Sep 18 World Banks Add Liquidity to Markets, Speculation Grows Over New Mergers By PBS News Hour The world's central banks injected $180 billion into markets early Thursday to revive a global financial system that had nearly ground to a halt amid a crisis on Wall Street and to ensure the banks can access enough cash for… Continue reading
Sep 17 Stocks Plunge Despite Fed's $85B Bailout of AIG By Admin, PBS News Hour Even though the U.S. government threw an $85 billion lifeline to troubled insurer American International Group, Inc. Tuesday, U.S. stocks took another beating Wednesday led by plummeting shares of investment banks Morgan Stanley and Goldman Sachs. Continue reading
Sep 16 Watch Fed Aims to Stabilize Markets as Jittery Investors Watch AIG With the financial industry still reeling from Monday's collapse of key institutions, the Federal Reserve pumped another $70 billion into the teetering system Tuesday. Two business journalists discuss the Fed's relief efforts. Continue watching
Sep 16 Fed Rejects Rate Cut, Global Markets Retreat amid Wall Street Turmoil By Admin, PBS News Hour The Federal Reserve Tuesday announced it will not lower a key interest rate below 2 percent despite Wall Street's major troubles and a drop in global markets. Continue reading
Aug 14 Energy, Food Costs Push Consumer Prices up, Fueling Inflation Fears By Admin, PBS News Hour The Labor Department reported a 0.8 percent rise in consumer prices in July -- double the expected rate -- sending inflation on its fastest annual pace in 17 years. Continue reading
Jul 18 Watch Bailout of Mortgage Firms Could Set Risky Precedent As the nation's housing woes continue, the government announced a plan this week to shore up mortgage-giants Fannie Mae and Freddie Mac. Paul Solman weighs the role of government intervention and the possible ramifications of rewarding risky financial behaviors. Continue watching
Jul 17 Watch Fannie Mae CEO Defends Mortgage Giant's Stability Fannie Mae CEO Daniel Mudd reacts to questions about the stability of the mortgage-lending giant after the government took steps earlier this week to back Fannie Mae and Freddie Mac in order to maintain stability and confidence in U.S. financial… Continue watching
Jul 15 Watch Government Bailouts, Poor Growth Fuel Concerns Over Banking Sector Troubling economic reports and bleak forecasts from the nation's economic policymakers have fueled new concerns over the health of the economy and the stability of the nation's banks. Banking experts offer insight. Continue watching
Jul 15 Watch Continued Economic Concerns Draw Attention on Hill Amid signs of continued economic distress, President Bush and the nation's top economic policymakers fanned out across Washington, seeking to reassure roiling markets, skittish investors, and a worried public. Ray Suarez wraps up the latest economic news. Continue watching
Jul 15 Bernanke: Economy Faces 'Numerous Difficulties' By Admin, PBS News Hour Amid a flurry of government-backed steps to fortify the U.S. economy, Fed chief Ben Bernanke told lawmakers Tuesday the economy continues to face "numerous difficulties" including turbulent financial markets, rising unemployment and housing troubles. Continue reading