When the value of the U.S. dollar dropped, Americans traveling out of the country were bummed. But American companies made good money doing business overseas. Well, the tide is turning. Senior Business Correspondent Bob Moon reports.
Jittery investors pulled half a trillion dollars out of money-market funds in the past few months, tightening up another source of credit. So, it's Fed to the rescue again. Senior Business Correspondent Bob Moon reports.
A growing number of hedge funds have gone from big winners to big losers. Highland Capital Management is shutting down two of them, blaming "unprecedented market volatility." Senior Business Correspondent Bob Moon reports.
The Fed is leading an extraordinary push to restore liquidity in the world financial markets by offering "unlimited" greenback funds in auctions. So, does that mean the sky's the limit? Bob Moon finds out.
Even though Congress has agreed on a revised bailout plan, Marketplace Senior Business Correspondent Bob Moon tells host Tess Vigeland that the economy isn't out of the woods yet.
As the markets work to sort themselves out in the wake of the bailout plan's demise, the rates banks charge each other to borrow have risen to an all-time high. Marketplace Senior Business Correspondent Bob Moon reports.
A lot of investors thought the stock market was just too risky a place for their money. So stocks made a record drop. Senior business correspondent Bob Moon has that part of this incredible day's developments.
Covered bonds have been around for over 200 years, and some think they can be used to stimulate the mortgage market. But Bob Moon reports confidence has sunk so low that investors are shunning the idea.
Whenever a big package makes its way through Congress, it inevitably gets bigger. Items get added. New proposals are proposed. And while the stakes may be higher with the financial bailout proposal, this time's no different. Bob Moon reports.
