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WASHINGTON - Social Security benefits for 50 million people will be go up 5.8 percent next year, which will give the average retiree an additional $63 per month. ...more
October 16, 2008
Wall Street fluctuated today as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The Dow Jones industrial average shifted between modest losses and gains a day after its record 936-point jump. ...more
October 14, 2008
On Monday, for the first time this October, the Dow Jones industrial average ended the day higher than it began: 963.42 points higher, to be exact, making for the biggest single-day percentage gain in 75 years. ...more
October 14, 2008
Did stocks "crash"? Some news organizations and investors are hesitating to use the word to describe Wall Street's terrifying sell-off. ...more
October 11, 2008
Did stocks "crash"? Some news organizations and investors are hesitating to use the word to describe Wall Street's terrifying sell-off. ...more
October 10, 2008
General Motors Corp. shares hit their lowest price since 1949 in the opening minutes of trading Friday as financial turmoil and a weakening global auto market heightened worries that the automaker may be unable to pull out of its nosedive before it runs out of cash. ...more
October 10, 2008
The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector. ...more
October 7, 2008
Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief. ...more
September 30, 2008
WASHINGTON - Congressional leaders labored Tuesday to find out how many changes are needed to sell the defeated $700 billion financial system rescue to rank-and-file members. ...more
September 30, 2008
WASHINGTON - President Bush told Congress Friday it must "rise to the occasion" and pass legislation bailing out the struggling financial system, and leading lawmakers arranged to resume difficult negotiations. ...more
September 26, 2008
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