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Markets Continue to Fall Across the World; Dow Jones Falls Below 8,600
Stock markets across the world have fallen dramatically as worries that recent government moves might not prevent a global recession. The largest drop was with the the Dow Jones (DJIA), which fell 678 points, or more then 7.3%, to below 9,000 to close...Are We Heading for a Global Recession?
The $700 billion bailout package did nothing to quell investor’s fears on Wall Street as the Dow Jones Industrial Average closed trading down more than 370 points on Monday with worldwide markets faring no better.World Markets Plummet in Credit Crisis
U.S. stocks opened sharply lower, mirroring losses in Europe, Asia, and much of the developing world. In New York, the Dow Jones Industrial average crossed below an important psychological floor – the 10,000 mark – for the first time since...U.S. Government Bailout Could Overpay for Toxic Debt
The Bush administration’s proposed bailout is now being openly debated in Congress, but the biggest hurdle may be unrelated to Congressional proceedings. Financial firms would obviously prefer to dump their bad assets and retain those which are...U.S. Government Bailout for Another Failing Company
The U.S. government has announced it will provide the world’s biggest insurer, AIG, with an $85-billion emergency loan, to prevent the company’s collapse. From Washington, VOA’s Sean Maroney reports.Dow Falls 340 Points with Release of Unemployment And Retail Sales Rates News
The Dow Jones Industrial Average, a stock market index used to gauge the performance of American stock exchanges, fell 344.65 at the close of trading Thursday. The exact reason for the drop is unknown, with different news agencies pointing to different...Recession Deepens Amid Banking Decline
Banks across the United States saw their market values decline as financial woes continued to rock the industry, according to Bloomberg.US Unemployment Rises At Fastest Rate in 22 Years
There are further signs of economic slowdown in the United States as the jobless rate in May rose by one-half percent to 5.5 percent. VOA’s Barry Wood reports from Washington, the latest unemployment statistics and sharply higher oil prices triggered...
