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• Oil falls below $90 as financial woes spread
Significant gains by the U.S. dollar against the euro also contributed to slumping oil prices. By midday in Europe, light, sweet crude for November delivery was down $4.03 to $89.85 a barrel in electronic trading on the New York Mercantile Exchange ...
• World markets plunge on fears of growing crisis
SINGAPORE - Asian stock markets plunged Monday as government bank bailouts in the United States and Europe failed to alleviate fears of a global financial crisis that would depress world economic growth. Investors took scant comfort from Washington's ...
• Wall Street tumbles after global sell-off
Over the weekend, governments across Europe rushed to prop up failing banks. The German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG, while France's BNP Paribas agreed to ...
• Jim Cramer: Time to get out of the stock market
One thing is certain — they are, in Europe, behind us,” Cramer told Curry. “We’ve experienced more pain than they have, we are surprised at their pain, we didn’t know how bad off they were.” He called the U.S. government’s $700 billion ...
• Oil dives 3.8 percent to 8-month low on demand fears
After Friday's passage of a landmark U.S. $700 billion bailout bill seemed to quell, for now, weeks of U.S.-centered turmoil, the focus shifted to Europe where officials scrambled at the weekend to save three banks and offered different ways to ...