Wall Street Upheaval May Sap Economy, Spurs Rate-Cut Pressure

The Wall Street convulsions that took down two of the largest investment banks in 24 hours threaten to make it harder for consumers and […]

Gas prices rise as Ike hits Texas

Gas prices rose for the fourth straight day as Hurricane Ike slammed the Texas Gulf Coast early Saturday morning.
According to a nationwide survey released […]

Swinging Real, Won Point to More Pain Amid Slowdown

Swings in emerging-market currencies may foreshadow further losses for traders already suffering from the broadest declines this decade.
Volatility in options covering currencies from […]

Washington Mutual tries to soothe anxiety

Washington Mutual is seeking to reassure investors by saying it has enough liquidity and capital to see it through these tough times.
The bank "continues […]

China Industrial-Output Growth Is Slowest in 6 Years

China's industrial production grew at the slowest pace in six years on weaker export demand and factory shutdowns for the Olympics, increasing the likelihood […]

Mortgage rates plummet, but borrowers beware

Mortgage rates have plummeted, but that hasn’t made getting a home loan any easier for most borrowers.
In the wake of the government’s takeover of […]

Paulson Sends Message to Freddie, Fannie Employees: Don

U.S. Treasury Secretary Henry Paulson is meeting with employees of Fannie Mae and Freddie Mac to ward off a tide of defections after the […]

Bank of America settles an auction-rate probe

Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) agreed on Wednesday to buy back $4.5 billion of illiquid auction-rate securities, settling a […]

Italian Spending and Exports Fall as Recession Looms

Italian consumer spending and exports, which account for almost 90 percent of Europe's fourth- biggest economy, declined in the second quarter, pushing the country […]

Homebuyers May Get Lower Loan Rate After Fannie, Freddie Rescue

The U.S. government takeover of Fannie Mae and Freddie Mac on Sunday may provide relief for homeowners who want to refinance mortgages and prospective […]