BEAT THE STREET GAME:
The 5 Dumbest Things on Wall Street: May 9
Bear Stearns' odd couple; our leading contrary indicators; no country for BofA; Sprint to the finish; Microhoo, we hardly knew you.
Related Topics: Market Commentary
07:01AM 05/09/08
AIG Battered by Derivative Writedowns
The insurance giant lost $7.81 billion in its first quarter due to heavy writedowns on credit-default swaps and mortgage-related investments.
06:01PM 05/08/08
Economy Better, but Not Yet Out of Woods
While conditions on Wall Street have shown signs of improvement, Main Street's pain has yet to fully set in.
Related Topics: Bonds/Economy | Banks | Market Commentary | Markets | Financial Services
06:44AM 05/08/08
Disney Rides Parks to Strong Showing
The entertainment giant beat Wall Street's expectations in its second quarter.
Related Topics: Media | Earnings
05:16PM 05/06/08
Fannie Shares Recover After Grim Results
Despite an ugly forecast from the government-sponsored mortgage giant, the stock rallied after its federal regulator said it would lower a capital requirement.
Related Topics: Earnings | Financial Services
02:04PM 05/06/08
Fannie Mae Spanked by $2.2 Billion Loss
The government-sponsored mortgage giant sees 'severe weakness' in the U.S. housing market, cuts its dividend and plans to raise $6 billion to shore up its finances.
Related Topics: Earnings | Financial Services | Banks
10:11AM 05/06/08
Fannie Posts Loss, to Raise $6 Billion
The government-sponsored mortgage giant will cut its dividend and sell common and preferred stock to shore its balance sheet.
Related Topics: Earnings | Financial Services
08:52PM 05/05/08
Ron Paul on Money: The Forbidden Issue
Ron Paul gives an update on his presidential campaign and says monetary policy is the root cause of our economic problems and the forbidden issue in American politics.
12:59PM 05/03/08
Despite initial optimism in the jobs market and in the credit markets last week, the U.S. economy has a ways to go to cure what ails it.
Related Topics: Market Commentary | Bonds/Economy | Markets
11:33AM 05/03/08
Job Loss Far Below Expectations
The Labor Department reported a loss of just 20,000 jobs in April, a quarter of March's loss.
Related Topics: Markets | Bonds/Economy
09:25AM 05/02/08
