stocks

Stocks Continue Rally, End Best Week Since Nov.

By Admin, PBS News Hour

U.S. stock markets added gains Friday after a mixed trading day, continuing their rare four-day rally and ending their best week since November.

What Are the Benefits of the Stock Market?

Question: How does having a stock market benefit the entire country? To the extent that IPOs represent a mechanism for gaining funds for projects that increase profits, it is very useful. But don’t stocks…

What’s the Significance of the Dow Dropping Below 7,000 Points?

By Business Desk

Question: What’s the significance of the Dow dropping below 7,000? Paul Solman: Just another number. To the extent that people focus on it, however, it can have the effect of increasing the anxiety over stock prices, and lead to more…

Government Expands AIG Rescue, Stocks Slump

By PBS News Hour

The federal government said Monday that it would give floundering insurer American International Group access to an additional $30 billion in U.S. taxpayer money as part of a newly revamped rescue plan.

Wall Street Teeters, Obama Presses Economic Plan

By Admin, PBS News Hour

Wall Street rang up fresh losses in early trading Wednesday as the Obama administration pressed its economic plan and moved forward with preparations to begin new "stress tests" on the banking system.

Obama Links $500,000 Executive Pay Cap to Bailout Funds

By Admin, PBS News Hour

President Barack Obama and Treasury Secretary Timothy Geithner announced Wednesday a pay cap of $500,000 for top executives at companies that receive federal dollars under the Troubled Asset Relief Program for struggling banks and corporations.

Retail Sales Suffer Record Plunge as Consumers Hunker Down

By Admin, PBS News Hour

Retail sales endured a 2.8 percent drop last month -- their largest plunge on record, the Commerce Department reported Friday.

New Jobless Claims Nearly Hit Post-Sept. 11 Level

By PBS News Hour

After skyrocketing in recent months, the number of newly laid-off U.S. workers seeking unemployment benefits jumped last week to the highest level since just after the Sept. 11, 2001, terrorist attacks.

Global, U.S. Markets Struggle as Worries Persist for Automakers

By Admin, PBS News Hour

Global financial troubles worsened Tuesday as stocks fell in many markets and analysts grew more concerned that the worldwide economic downturn is deepening.

Dow Jumps Nearly 900 Points Despite Report of Low Consumer Confidence

By PBS News Hour

Investors looking for a bargain in devalued stocks helped the Dow Jones industrials soar nearly 900 points, the second-biggest one-day point gain ever, on Tuesday.