Now, with a deal on the financial bailout expected soon, let's get back to the real economy—and the recession already in progress.
The number of workers filing new claims for jobless benefits jumped 32,000 last week,while new orders for durable goods dropped by a sharper-than-expected 4.5 percent in August.
It's never pretty on Wall Street when the action in Washington rules the markets. That's certainly been the case this week, while Congress wrestles with the merit and shape of the $700 billion financial markets rescue package, proposed by Treasury Secretary Hank Paulson
The Treasury’s bailout plan for Wall Street will also benefit Main Street, Bill Gross, founder and chief investment officer of investment management firm Pimco, told CNBC Wednesday.
Warren Buffett is driving the latest ambulance to show up on Wall Street, and his first aid may in fact give a boost of confidence to the market and Washington's rescue process.
In the debate over homeowner aid in the Wall Street bailout, both sides appear to have forgotten that Congress approved a $300 billion mortgage rescue in July.
The scorching volatility ripping through financial markets is not likely to let up while details of the government's rescue plan are being worked out.
In a market as tough as this, it's best to play defense.
“The Wall Street mess will now have collateral damage to the real economy,” says Steve Hanke, a former White House economist. “We're coming into this thing in a terrible situation.”
The financial system bailout plan, which could end up by costing Washington around $1.8 trillion, may increase the risk of stagflation, Pimco's Mohamed El-Erian told CNBC.
If you are one of the many investors having trouble stomaching the big and wild swings, now may be a good time to scale back on your level of risk.
If you have a strong stomach and like a good gamble, the current volatility may be a good opportunity to put some money in play to beef up your portfolio gains in what's been a rocky year. While the pickings may seem slim, investment strategists say there are some opportunities within certain sectors, and if you are considering making broader bets, using options strategies can provide a good way to maximize gains while limiting losses.
Financial planners say the end of the year marks the perfect opportunity to revisit your asset allocation to ensure it still reflects your financial goals and tolerance for risk -- especially with many economists projecting the bear market will continue for the next six months.
The storm hitting Wall Street ramped up to category 5, and it's not over. Wednesday's markets illustrated in every way the fears investors have been living with since the credit crises began a year ago.
The unprecedented government rescue of insurance giant AIG calms the market's angst, but the question is whether credit markets will cooperate with the Fed and what other shoes are there left to drop.
The Federal Reserve, meeting during an unprecendented crisis on Wall Street, decided to leave interest rates unchanged but expressed concern about the crisis escalating.
Stocks rallied at the close after the Federal Reserve held the line on interest rates and investors were encouraged that Lehman Brothers and American International Group might work out deals to improve their perilous financial situation.
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.
Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish.
U.S. stock index futures dropped as fears mounted over the capital position of American International Group.