October 20, 2008
Fed chief backs another stimulus package.
The head of the Federal Reserve is backing the idea of a second economic stimulus to help Americans.
Asian stocks advance to start week
South Korea’s government moved to shore up the country’s banking system amid the global credit crisis.
October 18, 2008
Bush says economy will bounce back in the long run
French President Nicolas Sarkozy (sahr-koh-ZEE’) and European Commission President Jose Manual Barroso will be talking about the economy with President Bush today.
October 16, 2008
New economic reports loom on Wall Street
Today in Washington, we get a fresh batch of economic reports, a day after another big sell-off on Wall Street. The Dow fell another 733 points.
October 14, 2008
In new era, U.S. to buy $250 billion in bank stakes
NEW YORK (Reuters) - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort.
President to reveal bailout expansion
President Bush is ready to announce a greatly expanded bid to protect the nation’s banking system. He’ll give details at the White House this morning.
Fixing your credit score
In these tough economic times do you know everything you can about all those credit cards in your wallet?
October 13, 2008
A happy Monday (so far) on Wall Street
Stocks here and around the world rallied Monday afternoon on news that a worldwide financial rescue is underway.
Buyers put brakes on car sales
Consumers are putting the brakes on major purchases, including cars.
Central banks announce liquidity boosting measures
Five central banks, including the Federal Reserve and the European Central Bank, announced Monday new measures aimed at thawing frozen credit markets and bolstering funding to banks.
World markets spring to life
As markets opened in Europe, Britain’s FTSE-100 shot up 5.7 percent, Germany’s DAX climbed 6.4 percent and France’s CAC-40 advanced 6.8 percent.
October 11, 2008
Early White House meeting of G-7 countries
An early morning White House meeting of the world’s biggest economic powers has brought more assurances, but apparently no new strategies on the credit crunch.
October 10, 2008
U.S. leaders try to slow world market meltdown
As world finance ministers look at the big picture in Washington this weekend, workers around the country are starting to see the impact of this credit crunch.
Wall Street ends a wild week
Wall Street has ended a wild session with its best showing of the week.
Bush: Rescue Plan Can Work
President Bush said today that the government’s financial rescue plan is aggressive enough and big enough to work.
