Oct 06 Stocks Drop Over Continuing Credit Fears By PBS News Hour U.S. stocks fell more than 6 percent Monday morning and the Dow Jones industrial average fell below 10,000 for the first time since October 2004. Continue reading
Oct 03 House Passes $700 Billion Financial Bailout Bill By Admin, PBS News Hour 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
Oct 02 Reports: High Unemployment, Low Manufacturing By PBS News Hour Stocks dropped early in trading Thursday after the government reported that the number of people seeking unemployment benefits rose to a seven-year high and that orders for manufactured goods dropped by 4 percent in August. Continue reading
Sep 30 President Urges Congress to Take ‘Decisive Action’ on Bailout By Admin, PBS News Hour Stocks opened higher Tuesday morning, but financial markets remained troubled a day after the House voted down a $700 billion rescue plan for the financial sector that the Bush administration and congressional leaders had agreed was necessary. Continue reading
Aug 13 Sagging Interest in Motor Vehicles Drives July Retail Sales Down By PBS News Hour 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
Aug 05 Do you believe that some of the run up in oil prices is based on speculation in the commodoties markets? By Business Desk 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
Jul 11 Paulson: No Bailout for Fannie Mae, Freddie Mac By Admin, PBS News Hour Amid worries that Fannie Mae and Freddie Mac might run short of capital, Treasury Secretary Henry Paulson said Friday the government would support them "in their current form as they carry out their important mission."… Continue reading
Mar 17 Fed Makes Weekend Move to Aid Credit Markets By Admin, PBS News Hour Amid news of a fire sale buyout deal for lending group Bear Stearns, the Federal Reserve took more bold action over the weekend. Continue reading
Feb 08 If the Dow Jones goes up by 200 points how are these 200 points measured? 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
Jan 22 Fed Slashes Key Rate as World Markets Tumble By Admin, PBS News Hour After many world financial markets suffered their biggest losses Monday since the Sept. 11 terrorist attacks, the Federal Reserve slashed a key interest rate by three-quarters of a percentage point on Tuesday -- its biggest cut in more than 23… Continue reading