Archive for May 16th, 2008

Treasury Secretary Henry Paulson is talking tough, but don't expect Washington to bring Fannie Mae to heel till the housing crisis eases.

Stocks cut losses late Friday, but remained in the red, as surging oil and gas prices and a weak consumer sentiment report gave investors a reason to step back a little after the recent run.

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Oil hit another record high on Friday. So it's no surprise that natural resources mutual funds, funds that invest in energy companies and other plays on surging commodities, are the best performing domestic stock funds this year.

Treasury Secretary Henry Paulson said Friday he expects "to see a faster pace of economic growth before the end of the year."

Carl Icahn is picking up where Microsoft CEO Steve Ballmer left off.

Stocks slipped Friday afternoon, with investors using record oil and gas prices and a weak consumer sentiment report as a reason to step back a little after pushing the major gauges to multi-month highs in the previous session.

Stocks slipped Friday morning, as oil and gas prices hit new all-time highs and consumer sentiment retreated, overshadowing any relief about a surprise jump in new home construction.