Feds Cut Interest Rate Half a Point On Wednesday Oct 29, the Federal Reserve slashed a key interest rate by half a percentage point as it seeks to revive an economy rocked by the worst financial crisis in the better part...
Tuesday morning stocks roar higher out of the gate anticipating the Federal Reserve will cut interest rates at their two day meeting scheduled to begin today. Monday opened up with stock futures pointing downward but as the session moved on...
Written by OTCPicks.com Wall Street had another rough day today with the Dow losing 514 points on worries that the global economy is rapidly weakening. The primary worries have shifted from the credit crunch to worries about corporate earnings as global...
Written by OTCPicks.com Equity markets had a nice positive day on Monday as credit markets showed signs of thawing. A critical measure of lending between banks, the three-month Libor rate fell significantly providing signs that credit is again beginning to flow...
Written by OTCPicks.com Wall Street had yet another dismal day today as the Dow dropped 733 points as very weak and bleak economic data stoked fear and uncertainty in the markets. Investors are evidently worried that all the U.S. and global...
Written by OTCPicks.com Stocks around the world experience biggest one day rally in more than 75 years on Monday as the DOW jumps 936 points or 11.6 percent. Morgan Stanley also jumps 87% after nailing down an agreement from Japan’s Mitsubishi...
Today, major central banks around the world joined together to slash interest rates to assist global credit markets and provide yet another support for the troubled financial and credit markets. It took a while for the markets to digest this coordinated...
Written by OTCPicks.com Last Friday congress passed the $700B financial bailout bill and sent it to the President who summarily signed it. It seems that global markets did seem to think that the bailout would save us from a nasty global...
Written by OTCPicks.com With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature. The final vote was 263-171...
Written by OTCPicks.com Investors have been watching and waiting for more than a week as Congress tried to hammer out a financial rescue plan for the U.S. banking system and the economy. On Monday the markets were shocked when the bailout...
