The three major US stock indexes plunged to three-year lows after the minutes from last month’s Federal Open Market Committee meeting revealed that policymakers expect the US economy will continue to contract through 2009. Read More

Cash Cow Enterprise Products Partners (NYSE: EPD) announced that it successfully obtained two additional senior unsecured credit facilities which provide the partnership with approximately $593 million of incremental borrowing capacity. Read More

The three major US stock indexes managed to eke out slight gains, as Hewlett-Packard’s quarterly earnings beat analysts’ expectations (NYSE: HPQ) and Yahoo’s (NSDQ: YHOO) embattled chief executive announced that he is resigning his post. Still, stocks languished in the red for much of the day, reflecting ongoing concerns about the severity and duration of the global economic slowdown. Read More

There was a time when a triple digit move in the Dow Jones Industrial Average was considered a rarity. Now, it’s an everyday occurrence; in 38 out of the past 45 trading sessions, the Dow has gained or lost more than 100 points. Read More

The three major US stock indexes slumped lower today, as the Federal Reserve Bank of New York reported that manufacturing activity contracted to a record low and Citigroup (NYSE: C) announced plans to trim 50,000 jobs. Read More

US stocks reversed course today, erasing some of the gains from yesterday’s rally. Read More

US stocks surged dramatically today, as investors decided enough’s enough, shrugging off the looming recession and pouring money into beaten down shares. Read More

It’s not over for the markets, not in the least. It might seem that way with the market’s mess, but it really isn’t. The key is that bubble markets eventually fall fast and hard. Read More

For every modern market collapse, a new bubble has emerged to take its place. This isn’t how things should work in an efficient market, but the fact is that’s been the trend. Read More

While everybody is banking on the credibility of the federal government to finance, underwrite, guarantee and even buy into banks, insurers and potentially even auto makers, local governments have been treated as if they’re toxic mortgage companies. Read More