Monthly Archives: October 2008

By Brian Blackstone and Maya Jackson Randall OCTOBER 29, 2008, 2:27 P.M. ET WASHINGTON — The Federal Reserve on Wednesday slashed interest rates to four-year lows, capping a dramatic policy turn in October as the U.S. confronts a severe financial … Continue reading →

NEW YORK (MarketWatch) — Gold futures gained more than 3% Wednesday, heading for the biggest one-day gain in more than five weeks, as rallies in global stock markets and expectations of a possible interest-rate cut in the U.S. pushed prices … Continue reading →

16th Bank to Close – Depositors to Lose Millions ALPHARETTA, Ga. (Oct. 24) – Georgia has shut down a failed suburban Atlanta bank. The Georgia Department of Banking and Finance closed the two branches of Alpha Bank and Trust in … Continue reading →

Oct. 24 (Bloomberg) — Global stocks from Seoul to Stockholm tumbled to the lowest since August 2003 on concern the deepening economic slump will damage earnings. Oil dropped to a 16-month low and the yen reached the highest since 1995 … Continue reading →

ASHOK B SHARMA Posted: Oct 20, 2008 at 2350 hrs IST The host of problems in the global economy, like the subprime meltdown, the financial crisis downturn in the equity markets, along with commodity prices still remaining at high levels, … Continue reading →

In an interview on Bloomberg.com, Paul Krugman, recent winner of the Nobel Prize for Economics, says that if credit does not start flowing in the next couple of weeks, the results will be catastrophic. He stated that even though unemployment … Continue reading →

OCTOBER 15, 2008, 5:47 P.M. ET Dire economic data knocked stocks sharply lower Wednesday, with the S&P 500 posting its worst single-day percentage decline since Black Monday 1987, as investors braced themselves for an ugly recession. The session’s drop rekindled … Continue reading →

Commentary: There are plenty more shoes to drop By MarketWatch Last update: 9:52 a.m. EDT Oct. 14, 2008 The following First Take is real-time analysis and opinion by the MarketWatch commentary team. LONDON (MarketWatch) — Euphoria over bank bailouts and … Continue reading →

Traditional ‘safe haven’ proving popular as global equity markets continue to fall Carla Wilson, Times Colonist Published: Wednesday, October 15, 2008 Gold fever is spreading around the world. Mints are cranking out as many gold coins as they can to … Continue reading →

By Moming Zhou Last update: 8:26 a.m. EDT Oct. 14, 2008 NEW YORK (MarketWatch) — Gold prices could hit $1,500 as global plans to rescue the financial industry are set to increase inflation pressures, according to analysts led by Francisco … Continue reading →