Bank stocks got hammered for a second straight day today. Most are at 12-month lows and some are sinking even deeper. It's all about the subprime mess. But while investors are spooked, some analysts say the sector is doing just fine. Jill Barshay reports.
Asian markets shook after yesterday's Wall Street decline, adding to China's fear that a weak U.S. economy means less Holiday work. Scott Tong explores the impact of the U.S. consumer on the Chinese market.
The European markets reacted swiftly to yesterday's slide on Wall Street. As Stephen Beard reports, investors are worried the subprime crunch could be entering a second, nastier phase.
Wall Street is the last thing you'd think a nonprofit involved with charities would want to emulate. But Jill Barshay reports one company is using stock-exchange mentality to keep giving organizations in line.
New European Union rules are setting out to make trading stocks easier across Europe's borders. But Stephen Beard reports the rules could be bad news for national exchanges across the continent.
Who's to blame for the mortgage mess that's still reverberating through the economy? Commentator Robert Reich thinks it's the same people who cashed in before the credit bubble burst.
While the Fed is cutting interest rates to ward off an economic slowdown, the latest GDP numbers are strong — a seeming schizophrenia that has markets jumping around. But many economists have an explanation that encompasses all the numbers. Steve Tripoli reports.
The Fed is finishing up its two-day meeting on interest rates today, and Wall Street is demanding an interest rate cut. Alisa Roth explains how some Wall Streeters are acting out like spoiled toddlers.
Investors are hoping the Federal Reserve will announce another rate cut after it meets today. John Dimsdale reports the economy is in better shape, but a cut could still be possible.
The Federal Reserve meets Tuesday to consider short-term interest rates. Six weeks ago Ben Bernanke and the gang obliged Wall Street with a half-point cut. John Dimsdale reports investors have their party hats ready once again.
