Published: June 9th, 2008 02:14 PM Last Modified: June 9th, 2008 02:49 PM President Bush's forceful call on Monday for a stronger U.S. dollar in the world economy may be coming a little late for Americans fed ...
Barack Obama ramped up his search for a running mate on Monday, consulting with one congressional ally by phone and dispatching members of his vice presidential vetting team to the Capitol for meetings.
Lehman Brothers Holdings Inc on Monday raised $6 billion in capital and projected a worse-than-forecasted quarterly loss, sending its shares swooning to a new five-year low.
CIT Group Inc. , the commercial lender trying to escape a cash squeeze, rose 13 percent in early New York trading after Goldman Sachs Group Inc.
Lehman Brothers this morning downgraded continental European stocks to "underweight" from "overweight," while raising US equities to "overweight" from "underweight." The brokerage cut its weighting in ...
Analysis by Mike Ryan of UBS Financial Services Inc.
Wall Street headed for a higher open Monday as investors looked to recover from a huge sell-off triggered by soaring oil prices. The price of oil backed down slightly in premarket trading, with light sweet crude down 78 cents at $137.76 a barrel on the New York Mercantile Exchange. Stock investors were unnerved Friday when oil rocketed past $11 a barrel, and that caused the worst tumble on Wall Street in 15 months.
The reasons behind oil's record-breaking run are somewhat to the market _ but its effect on the economy is not. If consumers face higher energy costs, they will pare back their discretionary spending more than they already have.
Wall Street headed for a higher open Monday as investors looked to recover from a huge sell-off triggered by soaring oil prices.
The price of oil backed down slightly in premarket trading, with light sweet crude down $1.22 at $137.32 a barrel. Stock investors were unnerved Friday when oil rocketed up $11 a barrel above $138, and that caused the worst tumble on Wall Street in 15 months.
The reasons behind oil's record-breaking run are similar to those affecting the market _ but its effect on the economy is not. If consumers face higher energy costs, they will pare back their discretionary spending more than they already have.
Rising crude prices and weakening global markets today pulled down the benchmark index below 15,000 mark with the market dipping over 700 points due to heavy selling.
Tennessee continues to have the highest personal bankruptcy rate in the nation and experts are predicting even more filings next year because of the slowing economy.
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