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Finance

Does Higher Volatility Indicate A Push Toward Turning Point?

CNBC | Jeff Cox | Posted 05.25.2011 | Business

Stronger volume in stock trading Friday could raise hopes that the eight-day blowout on Wall Street is pushing toward a capitulation bottom. Over the...

Price Flashbacks: Remember When You Could Afford Milk, Bread And Gas Prices?

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

The current economic crisis means trillions lost on the stock market, personal fortunes are dwindling and financial institutions are crashing to the g...

Kelsey Grammer Says He Predicted The Economic Crisis, Gloats (VIDEO)

Fox News | Posted 05.25.2011 | Business

Kelsey Grammer joined Neil Cavuto on Fox News to talk about the stock markets, getting out of them, anticipating a worse economy based on things Barac...

Financial Crisis Opinions: Experts Weigh In

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

Here are brief excerpts from financial experts around the world weighing in on today's stomach-turning economic action. Click the expert's name to rea...

Most Money-Market Funds Will Be Federally Guaranteed For Next 3 Months

AP | MARK JEWELL | Posted 05.25.2011 | Business

BOSTON — Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, no...

Stocks end worst week mixed after wild session

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 po...

During Frantic Trading, Rick Santelli Finds Toupee On Trading Floor (VIDEO)

CNBC | Dave Burdick | Posted 05.25.2011 | Business

CNBC reporter Rick Santelli found(?) a toupee on the floor of the Chicago Board of Trade during one of the most eye-popping days of trading in history...

As Stocks Dive, Are They Closer To Actual Value?

Economix | Deavid Leonhardt | Posted 05.25.2011 | Business

How cheap are stocks? By one important measure, they're as cheap as they have been since 1985. They're 20 percent less expensive than they have been,...

Citigroup Walks Away From Wachovia Deal, But Wrangling Continues

AP | SARA LEPRO | Posted 05.25.2011 | Business

NEW YORK — Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup br...

GM's Wagoner Makes Case On YouTube (VIDEO)

CNBC | Phil LeBeau | Posted 05.25.2011 | Business

If you are GM CEO Rick Wagoner, what do you do? The man in the top job at the struggling automaker is pulling every move possible to keep his company ...

Greenspan's Legacy: How Different Could The World Have Looked?

New York Times | Peter S. Goodman | Posted 05.25.2011 | Business

If Mr. Greenspan had acted differently during his tenure as Federal Reserve chairman from 1987 to 2006, many economists say, the current crisis might ...

Dow plunges 679 for 6th triple-digit loss in a row

AP | TIM PARADIS and MARTIN CRUTSINGER | Posted 05.25.2011 | Business

NEW YORK — A runaway train of a sell-off turned the anniversary of the stock market peak into one of the darkest days in Wall Street history Thu...

"R.I.P. Good Times" -- Crisis Hits Startups

Silicon Alley Insider | Peter Kafka | Posted 05.25.2011 | Business

Even the most blissed-out startup entrepreneur has got to have a sense of what's happened to the economy in the past few days -- and what that's going...

What Is A Naked Short?: Short-Selling Definitions

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

During the present economic crisis, the American public has been pelted with terms like "credit default swap" and "naked shorting," which are enough t...

Stocks zigzag, end lower after emergency rate cut

AP | JOE BEL BRUNO and TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — A stock market empowered by an emergency interest rate cut tried to find some stability Wednesday, rallying several times before anot...

Coordinated Rate Cuts A Big Help

Wall Street Journal | David Wessel | Posted 05.25.2011 | Business

So will coordinated rate cut do the trick? Probably not, but it's a big help. The world's major central banks, laboring to avoid the mistakes that th...

Federal Reserve Orders Emergency Rate Cut To 1.5%

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve, acting in coordination with other global central banking authorities, cut a key U.S. interest rate by half a p...

Buying A Car? Bring Cash

New York Times | Bill Vlasic and Nick Bunkley | Posted 05.25.2011 | Business

DETROIT -- The few consumers who are buying new cars are being forced into bigger down payments or all-cash deals in the latest sign of how the credit...

Warren Buffett Biographer: "Warren Is In His Element Right Now," Wouldn't Take Treasury Gig

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

**UPDATE** After the second presidential debate, we went back to Alice Schroeder to ask what she thought about something the candidates said... see th...

Paulson Says Administration Is Working Fast, But Some Banks Will Fail

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The Bush administration is considering taking ownership stakes in a number of U.S. banks as one option it might use to deal with a ...

David Einhorn, Famed Hedge Fund Manager, Done With Microsoft, Ballmer

Silicon Alley Insider | Henry Blodget | Posted 05.25.2011 | Business

Famed hedge-fund manager David Einhorn (Greenlight Capital), the man who shorted Lehman Brothers, has been clobbered along with other Wall Street star...

Warren Buffett's Banker: The Guy Who Has The Ear Of The Oracle

New York Times | Cyrus Sanati | Posted 05.25.2011 | Business

WARREN E. BUFFETT is no fan of investment bankers. He prefers to broker his own deals and investigate companies the old-fashioned way -- by reading ba...

How to Beat the Republicans

Andrew Arentowicz | Posted 05.25.2011 | Politics
Andrew Arentowicz

We have just crossed the bridge from the old world to the new world and America is the last developed country on earth to get it. The new game requires new rules and fresh ideas.

AIG Congressional Hearing: "They Were Getting Manicures... While American People Were Footing The Bill"

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

Today, the Committee on Oversight and Government Reform explores the causes and effects of the AIG bailout. THE AIG LUXURY RETREAT At one point, Rep...

Stocks tumble as Street worries about financials

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the ...