Members of Scotland's best-known industry are watching the vote for independence with serious trepidation.» Read More
Stocks closed the week lower as credit market concerns had investors running for safety but a reversal of misfortune late in the week cut losses significantly.
An extraordinary number of rumors are floating around this afternoon...this time about additional actions the Fed may take late today or over the weekend.
The Federal Reserve approved a half-percentage point cut in its discount rate on loans to banks Friday, a dramatic move designed to stabilize financial markets roiled by a widening credit crisis.
The U.S. Federal Reserve Friday it cut by a half point the primary discount rate, which governs direct loans from the Fed to banks.
The U.S. Federal Reserve said on Friday it added $6 billion of temporary reserves to the banking system through 3-day repurchase agreements.
The following is the text of two statements issued by the U.S. Federal Reserve on Friday: "Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward."
Countrywide Financial provided further details on the $11.5 billion it drew down to improve its liquidity, a Friday regulatory filing showed.
Two things have happened recently that made me realize we are at the "tipping point" of environmental awareness. One is that my company began implementing some green initiatives - a company whose rubbish bins were often filled with styrofoam cups and lunch boxes and where dozens of television and computer monitors used to hum ceaselessly overnight. The other is that Live Earth was a total flop audience-wise. Not because people were unaware of the need to protect the environment, but because everyone, including people like me, had already heard enough about it. Eighteen years after Time magazine put "Endangered Earth" on its cover, yeah, we do finally get it.
Australia's central bank said on Friday it had intervened in foreign exchange markets overnight in an effort to restore some liquidity to the market for the Australian dollar.
Keep an eye on big commercial banks like Citi, JP Morgan and Bank of America: They have extensive retail banking operations and are far more diversified and better at laying off risk (often to foreign banks) than the investment banks
A few hours after that sad alert went up on First Magnus Financial's home page, I received a note from a mortgage broker crony of mine. He forwarded me a note from a local First Magnus contact of his.
Countrywide is no longer a short, but Cramer doesn't recommend touching the common stock yet. Plus, the absurdity of Annaly Capital being down.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A group of financial institutions unveiled a plan Thursday to ease a credit crunch in Canada's C$116 billion ($108 billion) asset-backed commercial paper market, winning tentative market applause though jitters remained.
Moody's Investors Service analysts said the credit crunch rattling global financial markets could cause the collapse of a major hedge fund, Dow Jones Newswires reported on Thursday.
The U.S. Federal Reserve said on Thursday it added $5 billion of temporary reserves to the banking system through 14-day repurchase agreements.
The dash to raise capital, as clients demand their money back from ailing hedge funds, could put the best market merchandise on sale.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A bruising selloff in world stock markets is about to extract more pain on Wall Street, where stock index futures are pointing to a sharply lower opening.
The European Commission will review a voluntary code used by credit rating agencies as they appeared too slow in warning about problems in the U.S. subprime mortgage sector, a spokeswoman said on Thursday.
Asia Pacific central banks and financial chiefs kept a tight watch on money markets and attempted to reassure investors on Thursday as fears of a worsening global credit storm gripped the region.
Australian mortgage lender RAMS Home Loans Group said on Thursday it had extended the refinancing period for A$6.17 billion (US$5.1 billion) in maturing notes, slicing its share value in half.