World stock markets rose sharply Wednesday after Federal Reserve chairman Ben Bernanke said the U.S. government had no plan to fully nationalize any of the country's distressed banks.
Chairman Dodd, Senator Shelby, and members of the Committee, I appreciate the opportunity to discuss monetary policy and the economic situation and to present the Federal Reserve's Monetary Policy Report to the Congress.
Treasury prices rose Friday as stocks tumbled and investors worried about the health of the banking industry.
Asian stocks rose Wednesday, taking their cue from Wall Street after U.S. Federal Reserve Chairman Ben Bernanke said the government had no plans to nationalize hard-hit banks and the recession might end this year.
Treasury prices gave up some of the previous session's gains Wednesday, as investors grew wary again about upcoming supply.
Asian stock markets dropped early Wednesday as U.S. markets plummeted toward last year's lows and investors began losing hope that governments can rescue the world's economies from slipping deeper into recession.
Investors swarmed back into government debt Tuesday after the Treasury Secretary announced a new plan for the ailing banking sector that the market deemed extremely low on details.
Asian stock markets dropped Wednesday, following a steep sell-off on Wall Street, as investors reacted with skepticism to the U.S. government's latest plan to rescue the ailing financial industry with as much as $2 trillion in commitments.
First flood waters soaked 5,700 tons of grass straw in early January. Then fire roared through a hay storage barn, causing losses of about $1.5 million.
Coca-Cola Corp. is ending its almost 25-year experiment with the "Classic" label on its flagship cola, The Wall Street Journal reported Friday.
Treasury prices ended mixed as stocks fell Wednesday, after the government said it will sell $67 billion in long-term debt next week.
European markets fell Tuesday as investors continued to worry about the sputtering global economy despite governments' efforts to boost growth with increased spending.
Hong Kong's financial markets were closed starting Monday for the three-day Chinese New Year public holiday. They will reopen Thursday.
Brazilian stocks are rising after Britain's Barclays bank said it made a good profit in 2008 and did not need a government bailout.
Chinese shares retreated Wednesday for the first time in four days on dismal corporate earnings forecasts.
Ominous clouds over the global banking sector sent Japanese stocks tumbling again Wednesday.
Most world stock markets rose Tuesday, tagging along with an upturn on Wall Street on relief that big companies like United States Steel Corp. managed to post profits in a recession.
Treasurys rebounded from their string of declines Tuesday after the government auctioned off $40 billion in two-year notes without a hitch.
Taiwan shares sank Tuesday as declining commodity prices and bank losses in Europe further dampened market sentiment.
The cost of three-month dollar loans between banks fell modestly for the second day running Tuesday while the equivalent rate in pounds failed to move much after the British government's second bank bailout.
Hong Kong's main stock index retreated nearly 3 percent Wednesday amid worries that banking woes will prolong the global slump.
Most Latin American stocks fell in early trading Thursday in the wake of worse-than-expected economic data in the U.S. and despite a big interest-rate cut in Brazil.
Australia's stock market fell more than 3 percent Tuesday as the global financial crisis brought further bad news in the form of declining commodity prices and bank losses in Europe.
Chinese shares extended gains Tuesday on hopes the government's stimulus plan for petrochemical sector will be released soon, bucking falls around the region.
Japan stocks joined a regional sell-off Tuesday, as a new round of jitters about the health of global banks swept through the markets.
Twitter home of reporter Peter McKay, who covers financial markets for the Wall Street Journal.
A late-day slide leaves the stock market in the red despite a welcome dose of detail from the Obama administration regarding its testing standards to determine various banks' chances of survival.
The markets opened this morning with a sustained decline, which Reuters attributed to a new "report showing yet more deterioration in the housing market." Matt Drudge, however, wanted to blame it on President Obama, so he posted an auto updating graph of the Dow Jones Industr …
From the Wall Street Journal, a blog post on the dozens of stocks that may be trading like "zombies." The list includes a lot of names outside the banking sector and beyond the few components of the Dow Industrials that have gotten the most attention.
Only one in three Americans now believe they will be able to fully retire as huge losses in home and stock prices dent their confidence in the future, according to a study by Scottrade.
Mr. Bernanke told the Senate Banking Committee that the Federal Reserve was doing everything it could to unlock credit markets and ease the financial crisis. But a full recovery, he said, is months, if not years away. More Articles
Stocks regain most of the previous session's heavy losses after Fed Chairman Ben Bernanke speaks against nationalization of banks.
I wonder if anyone has ever found a statistical correlation between the opening of Sen.
The American International Group, the battered insurance giant that is now effectively majority-owned by the federal government, is in talks to receive more government aid as it prepares to record another giant loss, a person briefed on the talks told DealBook.
Stock selling spreads beyond the financial sector, pushes major averages to lowest closes in more than 11 years.
NYT interview with Dambisa Moyo, a Zambia native and ex-banker for Goldman Sachs who's written a book criticizing aid and debt relief for Africa. She believes that such programs foment dependency and unintentionally undermine the very goals they seek to achieve.
Please tell me oh learned ones - why does the government need to nationalize the banks to fix them? What will actually occur if this were to happen? Do the toxic assets magically disappear - while career politicans perform turn-around miracles? The idea of having our banking s …
The stock market flirted with its dotcom-era low but trimmed its losses to miss that mark, capping an otherwise dismal week in which fears of nationalization of major U.S. banks gripped trading floors around the world. (Friday, Feb. 20, 2009)
WSJ blog post covering trader complaints about how the newspaper constructs its widely followed Dow Jones Industrial Average.
Fox Sports video covering financial losses by Yankee players Johnny Damon and Xavier Nady in recent meltdown of investment firm Stanford Financial.
Shares of Warren Buffett's Berkshire Hathaway Inc sank Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks.
Goodbye, 7,500. Wall Street slipped lower on Thursday. The Dow Jones industrial average closed at its lowest level in six years amid concerns about the plans by the Obama administration to help homeowners in foreclosure and shore up the struggling banking system.
The Obama Administration is trying to slow down the foreclosure rate by encouraging (via subsidies) lenders to reduce payments and allowing another 3-4 million homeowers with mortgages owned/supported by Fannie/Freddie to refinance, but Santelli apparently thinks that's unAmeri …
The stock market ended at a new post-crisis low, led by the financial sector, which continued to suffer from worries about major firms' solvency.
Capitalism imploded more dramatically than anyone had imagined, though once it had, its collapse seemed as obvious as inevitable. That is, underregulated free-market capitalism ate itself before our eyes.
With the recession, people are moving out of the major cities, and rents are falling. This article gives an example of how you can try to lower your rent and save yourself some money.
it also suggests hedge funds may not be aggressively seeking to buy assets at reduced prices. If the cavalry it going to come along and rescue the markets, it will not be dressed in the uniform of the hedge fund sector.
The British central bank cut the rate by half a percentage point to its lowest level since the bank's creation in 1694.
The Senate on Wednesday voted to expand the economic stimulus package with a tax credit for homebuyers of up to $15,000, a provision championed by Republicans as addressing a root cause of the recession. More Articles
Bank of America Corp shares fell below $5 for the first time since 1990 and declined for a fifth straight day on concern the government might nationalize the largest U.S. bank and wipe out shareholders.