Wall Street tumbles amid global sell-off
Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. The Dow Jones industrials skidded around 600 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain.
Europe governments go their own way on crisis
Individual European governments issued a cascade of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year.
Commodities prices drop as credit crisis spreads
Commodities prices tumbled broadly Monday on growing expectations that the financial crisis pummeling world markets will dramatically reduce global demand for energy and raw materials. Gold prices shot up as investors' faith in stock markets dimmed further, touching off a desperate dash for safe alternative investments.
SEC, Fed aware of everything at Lehman: Fuld
U.S. lawmakers expressed outrage about the collapse of Lehman Brothers Holdings Inc on Monday, saying the investment bank's top executive, board members and regulators all shared blame for its downfall.
Global rout sinks stocks; Dow below 10,000
Stocks fell on Monday, with the Dow diving more than 500 points to below 10,000 for the first time in four years, as investors feared the widening fallout from the credit crisis would drag the economy into recession.
Panicked global markets reel, Wall Street plunges below 10,000 pts
Global stock markets reeled Monday, shaken by massive sell-offs by panicked investors who fear a much-vaunted US finance sector bailout will fail to end a crippling credit crisis.
News from Yahoo News
Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. The Dow Jones industrials skidded around 600 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain.
Europe governments go their own way on crisis
Individual European governments issued a cascade of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year.
Commodities prices drop as credit crisis spreads
Commodities prices tumbled broadly Monday on growing expectations that the financial crisis pummeling world markets will dramatically reduce global demand for energy and raw materials. Gold prices shot up as investors' faith in stock markets dimmed further, touching off a desperate dash for safe alternative investments.
SEC, Fed aware of everything at Lehman: Fuld
U.S. lawmakers expressed outrage about the collapse of Lehman Brothers Holdings Inc on Monday, saying the investment bank's top executive, board members and regulators all shared blame for its downfall.
Global rout sinks stocks; Dow below 10,000
Stocks fell on Monday, with the Dow diving more than 500 points to below 10,000 for the first time in four years, as investors feared the widening fallout from the credit crisis would drag the economy into recession.
Panicked global markets reel, Wall Street plunges below 10,000 pts
Global stock markets reeled Monday, shaken by massive sell-offs by panicked investors who fear a much-vaunted US finance sector bailout will fail to end a crippling credit crisis.
News from Yahoo News