Monthly Archives: August 2008

By Marcy Gordon AP WASHINGTON (Aug. 22) – Federal regulators on Friday shut down Kansas bank Columbian Bank and Trust Company. The Federal Deposit Insurance Corp. was appointed receiver of Columbian Bank of Topeka, Kan., which had $752 million in … Continue reading →

Dollar, oil, Russia eyed as traders weigh physical, investment gold demand SAN FRANCISCO (MarketWatch) — Gold futures fell Monday, with traders taking profit from last week’s 5% rally and finding little indication for direction from the U.S. dollar and oil. … Continue reading →

By Josh P. Hamilton Aug. 22 (Bloomberg) — Fannie Mae and Freddie Mac, the two largest mortgage finance companies, “don’t have any net worth,” billionaire investor Warren Buffett said. “The game is over” as independent companies said Buffett, the 77-year-old … Continue reading →

 American Eagle Gold Coins Sold Out After Spree By Frank Tang August 21, 2008 NEW YORK (Reuters) – A buying spree in the popular American Eagle bullion coins appears to have depleted inventory of major North American coin dealers, contributing … Continue reading →

Gold at 10-day high as markets change tack* Gold hits one-week high as investors return* Soft dollar, higher oil prices boost gold * Strong physical demand expected to boost prices further Thu Aug 21, 2008 11:06am EDT By Pratima Desai … Continue reading →

U.S. Economy: Housing, Price Reports Raise Stagflation Danger By Shobhana Chandra and Timothy R. Homan Aug. 19 (Bloomberg) — U.S. builders broke ground on the fewest new homes in 17 years and producer prices climbed the most since 1981, providing … Continue reading →

By Shamim Adam Aug. 19 (Bloomberg) — Credit market turmoil has driven the U.S. into a recession and may topple some of the nation’s biggest banks, said Kenneth Rogoff, former chief economist at the International Monetary Fund. “The worst is … Continue reading →

(2008-08-18 12:48:43) – The year-old financial crisis is not only far from over but could actually get much worse, bringing more big shocks to the U.S. economy and stock market, a host of experts said Monday. Among the predictions: the … Continue reading →

The Labor Department reports that its Producer Price Index increased by 1.2% in July and by 9.8% in the past year. By Catherine Clifford, CNNMoney.com staff writer Last Updated: August 19, 2008: 11:46 AM EDT NEW YORK (CNNMoney.com) — In … Continue reading →