Confusion Sweeping the Markets

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'Pink Slip Party' Attracts Wall Street's Unemployed

While certainly intended as tongue-in-cheek, there's little funny about the economic crunch that has not only seriously impacted Wall Street's numbers, but left many of the nation's top earners pounding the pavement against an increasingly bleak employment landscape.

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Global Markets Tumble on Recession Fears

European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.

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Treasury to Help Liquidate Money Market Firm's Fund

The Treasury Department said Thursday it has reached an agreement with money market firm the Reserve Fund to assist in liquidating one of the firm's funds.

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Congress Races to Extend Jobless Aid

Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off Americans whose benefits are running out.

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Bailouts Threaten Our Nation's Dignity

And that's why if we don't stop buying into this fairly tale world of magic, cure-all bail outs soon, we could not only lose our national treasure, but we could also lose our dignity as a nation.

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Market Winners & Losers: Ford, Jones Apparel

As the week nears an end, the major indices are testing lows not seen in 10 years. The Dow closed down 445 points at 7552, and the major indices lost on average 5.78%. Here are a few of the day's winners and losers.

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Holiday Gift From Fannie, Freddie: Foreclosure Halt

Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season.

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Democratic Congressional Leaders Delay Vote on Auto Bailout

Despite last minute wrangling, the auto industry won't get much-needed funding from Congress.

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Selling Rampage Sends S&P Back to 1997

With the specter of a collapse of the auto industry looming, Wall Street's bleeding spread further on Thursday, sending the S&P 500 to 11-year lows and crude oil prices plummeting below $50 a barrel.

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