US Stocks Fall Following Bernanke, Minutes
Central Banks Make Moves to Shore up Credit and Money Markets; US Stocks Fall Following Bernanke, Minutes
AUS RBA Slashes Rates by 1% to 6% in Bold Move
The RBA slashed its benchmark interest rate by a full 1 percent at the conclusion of its meeting. It was the biggest cut since 1992. The move can be […]
Stocks Mostly Lower ahead of Bernanke/Dollar Weakens
Stocks Mostly Lower ahead of Bernanke/Dollar Weakens
Stocks were mostly lower Tuesday morning ahead of a speech from Federal Reserve Chairman Bernanke scheduled for 13:15 EDT. Stocks got a boost at the open as the Fed announced a new lending facility designed to purchase commercial paper, which means the Fed is now making unsecured loans directly […]
Stocks up on House Vote/Dollar Slides against Euro and Pound
Stocks up on House Vote/Dollar Slides against Euro and Pound
U.S. equity markets were advancing this morning ahead of a vote on the bailout package by the U.S. House of Representatives. House Speaker Nancy Pelosi said earlier today that she would not bring the measure to a vote unless passage looked certain. “I’m optimistic about today,” […]