Reuters - Japan pledged fresh measures on Monday to try to shield the world's second-biggest economy from the global financial crisis and said the Group of Seven would issue a joint statement on the yen.
Original post by Reuters and software by Elliott Back
Continue reading about Japan to take fresh crisis action (Reuters)
AP - In a typical recession, stocks start recovering about six months before the economy does. The crisis we're in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening on a massive scale, and economic troubles have spread all over the globe.
Original post by AP and software by Elliott Back
Continue reading about More weak data, hedge-fund selling seen this week (AP)
Reuters - Standard & Poor's 500 index futures opened the week on a slightly firmer footing after Wall Street's latest drubbing on Friday, edging about 2 points higher as trading got underway in Asia's Monday morning session.
Original post by Reuters and software by Elliott Back
Continue reading about S&P futures start week up in early Asian trade (Reuters)
Reuters - Investors anxiously awaited Monday's reopening of Asian markets after last week's dramatic worldwide slide in stock prices and currency collapses on increasing fears of a deep global recession.
Original post by Reuters and software by Elliott Back
Continue reading about Recession fears haunt markets (Reuters)
Reuters - The average retail price for a gallon of gasoline in the United States plunged more steeply than ever over the last two weeks as the economic slowdown weighed on crude oil and drove consumers off of the roads, according to the latest nationwide Lundberg survey.
Original post by Reuters and software by Elliott Back
Continue reading about Gasoline prices in steepest drop ever (Reuters)
Reuters - The more than $4 trillion that governments have thrown at the financial crisis pales in comparison with the wealth destroyed in falling stock markets, and conditions may get worse as economic reality sets in.
Original post by Reuters and software by Elliott Back
Continue reading about Recession reality setting in slowly (Reuters)
AP - Bankers and brokers looking to escape the financial meltdown are scrambling to relocate their families, possessions and rarified talent far from Wall Street to places such as Florida, Chicago, Milwaukee, Virginia and Asia.
Original post by AP and software by Elliott Back
Continue reading about Wall Street workers leaving NYC for fresh start (AP)
Reuters - The U.S. Federal Reserve is expected to cut lending rates at a two-day policy meeting this week in response to unprecedented turmoil in financial markets and the threat of a global recession.
Original post by Reuters and software by Elliott Back
Continue reading about Fed to slash rates as recession looms (Reuters)
Reuters - Examiners with the Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group, The Wall Street Journal said on Saturday.
Original post by Reuters and software by Elliott Back
Continue reading about Fed questions counterparties about Citadel: report (Reuters)
Reuters - Whichever way this week plays out on Wall Street, the market is likely to close out an October that stock investors would rather forget.
Original post by Reuters and software by Elliott Back
Continue reading about Ugly October can’t end soon enough (Reuters)
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