Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

NEWS ABOUT: financial markets

As Investors Seek Cover, Central Banks Slash Rates

Seeking to loosen credit, central banks plan another round of cuts

(Newser) - Central banks worldwide are slashing interest rates, attempting to stem the bleeding in financial markets as investors dump holdings, credit remains tight, and currencies spasm in value, the Washington Post reports. The Federal Reserve is set to cut rates for the second time in as many weeks tomorrow, while the... More »

Asia, Europe Want Financial Reform Now

Beijing steps up as leaders craft plans to manage economies

(Newser) - Asian and European world leaders joined forces today to call for stricter regulation of world financial markets and a shakeup of the monetary system, the Washington Post reports. The declarations marked the close of a 2-day summit in Beijing attended by more than 40 heads of state. Bailouts in the... More »

Buffett: I'm Buying American. You Should Be, Too.

When fear is rampant, the markets discount America's future

(Newser) - “I’ve been buying American stocks,” Warren Buffett writes in the New York Times, and he'd like to see a stampede of others following suit. Sure, the financial system is a mess, global economies are faltering, unemployment is rising, and headlines will continue to terrorize markets. But markets... More »

Bush, Paulson Outline Plan to Buy $250B Stake in Banks

(AP) - President Bush this morning confirmed the government's $250 billion plan to buy shares in banks, in the latest move to calm the turmoil in the financial markets and stave off a deep recession. Speaking from the Rose Garden after an early-morning meeting with economic advisers, Bush said the move will... More »

The Markets Have Evened Out When ...

Analyst gives four signs of sanity to scan your tea leaves for

(Newser) - The main thing ailing the credit markets is a crisis of information, writes L. Gordon Crovitz in the Wall Street Journal, so it’ll probably end when we have some. Things may be looking up when…
  • Prices are discovered: Right now, there’s no demand for mortgage-backed securities, and hence
... More »

IMF to US: Do Something NOW

Monetary fund chief pressures Congress to pass bailout, Europe to make plans

(Newser) - The US must act swiftly to avoid economic meltdown and Europe's banks need to be ready with emergency plans of their own, IMF's managing director warns. European and Asian markets have bounced back on the prospects of a revived US bailout deal, but JP Morgan analysts warned yesterday that Europe's... More »

European, Asian Markets Edge Up After Dive

US economic illness goes viral

(Newser) - Europe markets edged back up after an early drop today as the failure of the US bailout package continued to sap confidence worldwide, Bloomberg reports. Asia's markets went into freefall on opening this morning but gradually recouped some losses on hopes of a fresh deal. The Nikkei index was down... More »

Hedge-Fund Exodus May Add to Woes

Deadline looms tomorrow for investors to bail from already-struggling market

(Newser) - Hedge funds are bracing for a major test of wills tomorrow, the deadline for investors to withdraw from the funds for the rest of the year, the New York Times reports. A spate of withdrawals could cause a cascade of flight from the $2 trillion industry, which has seen its... More »

Central Banks Scramble to Feed Cash Into Markets

Biz slows as bailout talks stall

(Newser) - The world's central banks are frantically spraying money into the economy to prevent it from seizing up as the US bailout package stalls and confidence plummets, Reuters reports. The holdup in Washington has made edgy commercial banks even more inclined to hoard cash and not lend to each other—leaving... More »

Retirees Hit Hard by Markets

Their money is in riskier investments these days

(Newser) - Among those hardest hit by the financial crisis are retirees, and they have less chance to recover than their younger counterparts, the New York Times reports. As companies have abandoned fixed pensions for 410(k)s, retirees can lose large percentages of their wealth in a short period. And low-risk investments, like... More »

Stocks Edge Lower at Open

Moderate drop as buybacks hold back bears

(Newser) - Stocks declined slightly at open, as big buybacks from Microsoft, HP, and Nike were offset by general financial sector pessimism. The Dow dropped 85 points at the bell, while the S&P fell 0.5% and Nasdaq dropped 0.6%. Microsoft rose 4.9%, after announcing a $40-billion buyback and... More »

Paulson Outlines His 'Bold' Bailout

He and Bush say it's urgent to act now to stabilize markets

(Newser) - Henry Paulson confirmed today that he is working on a "bold" plan to buy bad loans from banks, the Wall Street Journal reports. Such a plan would cost taxpayers “hundreds of billions of dollars,” Paulson said, but he believes it is necessary to stabilize the economy. “... More »

Cheer Up! Total Financial Market Meltdown Isn't All Bad

Five reasons to fiddle while Wall Street burns

(Newser) - For a dedicated silver-lining hunter like Michael Lewis, there are plenty of upsides to the total collapse of the US financial system. “A lot of attractive office space seems to be opening up in midtown Manhattan, for instance,” he writes in Bloomberg. Here are five other reasons to... More »

Bush: I'm Working on Economy

President, in rare words on financial crisis, says he shares America's fears

(AP) - President Bush said today that he shares Americans' concerns about the turmoil in the financial markets, and promised that the government will act aggressively. "The American people can be sure we will continue to act to strengthen and stabilize our financial markets," he said. Bush canceled his fundraisers... More »

Forget Arugula: Dems Should Hit GOP on Fiscal Crisis

But they should ignore the arugula and hammer on GOP moves that created this mess

(Newser) - Put aside the arugula and forget "priggish" counter-attacks on Sarah Palin, Thomas Frank advises Democrats. The way to win the culture war being waged by Republicans is to point out what GOP dominance over the last quarter century has done: removed fiscal safeguards and brought us "to the... More »

AIG Rescue Boosts Euro Stocks; Asia Rally Fades

Still 'edgy,' notes analyst

(Newser) - European stocks edged up today for the first time in three days on news of the US government's $85 billion bailout of insurance giant AIG—but an early rally in Asian markets faded, reports Bloomberg and the New York Times. Europe's Stoxx 600 climbed as much as 1.9% after... More »

Morgan Stanley Profit Dips, But Easily Beats Forecasts

(Newser) - Morgan Stanley reported a 3% percent drop in third-quarter earnings but easily beat Wall Street expectations, Bloomberg reports. The investment bank's profit fell to $1.43 billion, or $1.32 per share from $1.47 billion, or $1.38, a year ago. Analysts expected 78 cents a share. The relatively... More »

Asian Markets Plunge

US financial turmoil sparks regional selling frenzy

(Newser) - Asia's markets took a huge hit today amid fears of a US financial meltdown, the Wall Street Journal reports. Markets in Hong Kong, Japan, and South Korea were spared from the global plunge yesterday due to a public holiday—but the respite proved to be short-lived. Japan and Hong Kong's... More »

Wall Street Rumbling Means Little on Main Street

Financial meltdown has small effect on 'real economy': Kaletsky

(Newser) - Fannie and Freddie have been nationalized, Lehman has collapsed, Merrill Lynch has been bought out—an economic disaster, right? Not really, Anatole Kaletsky writes in the Times of London: The US economy is actually showing signs of improvement. More than ever, "there is no contradiction between expecting a recovery,... More »

Computer Crash Paralyzes London Trading

Dealers miss out on millions in stock market surge

(Newser) - A catastrophic computer crash shut out dismayed London traders from the market yesterday as stocks soared around the world in the wake of the US bailout of Freddie Mac and Fannie Mae, the Times of London reports. The seven-hour systems failure at the London Stock Exchange is estimated to have... More »

Stories 21 - 40 | << Prev   Next >>
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne