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added: Wed, 21st September 2005 | 292 views | 0x in favourites
feed url: http://rss.cnn.com/rss/money_mostpopular.rss
From CNN and Money magazine, CNN/Money combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
Stocks tumbled Wednesday afternoon as recession fears resurfaced following a weaker-than-expected retail sales report and dour comments on the economy from Ben Bernanke and another Federal Reserve official.
The reset button has been pushed on the global financial system - and that changes everything for the next president.
Bob Riley wanted to help. It was Sunday, Oct. 5, and the Alabama governor was on the phone with Neel Kashkari, a Treasury Department official who the next day would be named by Treasury Secretary Hank Paulson as interim leader of the government's just-approved $700 billion Troubled Asset Relief Program. But Riley couldn't wait for Kashkari's role to become official. He needed to impress upon the new bailout boss the seriousness of the exploding financial crisis in Jefferson County, home to Birmingham. Riley argued that it was urgent that the federal government come to the aid of his state - now.
The gap between presidential candidates Barack Obama and John McCain is widening ... the capital gains tax gap, that is.
Oil prices sank Wednesday as investors saw further signs of economic weakness and worried that a U.S. recession could kill demand for fuel.
By now you're well aware that the federal government recently approved a historic bill aimed to rescue our nation's faltering financial system. But what's gotten far less attention than the billions approved to prop up banks, are significant tax benefits included for individuals.
A handful of top companies actually reported decent third-quarter results Wednesday...but you wouldn't have guessed that from the way stocks sold off.
The credit markets continued to show signs of relief Wednesday, a day after the U.S. government announced plans to inject capital directly into banks by buying their stock.
In its mere five years of existence the word "Skype" has taken on an unusual dual meaning in the Internet world - known equally as a stunningly successful example of consumer adoption and a dealmaking flop of multibillion-dollar proportions.
Retail sales suffered their biggest drop in three years last month, as American households reined in spending amid a tough job market, the financial crisis and falling home values.
San Francisco Federal Reserve Bank President Janet Yellen has acknowledged what most economists have said, but few Fed officials would speak before now, using the word "recession" in commenting on the U.S. economy.
World stock markets pulled back Wednesday as investors reacted to poor U.S. retail sales, which reinforced investors' fears that the multi-billion dollar bank bailout plan would not be enough to prevent a recession.
Wells Fargo & Co. said Wednesday its third-quarter net income declined due to investment write-downs and higher credit losses, but the results were much better than expected.
Federal Reserve Chairman Ben Bernanke warned in a speech Wednesday that the U.S. economy will take some time to recover - even if the credit markets return to normal soon.
Bob Riley wanted to help. It was Sunday, Oct. 5, and the Alabama governor was on the phone with Neel Kashkari, a Treasury Department official who the next day would be named by Treasury Secretary Hank Paulson as interim leader of the government's just-approved $700 billion Troubled Asset Relief Program. But Riley couldn't wait for Kashkari's role to become official. He needed to impress upon the new bailout boss the seriousness of the exploding financial crisis in Jefferson County, home to Birmingham. Riley argued that it was urgent that the federal government come to the aid of his state - now.
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