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Stocks knocked down by Bernanke Feb. 14 - U.S. stocks suffered their biggest sell-off in two weeks after the head of the Federal Reserve forecast weak growth and new credit worries surfaced. The Dow lost 175 points to 12,376. The S&P 500 gave up 18 points to 1,348. The Nasdaq tumbled 41 points to 2,332. Oil hit $95 a barrel. Conway Gittens reports from New York. Tags: Reuters business_GF stock market Federal Reserve |
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Nasdaq set to snap losing streak Jan. 8 - The Nasdaq stock index could finally end seven days of losses as a management shuffle lifted shares of Starbucks. The entire sector appeared to benefit from investors looking to by tech stocks on the cheap after the extended sell-off. Sentiment was also boosted by a housing report suggesting that market may be bouncing along the bottom. Bear Stearns traded higher on published reports its CEO will step down. Gold hit another lifetime high. Conway Gittens reports from New York. Tags: Nasdaq stock index Starbucks Bear Stearns business_GF |
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Stocks drop on techs, financials Mar. 27 - US markets finished Thursday's session in the red, pulled lower by concerns about technology and financials. The Standard & Poor's 500 fell more then one percent, and the other major indexes lost ground as well. Bobbi Rebell reports. Tags: Reuters business_GF stocks tech financials |
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2007: The subprime meltdown Dec. 26 - After years of massive credit expansion, the debt industry snapped -- taking down major Wall Street figures and hitting corporations with initial loss estimates in the tens of billions. Investors from Wall St to Main St. were left wondering how it all happened. In the prior six years interest rates were historically low and the housing market was booming. The home mortgage industry doled out loans to subprime or more risky borrowers. Loans with loose terms like no-money down or incredibly low teaser rates. Jeanne Yurman reports. Tags: business_GF subprime Reuters loans mortgage |
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Inside America's gold mines Mar. 7 - An exclusive look inside one of America's largest gold mines as the price of the precious metal climbs toward $1,000 an ounce. Northeastern Nevada is home to the the most abundant gold field in the Western Hemisphere. Soaring gold prices have been a boom to the mining industry but those high prices are not necessarily translating into record profits. Ruben Ramirez reports from Carlin, Nevada. Speakers: Steve Grusing Geologist, Newmont Joel Lenz Nevada Process Manager, Newmont Tags: Reuters business_GF gold mines Nevada metal |
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Economy on the brink Mar. 7 - More job losses in US pointing to further weakness in economic outlook. U.S. employers unexpectedly cut jobs in February at the steepest rate in nearly five years, a second straight month of employment losses that heightened fears the world's largest economy has skidded into recession. Deborah Lutterbeck reports. Tags: Reuters business_GF job loss rate economy recession |
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Pixar scores with WALL-E Jun. 30 - WALL-E was at the top of the box office on its opening weekend, giving Disney's Pixar its latest number one hit.Pixar continues its winning streak with the successful release of WALL-E. Its creativity and risk taking have given it a unique perch at the top of Hollywood. Bobbi Rebell reports. Tags: Disney Pixar WALL-E business_GF |
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Recession not depression Apr. 2 - Fed Chairman Ben Bernanke said he sees a possible slowdown in the first half of year -- but no signs of a replay of the Great Depression. While the economy may be in fragile shape and financial markets under stress, Federal Reserve Board Chairman Ben Bernanke, a Great Depression Scholar told a congressional panel history is not repeating itself. Deborah Lutterbeck reports. Tags: Reuters business_GF Federal Reserver Ben Bernanke recession depression |
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Bear Stearns scares Wall St. Mar. 14 - U.S. stocks finished sharply lower on Friday after liquidity problems at Bear Stearns prompted new worries about global banks. The Dow fell 194 points to 11,951. The S&P 500 lost 27 points to 1,288. The Nasdaq dropped 51 points to 2,212. Crude oil snapped its record winning streak. SPEAKER: Brian Bethune, Chief U.S. economist, Global Insight Conway Gittens reports from New York. Tags: Reuters business_GF stocks Bear Stearns market |
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Bear Stearns downfall Mar 17 - Bear Stearns found itself in the bargain bin after a cash crunch forced a quick sale. JP Morgan and the Fed stepped in to save Bear Stearns, paying just $236 million dollars for the former Wall Street powerhouse. Bobbi Rebell reports. Tags: Bear Stearns Reuters business_GF JP Morgan |
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