Wall Street investors are still anxious to hear which direction the Fed might turn next in its attempts to calm the financial markets, but Bernanke's doing everything he can to keep the "real economy" purring. Bob Moon reports.
Fed Chairman Ben Bernanke, Senate Banking Committee Chairman Christopher Dodd, and Treasury Secretary Henry Paulson came together today to reassure everyone that they're on top of any changes to the subprime-riddled economy. Bob Moon reports.
Treasury Secretary Henry Paulson and the head of the Federal Reserve bank in St. Louis had basically the same message today — despite the market unease, there's no plan for government intervention. Bob Moon has more.
Documents detailing Whole Foods' proposed takeover of the Wild Oats chain, accidentally left exposed on a court website, provide a glimpse into how the natural food chain is playing hardball against Wal-Mart. Bob Moon reports.
The federal government has offered New York City $354 million to pay for Mayor Bloomberg's proposal to charge a fee for vehicles entering the busiest areas of Manhattan. The mayor says it will be good for the economy. Bob Moon reports.
With markets around the world still rocking from the subprime lending debacle, central banks pumped a third of a trillion dollars into the global banking system to increase liquidity. Bob Moon helps us define what that means.
The Department of Homeland Security issued a revised Secure Flight passenger screening program today. And privacy rights advoctates were quick to respond. Bob Moon reports.
A week after crude oil prices reached record highs, the oil markets are looking as jittery as stocks. Oil traders are hoping the subprime mortgage spill-over doesn't become a gusher. Bob Moon reports.
Chrysler began another chapter in its 82-year history today. Private equity firm Cerberus Capital Management officially took over as new owner. But the same executives will tackle the same problems as before.
Questions about possible conflicts of interest involving stock analysts have surfaced again. Like how reliable are their recommendations, especially when they have vested ties to the stocks they're pushing? Bob Moon reports.
