Monthly Archives: September 2008

By Stanley White and Ron Harui Sept. 24 (Bloomberg) — The dollar fell against the euro as the U.S. Congress studies the government’s $700 billion rescue proposal, with Federal Reserve Chairman Ben S. Bernanke saying a delay in passing the … Continue reading →

By Craig Torres Sept. 24 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the U.S. is facing “grave threats” to financial stability and warned that the credit crisis has started to damage household and business spending. “Economic activity appears … Continue reading →

Eveillard Says Gold May Surge as Investors Seek `Insurance’ By Stewart Bailey Sept. 23 (Bloomberg) — Jean-Marie Eveillard says he has stashed $1 billion in gold in a vault near Times Square as insurance against “extreme outcomes,” like a market … Continue reading →

Dollar, Stocks, Bonds Fall on Concern Bailout to Boost Deficit By Ye Xie and Daniel Kruger Sept. 22 (Bloomberg) — The dollar fell the most against the euro since January 2001, while U.S. stocks and bonds tumbled, on concern the … Continue reading →

Goldman, Morgan Stanley Bring Down Curtain on an Era  By Christine Harper and Craig Torres Sept. 22 (Bloomberg) — The Wall Street that shaped the financial world for two decades ended last night, when Goldman Sachs Group Inc. and Morgan … Continue reading →

Dollar May Get “Crushed” as Traders Weigh $1Trillion Cost of Bailout Plan Mon 22 Sep 2008, 14:02 GMT By Jan Harvey LONDON (Reuters) – Gold soared more than 2 percent on Monday as the dollar weakened and fears spread that … Continue reading →

Last Big Investment Banks Change Status By MARTIN CRUTSINGER AP   WASHINGTON (Sept. 21) – The Federal Reserve said Sunday it had granted a request by the country’s last two major investment banks — Goldman Sachs and Morgan Stanley  — … Continue reading →

CONGRESSIONAL LEADERS STUNNED BY WARNINGS By DAVID M. HERSZENHORN Published: September 19, 2008 WASHINGTON — It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating … Continue reading →

By Jan Harvey LONDON (Reuters) – Gold rose more than 2 percent on Friday, recovering from earlier losses, as the dollar slipped sharply versus the euro and oil rallied more than $5 a barrel. Gold slipped more than 3 percent … Continue reading →