Aug 10 Another Take on a Volatile Market By Paul Solman Financial professionals work the phones on the floor of the New York Stock Exchange in New York City. Photo by Chris Hondros/Getty Images. Sorry I didn't post Tuesday, amidst all the turmoil. I was giving a speech at Chautauqua,… Continue reading
Aug 09 Watch Fed’s Rate Freeze Punctuates Day of Wild Market Trading The Federal Reserve announced Tuesday that it expects to keep its key interest rate near zero for the next two years, where it's been since December 2008. Judy Woodruff discusses how the markets reacted to the announcement with Mesirow Financial's… Continue watching
Aug 09 Markets Jittery as Fed Announces Near-Zero Interest Rate Freeze Federal Reserve officials announced they would keep interest rates unchanged after a faltering economic recovery and a U.S. credit-rating cut provoked a rout in global stocks. Photo by Andrew Harrer/Bloomberg via Getty Images. Editor's note: Following a 634-point… Continue reading
Aug 09 Markets Jittery as Fed Announces Near-Zero Interest Rate Freeze Federal Reserve officials announced they would keep interest rates unchanged after a faltering economic recovery and a U.S. credit-rating cut provoked a rout in global stocks. Photo by Andrew Harrer/Bloomberg via Getty Images. Editor's note: Following a 634-point… Continue reading
Aug 09 Global Stocks in Flux, Possible Fed Action Boosts U.S. Markets A trader works on the floor of the New York Stock Exchange. Photo by Andrew Burton/Getty Images. Following on the heels of the Dow's worst day since 2008, global markets remained in flux amid continuing uncertainty over Europe's debt… Continue reading
Aug 08 Watch Krugman: Second Great Depression Unlikely, But a ‘Lesser Depression’ Is Will Latest Market, Credit Woes Add Up to a 'Global Recession'?… Continue watching
Aug 08 Dow Closes Down 600 Points in Worst Day Since 2008 Photo by Getty Images. Updated 8:16 p.m. ET | Stocks plummeted Monday in their worst showing since 2008, sending the Dow below 11,000 and rattling investor confidence in the latest hit to the U.S. economy. The dive follows Friday's… Continue reading
Aug 08 International Investors Weigh Options After U.S. Downgrade By Larisa Epatko The latest U.S. economic woes could be wielding a larger impact overseas if it weren't for two things: a lack of foreign investment options for U.S. dollars and the economic problems of other regions of the world, some analysts say. Continue reading
Aug 08 Obama: Economic Problems Stem From a ‘Lack of Political Will’ In a televised statement Monday, President Obama acknowledged concern over Standard & Poor's downgrading of the United States' credit rating but indicated it was a wake-up call for Washington as much as an economic shift. "After witnessing… Continue reading
Aug 08 Political Checklist: Credit Downgrade Fallout and GOP’s Iowa Straw Poll EmbedVideo(1191, 482, 304); Political Editor David Chalian and Judy Woodruff discuss the political fallout from Standard & Poor's decision Friday evening to downgrade the U.S. credit rating and examine which political party stands to lose from the… Continue reading