October 12th, 2008
The following is President Bush’s statement Saturday on the financial crisis, as released by the White House. He spoke in the Rose Garden after meeting with financial ministers from the G-7 nations:
Thank you all very much. Good morning. [Treasury] Secretary [Henry] Paulson, Secretary [of State Condoleezza] Rice and I just had a productive discussion with [...]
Filed under: Stock Market Crash 2008, Stock Market Crash 2009, Stock market, Stock market crash, Stock market for dummies, Stock market game, Stock market quotes, Toronto Stocks, U.S. Stock Market, investing in stock market, money stock market, nasdaq stock market, online stock market, stock exchange, stock market canada, stock market index, stock market prices | No Comments »
October 12th, 2008
US stock markets have suffered their worst week on record following another torrid day of trading despite growing hopes that the government could step in to guarantee bank deposits and lending between financial institutions.
The Dow Jones fell 456.3 to 8122.2 leading to a 21pc fall over the week after the index on Thursday suffered its [...]
Filed under: Stock Market Crash 2008, Stock Market Crash 2009, Stock market crash, Stock market for dummies, Stock market hours, Stock market news, Stock market quotes, Stock market tips, Stock market today, Toronto Stocks, U.S. Stock Market, nasdaq stock market, online stock market, stock exchange, stock market canada, stock market history, stock market investing | No Comments »
October 11th, 2008
US stock markets have suffered their worst week on record following another torrid day of trading despite growing hopes that the government could step in to guarantee bank deposits and lending between financial institutions.
Filed under: Stock Market Crash 2008, Stock market crash, Stock market hours, Stock market news, Stock market today, Toronto Stocks, U.S. Stock Market, money stock market, online stock market, stock exchange, stock market canada, stock market crash of 1929, stock market history, stock market index, stock market prices | No Comments »
October 11th, 2008
WASHINGTON (MarketWatch) — President Bush urged global finance leaders on Saturday to work together on plans to fix “the serious global crisis” in credit markets. “We’re in this together.
Filed under: Stock Market Crash 2008, Stock market crash, Stock market game, Stock market hours, U.S. Stock Market, investing in stock market, money stock market, nasdaq stock market, online stock market, stock market canada, stock market crash of 1929, stock market prices | No Comments »
October 11th, 2008
The Dow Jones Industrial Average capped the worst week in its 112-year history with its most volatile day ever, as hopes for a major international bank-rescue plan were overwhelmed at day’s end by another wave of selling.
Some investors who normally would be jumping to buy beaten-down stocks after a 22% drop over eight trading days [...]
Filed under: Stock Market Crash 2008, Stock Market Crash 2009, Stock market crash, Stock market news, Stock market report, Stock market today, U.S. Stock Market, money stock market, nasdaq stock market, online stock market, stock exchange, stock market canada | No Comments »
October 11th, 2008
Treasury planning a program to attract private capital alongside public capital to financial institutions.
NEW YORK (CNNMoney.com) — Treasury Secretary Henry Paulson said on Friday that the U.S. government was working on a plan to buy stock in financial institutions by using part of the $700 billion authorized by Congress to stabilize the financial system.
“We are [...]
Filed under: Stock Market Crash 2008, Stock Market Crash 2009, Stock market crash, U.S. Stock Market, investing in stock market, money stock market, online stock market, stock exchange, stock market canada | No Comments »
October 11th, 2008
The troubled automaker issues a statement saying that it is not considering bankruptcy, after its shares sank 31% in Thursday trading.
NEW YORK (CNNMoney.com) — General Motors is not considering bankruptcy, the company said in a prepared statement Friday. The announcement was in response to the automaker’s precipitous stock price decline the previous day, a spokesman [...]
Filed under: Stock Market Crash 2008, Stock Market Crash 2009, Stock market, U.S. Stock Market, investing in stock market, money stock market, nasdaq stock market, online stock market, stock exchange, stock market canada | No Comments »
October 11th, 2008
General Motors insisted yesterday that bankruptcy was not an option, despite facing what it described as “unprecedented challenges”.
Fears have been growing that the biggest US carmakers, GM and Ford, are close to calamity as the crisis in the financial markets has bled into the real economy.
Shares in the pair were back under pressure in early [...]
Filed under: Stock market, Stock market crash, investing in stock market, money stock market, nasdaq stock market, online stock market, stock exchange, stock market canada | No Comments »
October 11th, 2008
Markets to worsen before stocks hit rock bottom
So, in these uncertain times, what to do about your stock portfolio?
Some of us might be tempted by the bargains emerging in the incredible shrinking stock market. But we’re waiting to exhale.
Since last fall, when the looming global credit crisis first began to command the attention of the [...]
Filed under: Stock market, Stock market crash, investing in stock market, money stock market, nasdaq stock market, online stock market, stock exchange, stock market canada | No Comments »
October 11th, 2008
NEW YORK (CNNMoney.com) — Seized-up credit markets began to see the first small signs of easing Friday, but anxiety over the long-term prospects for recovery is keeping lenders mostly sidelined.
The overnight interbank lending rate, known as Libor, fell by half, suggesting that banks are becoming more willing to lend to each other in the very [...]
Filed under: Stock market crash, U.S. Stock Market, investing in stock market, money stock market, online stock market, stock exchange, stock market canada, stock market crash of 2008 | No Comments »