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Interest Rates
Fed, in emergency move, will lend to companies
- Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.
- Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.
Fed to lend to companies in emergency move
- Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.
- Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.
Bush to America: Hang in there
- President Bush on Tuesday told a country engulfed by dire economic news that it should not expect a sudden recovery, but rather a gradual rebound that will test people's patience.
- President Bush on Tuesday told a country engulfed by dire economic news that it should not expect a sudden recovery, but rather a gradual rebound that will test people's patience.
Dow dips more than 500 on worries about financials
- The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector.
- The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector.
Stocks tumble as Street worries about financials
- The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector.
NADA chair says 700 dealers to likely close
- The chairwoman of the National Automobile Dealers Association says the credit crunch and economic problems are likely to cause 700 auto dealers to go under this year.
Fed to buy massive amounts of short-term debt
- The Federal Reserve moved swiftly to break through a credit clog that is imperiling the economy, saying Tuesday it would buy massive amounts of short-term debt and hinting that it may cut interest rates.
- The Federal Reserve moved swiftly to break through a credit clog that is imperiling the economy, saying Tuesday it would buy massive amounts of short-term debt and hinting that it may cut interest rates.
Dow drops more than 350 on worries on financials
- Wall Street sank further Tuesday, extending its heavy losses as enthusiasm over Federal Reserve efforts to inject confidence into credit markets gave way to concerns about financial companies' balance sheets. Trading remained fractious, with the Dow Jones industrial average losing nearly 400 points and all the major indexes falling well over 3 percent.
- Wall Street sank further Tuesday, extending its heavy losses as enthusiasm over Federal Reserve efforts to inject confidence into credit markets gave way to concerns about financial companies' balance sheets. Trading remained fractious, with the Dow Jones industrial average losing nearly 400 points and all the major indexes falling well over 3 percent.
Fed minutes show policymakers saw balanced risks
- Even in the midst of a severe meltdown on Wall Street, Federal Reserve officials at their September meeting believed the risks from weaker growth and higher inflation were roughly equal.
Stocks decline as Street worries about financials
- Stocks extended their declines Tuesday as enthusiasm over the Federal Reserve's latest efforts to inject frozen credit markets with a dose of much-needed confidence gave way to concerns about financial companies' balance sheets. Trading remained fractious, with the Dow Jones industrial average losing about 150 points.
Stocks fluctuate after Fed corporate debt plan
- Stocks fell in quiet trading Tuesday as enthusiasm over the Federal Reserve's latest efforts to inject frozen credit markets with a dose of much-needed confidence gave way to concerns about the balance sheets of some financial companies. Trading remained fractious, and the major indexes alternated between gains and losses a day after the market suffered another huge drop.
Fed move boosts European stocks
- World stock markets on Tuesday recovered some of their hefty losses from the previous day, helped by a steady opening on Wall Street after the U.S. Federal Reserve announced that it would buy massive amounts of short-term debts in an attempt to ease tight credit markets.
- World stock markets on Tuesday recovered some of their hefty losses from the previous day, helped by a steady opening on Wall Street after the U.S. Federal Reserve announced that it would buy massive amounts of short-term debts in an attempt to ease tight credit markets.
Wall Street shows modest rebound after global rout
- Wall Street rose moderately early Tuesday, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will help unclog the credit markets. The markets showed some signs of easing.
