Flashes of illumination rather than fireworks are expected at the annual meeting of top central bankers and economists in Jackson Hole, Wyoming.» Read More
Treasury Secretary Henry Paulson discusses a comprehensive approach to market developments, while Gold was up over 15% over the past two days but took a beating this morning. Following are today's top videos:
We can fix this. If nothing else, that’s the message I hope readers take away from this column. Of course, the “this” is the run on the world banking system. Stock markets have plunged globally, gold prices have shot up, and U.S. Treasury-bill rates have plummeted to 10 basis points, the lowest since the 1950s.
CNBC has learned that an historic meeting is planned for Thursday evening to discuss the financial and housing crisis. What’s the word on the Street?
Statements of SEC Chairman Christopher Cox and enforcement division director Linda Thomsen regarding immediate commission actions to combat market manipulation:
Where does Uncle Sam come up with huge sums of money during a financial emergency?
Investing experts and economists worldwide weigh in on AIG and what this recent run of bailouts means for financial sectors across the globe.
If Washington doesn't want to see the Dow lose another 1,000 points, it better help this company.
Treasury man Paulson refused to bail out Lehman Brothers and talked about the need to respect moral hazard. In other words, no more government goodies to reward bad corporate behavior. Of course, stocks got killed yesterday. But interestingly, today they are up about 100 points.
The Federal Reserve, meeting during an unprecendented crisis on Wall Street, decided to leave interest rates unchanged but expressed concern about the crisis escalating.
The Federal Reserve left rates unchanged on Tuesday, giving little relief for Wall Street one day after the Dow's 500 drop. What follows are video highlights of the experts' reactions.
Below is the statement released by the Federal Open Market Committee after its September 16 meeting on interest rate policy:
The Federal Reserve needs to slash interest rates by half a percentage point to show the public that it is taking steps to avert a financial crisis, Dennis Gartman, founder of the Gartman letter, told CNBC on Tuesday.
Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish.
Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish. Take our Poll:
Treasury Secretary Henry Paulson is the man of the hour. This weekend he drew a clear line in the sand: no more federal bailouts. Not for Lehman Brother. Not for global insurer AIG. Not for Merrill Lynch. Not for anyone, at least as of this writing.
Don't expect the central bank to cut interest rates on Tuesday at its regularly scheduled FMOC meeting following the Lehman Brothers-Merrill Lynch-AIG developments, even though that's the action it took in March when Bear Stearns was on the ropes.
Could wreckage from the massive crisis on Wall Street prompt the Federal Reserve to do an about face and once again cut interest rates?
Stocks had their worst selloff since the Sept. 11 attacks in 2001, with the Dow plummeting more than 500 points amid escalating fear about a collapse of AIG.
Stocks fell sharply at the opening bell Monday after a trifecta of Wall Street pain: Lehman Brothers filed for bankruptcy, Merrill Lynch was bought by Bank of America and AIG asked the Fed for short-term financing.
More and more voices call on the Federal Reserve to cut interest rates in the aftermath of Lehman Brothers' bankruptcy. What do you think the Fed should do? Vote in the poll below: