Sen. Barack Obama says the middle class needs a rescue package similar to one given to Wall Street.
Wall Street drubbing continued Tuesday, with a 500-point loss bringing the Dow's two-day scalding to nearly 900 points.
The week after the passage of the $700 billion+ bailout bill has been less than stellar on Wall Street. TXA 21 talked with Financial Analyst Jim LaCamp live during the txa21tv.com economic webcast.
H.C. Wainwright senior economist, John Tamny discusses the UK government bailout plan and world government intervention.
Stocks were battered again Tuesday as investors looked for relief from the Federal Reserve. Meanwhile, people are wondering what to do with their money. KING 5's Don Porter has the latest.
Economists team up to denounce one candidate's financial proposals
How can you protect your assets as the misery worsens on Wall Street? A financial planner sat down with the Associated Press to discuss the market crisis. (Oct. 7)
A five-day slide on Wall Street for the Dow and S&P 500 brought those key indices to their biggest losing streak on record.
Credit Suisse interest rate strategy director, Ira Jersey discusses inflation, lowering credit rates, and the world markets.
The Dow sank another 500 points today, closing below 9,500 points. The NASDAQ fell 109 points, and the S&P went down another 60. CBS 2's Lou Young has more on the stock market drop from a gloomy Wall Street.
Court documents show the government thinks Tom Petters took more than $3 billion from investors since 1995 in a fraud scheme. Federal charges against him include conspiracy, money laundering and obstruction of justice, Esme Murphy reports (3:53).
Even the weather seems to be more predictable than the economy these days. Tuesday, President Bush and Fed Chariman Ben Bernanke both tried to calm investors, but Wall Street took another pounding. KVUE's Mike Goldfein reports
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.
In a dramatic shift, Federal Reserve Chairman Bernanke signaled a readiness to lower U.S. interest rates in an effort to support an economy battered by financial crisis.
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.
Main Street businesses could get a boost as the Federal Reserve steps in to buy commercial paper.
The Dow dives another 500 points, and pension plans have lost as much as two trillion dollars in the past 15 months. CBS 2's Kathryn Brown begins our team coverage live on Wall Street.
President Bush, trying to calm fears after steep stock market declines, said the U.S. economy will recover in the long-term
Fed's Ben Bernanke speaks on economy and financial markets at NABE meeting.
Wall Street has had yet another dismal day, extending its heavy losses as investors' worries about the financial sector wiped out early enthusiasm over the Federal Reserve's efforts to inject confidence into the credit markets; Kathryn Brown reports.
Trying to calm fears after steep stock market declines, U.S. President George W. Bush said while times were tough now, the U.S. economy would recover in the long term.
Federal Reserve Chairman Ben Bernanke warned that the outlook for economic growth has worsened.
U.S. stocks plummeted violently Monday, as it became apparent that the credit crisis had spread beyond America into Europe and Asia. In the last hour, the major indices rallied off the worst of their lows for the day, but they still ended in deeply negative territory.
Marek Fuchs alternately praises and condemns reports that extract meaning from Friday's crazy rumor about Steve Jobs' health.
Jim Cramer says we need inflation and we need to cut rates.
Teddy Weisberg of Seaport Securities tells Debra Borchardt that an oversold market can lead to technical rallies.
Jim Cramer on why the financial crisis survivors aren't necessarily good buys.
Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain. (Oct. 7)
Federal Reserve Chairman Ben Bernanke speaks at the National Association of Business Economics' annual meeting.
In a move to dramatically cut costs and better compete with Intel Corp., chip maker Advanced Micro Devices Inc. said Tuesday it will spin off its factories into a new joint venture with investors in the Persian Gulf state of Abu Dhabi.
Stocks fluctuated in quiet trading Tuesday as investors appeared to adopt a wait-and-see approach to the range of options the Federal Reserve has laid out to inject the sluggish credit markets with a dose of much-needed confidence. Trading remained fractious, and the major indexes alternated between gains and losses a day after the market suffered another huge drop.
The Federal Reserve announces plans to begin buying commercial paper in another move aimed at calming chaotic financial markets.
Former Federal Reserve Governor Wayne Angell discusses Fed Chairman Ben Bernanke and what he needs to do to restore confidence.
Former Federal Reserve Governor Wayne Angell discusses what steps need to be taken to calm the markets.
Stocks were flat after the Fed said it would buy companies' short-term debt and investors looked for coordinated interest-rate cuts from central banks.
Asian stock markets have opened down sharply amid investor fears of a global economic slowdown.
The Federal Reserve will begin buying commercial paper in a special measure aimed at restoring confidence in another bruised market.
Should you sell your stocks? Steve Forbes weighs in
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. (Oct. 7)
Neal Lipschultz, Dow Jones Newswires managing editor, discusses the credit freeze and if the rescue plan can get credit flowing again.