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.
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.
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.
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.
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.
Many say the Securities and Exchange Commission didn't enforce Wall Street Laws.
Markets will be waiting to hear from Fed Chairman Ben Bernanke today, reports CNBC's Steve Liesman
Germany's DAX index opens over 1.5 percent higher after suffering record losses the previous day, ending 7 percent down.
The Wall Street veteran discusses how to set the bailout in motion.
Jim Cramer points out the risks investors face when they choose to do nothing and advises selling.
It's day two at the NABE conference, where the group is waiting for Ben Bernanke to speak, reports CNBC's Steve Liesman
Activist hedge fund manager Bill Ackman reacts to the government's response to the turmoil, with CNBC's Becky Quick
The latest developments in Europe, with CNBC's Michelle Caruso-Cabrera
Jim Cramer explains why Dan Dicker's plan to use the Chicago Mercantile Exchange as an open market for credit default swaps is right on the money.
Dan Fitzpatrick examines three stocks viewed on RealMoney.com. Today's stocks include Wachovia Bank, Goldman Sachs and Apple.
The government has said there is reason to believe Petters schemed investors out of more than $3 billion since 1995, Sue Turner reports (1:54).
The Dow starts at another record low today. When the final bell sounded last night, the Dow Jones industrial had lost almost 370 points. Concerns about the economy will take center stage in Nashville tonight as Barack Obama and John Mccain square off in their second presidential debate.