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WHO: Marcia Gerber CLAIM TO FAME: Named a local Hadassah chapter's "Woman of the Year" for her volunteer service and support of the group's ideals. ...more
January 28, 2008
The Federal Reserve, confronted by deepening panic in global financial markets about a possible recession in the United States, struck back on Tuesday with the biggest one-day reduction of interest rates on record and at least temporarily stopped a vertigo-inducing plunge in stock prices. ...more
January 23, 2008
Don't panic. That advice could probably serve as a stand-in for "hello" at many brokerages these days. With Wall Street stumbling - particularly since the beginning of the year - uneasy investors are calling on financial advisers with an urgency not seen since the start of the decade. ...more
January 23, 2008
Wall Street extended its 2008 plunge Thursday, tumbling after a regional Federal Reserve report showed a sharp decline in manufacturing activity and as investors feared that downgrades of key bond insurers could trigger further trouble with souring debt. ...more
January 18, 2008
Fed chairman Ben Bernanke borrowed a page from Alan Greenspan's crisis playbook when he promised emphatically to cut interest rates further if the weak economy needs the help. ...more
January 11, 2008
Wary employers clamped down on hiring and pushed the unemployment rate to a two-year high of 5 percent in December, an ominous sign the economy may slide into recession. President Bush explored a rescue package, including a tax cut, with his economic advisers. ...more
January 4, 2008
Shares in Jabil Circuit tumbled 21 percent Friday to their lowest point since 2002, after the company released profit forecasts well below Wall Street expectations. ...more
December 22, 2007
The Federal Reserve, in a move Wednesday morning coordinated with central banks in Canada and Europe, announced a new set of steps to try to make banks more willing to lend their cash and help thaw the world's frozen financial system. ...more
December 13, 2007
Wall Street plunged Tuesday after the Federal Reserve lowered interest rates by a quarter point, disappointing investors who were expecting the central bank to move more aggressively to help the economy overcome the credit and mortgage crisis. ...more
December 11, 2007
If you're a bond investor hankering for higher yields, here's a radical suggestion: Try stocks. ...more
December 2, 2007
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