U.S stocks tumbled for a seventh straight session Thursday as investors bet recent worldwide efforts to thaw frozen credit markets would not be enough to avert a global recession. Continue reading
The House of Representatives passed hotly-debated legislation Friday to bail out the troubled financial industry by a 263-171 vote, agreeing to the Senate bill that passed on Tuesday and sending it to the White House for President Bush’s signature. Continue reading
Driven down by sagging demand for vehicles, U.S. retail sales had their worst showing in five months in July, according to newly released government figures. Continue reading
- Do you believe that some of the run up in oil prices is based on speculation in the commodoties markets?
Question/Comment: Do you believe that some of the run up in oil prices is based on speculation in the commodities markets? My understanding is that the amount of funds et al. playing in oil futures has risen more than 70 … Continue reading
Question/Comment: If the Dow Jones goes up by 200 points how are these 200 points measured? Paul Solman: Roughly, the sum of the stock prices of the 30 companies in the Dow Jones industrial average, companies chosen as the biggest … Continue reading
As News Corp.’s Rupert Murdoch finalizes a deal to buy Dow Jones & Co., the publisher of the Wall Street Journal, a journalism professor and a Wall Street Journal veteran assess what the move may mean for American journalism. Continue reading