The Dow Jones dropped Thursday to its lowest point since September 2006, due to economic woes and soaring oil prices across the country. A chief investment officer examines the impact of the bleak news on the national economy. Continue reading
The nation’s unemployment rate hit 5.5 percent in May as employers cut some 49,000 jobs, providing a fresh snapshot of a still-struggling U.S. economy. Mark Zandi, chief economist with Moody’s Economy.com, explains the new Labor Department report and what it means for the economy. Continue reading
Treasury Secretary Henry Paulson said Wednesday that investment banks may require the same government oversight that commercial banks face if they will borrow federal money. Economic analysts weigh the pros and cons of increased federal regulation. Continue reading
Question/Comment: Can you give any positive commentary to help reassure small investors that there is a reasonable chance to expect integrity when dealing with Wall Street? Paul Solman: More than in the past, say? I don’t see why. Here’s an … Continue reading
Wall Street and global financial markets took a dive this week, fueled largely by concerns over a slowing U.S. economy. Economics correspondent Paul Solman explains the wild week on Wall Street, and explores the larger causes behind the turmoil. Continue reading
- What’s up with the stock market? Can we have a bull market and a bear market in different sectors at the same time?
Question/Comment: What’s up with the stock market? I thought it was supposed to be a leading indicator of economic conditions. But over the last months, the market seems to respond more to interest rate levels in addition to insignificant economic … Continue reading
The government released several new economic reports and Wall Street endured a roller coaster week of trading — all of which served to underscore recent uncertainty about the state of the U.S. economy. Two finance reporters discuss the reports and other economic indicators. Continue reading