AP – The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American dollars.
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AP – World stock markets took a beating Monday over fears that the U.S. economy was heading back into a recession just as the European debt crisis was heating up and the eurozone’s economic indicators were slumping.
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Read More »Reuters – The Senate Banking Committee on Friday said it will vote next week on the nominations of seven individuals for senior federal regulatory positions, including two Securities Exchange Commission members.
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Reuters – Shares of Bank of America Corp , Citigroup Inc , Goldman Sachs Group and Morgan Stanley skidded Wednesday, evidence that when the market sneezes financial stocks get pneumonia.
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Read More »AP – Global financial markets have been on a wild ride the past two weeks. Political gridlock in Washington brought the U.S. close to defaulting on its debt; European leaders scrambled to prevent a debt crisis from spreading to Italy and Spain; and news on the U.S. economy showed that growth has slowed. Here’s how markets reacted.
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AP – Since when does the stock market take its cues from the market for silver, oil and pork bellies? When it’s really the dollar that’s driving the action.
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AP – A free-fall in commodities and an unexpected jump in unemployment claims put financial markets on edge, dragging the stock market lower.
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