to be going wrong for the American economy at once. People are buying less, but most things are costing more. Mortgage rates a...
New York Post | Paul Tharp | Posted 03.13.2008 | Business
Wilbur Ross - who's betting $1 billion that municipalities will beat their latest funding crisis - says politicians are trying to help but have it all...
AP | MARTIN CRUTSINGER | Posted 03.13.2008 | Business
WASHINGTON — Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything. Stocks kept gyrating, too, on T...
Mark Weisbrot | Posted 03.12.2008 | Politics
A herd mentality often prevails: journalists know that they will almost never get in trouble for reporting something that is wrong when everyone else is also saying it.
Reuters | Posted 03.12.2008 | Business
At U.S. warehouse club stores, a growing number of shoppers are giving up steak for cheaper chicken. Coffee sales are soaring at McDonald's, while hig...
New York Times | Edmund L. Andrews | Posted 03.12.2008 | Business
Impelled to take extraordinary measures for the second time in less than a week, the Federal Reserve moved on Tuesday to subdue the deepening crisis i...
ABC News | Posted 03.10.2008 | Business
Though the country is not yet officially in a recession, some economists argue the signs are pointing to one. A dismal job report released Friday add...
Reuters Via CNBC | Posted 03.10.2008 | Business
U.S. bank Merrill Lynch will not need to return to the market again following the turbulence in credit markets that forced it to raise nearly $13 bill...
Harry Shearer | Posted 03.08.2008 | Politics
Two events dominating this week's news demonstrate together how we've managed to build a society incapable of taking the long view -- of anything.
AP | JEANNINE AVERSA | Posted 03.05.2008 | Business
WASHINGTON — The economy has weakened since the start of this year as shoppers turned even more cautious given the severe housing slump and pain...
AP | JEANNINE AVERSA | Posted 03.04.2008 | Business
WASHINGTON — Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urge...
Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 03.03.2008 | Business
After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...
AP | MARTIN CRUTSINGER | Posted 03.03.2008 | Business
WASHINGTON — The cascading fallout from the subprime loan crisis, barely a cloud on the horizon a year ago, is now viewed by experts as the econ...
Wall Street Journal | Liam Pleven | Posted 02.29.2008 | Business
The credit crunch hit American International Group Inc. with brute force, as the global insurer reported a $5.3 billion fourth-quarter loss largely be...
John Tepper Marlin | Posted 02.28.2008 | Business
Credit Slips says that Rep. Carolyn Maloney's bill -- credit cardholders bill of rights -- is the most important credit card legislation in 40 years.
Eben Esterhuizen | Posted 02.27.2008 | Business
A bear market is only possible if there is a consensus that a financial crisis is significantly worse than ever before. And that is why we are currently in a bear market.
Bob Burnett | Posted 02.26.2008 | Politics
A memorable blues song goes, "I have had my fun, if I don't get well no more...my health is failing and I'm goin' down slow." The songwriter, St. Lou...
AP | ALEX VEIGA | Posted 02.26.2008 | Business
LOS ANGELES — The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to ta...
AP | MARTIN CRUTSINGER | Posted 02.25.2008 | Business
WASHINGTON — Sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Median home pri...
Yvette Kantrow | Posted 02.22.2008 | Media
Where's a good villain when the media needs one? Pity the ink-stained wretches and bleary-eyed bloggers tasked with covering the credit crisis, with ...
New York Post | ZACHERY KOUWE | Posted 02.21.2008 | Business
Even the barbarians didn't think the credit crisis would last this long. A firm affiliated with leveraged buyout giant Kohlberg Kravis Roberts & Co.,...
Mark Wahlberg is not a fan of a "Saturday Night Live" sketch from October 4th called "Mark Wahlberg Talks...
E&P reports that Sarah Palin was greeted with a chorus of boos at the Philadelphia Flyers game where she...
The state of the McCain campaign is drawing fire from its own ostensible allies....
At a rally in Bethlehem, Pa. last week, Cindy...
Imagine an election where one of the participants...
Does John McCain "pal around with terrorists?" Certainly...
Tina Fey told TVGuide she'll be "done" if John McCain and...
With the presidential campaign approaching its final...
**SCROLL DOWN FOR SLIDESHOW** It looks like Sarah Palin has traded her...
Now that a full-scale economic crisis is upon us, many are left asking the complicated but necessary...
NEW YORK — David Letterman and Sen. John McCain will get a chance to make up. The Republican...
PORTERVILLE, Calif. — National forests and parks _ long popular...
As I watched Senator Joe Biden tear up at the tale end of the much ballyhooed...
AP | MARTIN CRUTSINGER | Posted 03.18.2008 | Business