Member 2088


Inflation and job losses keep consumers glum (Reuters)

27-06-2008 23h46
Reuters - Consumer confidence fell more than expected in June, hitting another 28-year low as surging prices and mounting job losses contributed to a bleak outlook, according to a survey released on Friday.

Market ends lower, Dow on cusp of bear market (Reuters)

28-06-2008 05h38
Reuters - Stocks fell on Friday, pushing the Dow to the brink of a bear market, hounded by concerns that record oil prices and the seemingly endless credit crisis will further damage the economy.

Not so fast, senators tell Fed, SEC on bank pact (Reuters)

28-06-2008 07h34
Reuters - As the Federal Reserve and securities regulators neared an agreement on investment banks, leaders of the U.S. Senate Banking Committee on Friday warned them not to get ahead of Congress with any Wall Street reforms.

Fed mulled risks from dealer window, minutes show (Reuters)

28-06-2008 04h08
Reuters - The U.S. Federal Reserve worried about exposing its balance sheet to credit risks when it launched a lending facility for top bond dealers in an emergency move in mid-March, minutes of two Fed meetings released on Friday showed.

Stocks feel bear's breath, jobs data ahead (Reuters)

28-06-2008 09h56
Reuters - Stocks will start the second half of 2008 staring into the jaws of a bear market.

Economy - Friday (Investor's Business Daily)

28-06-2008 07h48
Investor's Business Daily - The Senate confirmed Elizabeth Duke to join the Fed's 7-member Board of Governors, more than a year after President Bush nominated her and Larry Klane to fill empty seats. Klane still hasn't been confirmed. Bush also has appointed Fed Gov. Randall Kroszner to a new term. Dems aren't moving on that either, though he can stay in office until a replacement is named. Fed Gov. Frederic Mishkin will step down at the end of Aug.

Dow crosses into bear market territory (Reuters)

28-06-2008 02h27
Reuters - The Dow Jones industrial average (.DJI) of stocks slid on Friday into bear market territory as investors fretted about the impact of record oil prices and mounting credit losses in the financial sector.
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