Archive for July 15th, 2008

This is one of those days you probably wished you stayed in bed.

Treasury Secretary Henry Paulson was hammered by lawmakers on Tuesday over the Bush administration's plan to prop up mortgage finance giants Fannie Mae and Freddie Mac.

The notion that General Motors is destined to be the eternal leader of the U.S. market seems to be embedded in the DNA of every GM executive.

Some of the automaker's oldest names are on shaky ground, but one industry watcher still sees hidden value that GM would be wise to mine.

Investors who made bets on a turnaround in bank stocks are smarting now. And that's going to make it tough for banks facing more real estate writedowns to raise new money in the coming months.

Falling oil prices and a bounce in hard-hit financial and technology shares were among the factors supporting stocks Tuesday afternoon, following a weak morning dictated by worries about the economy and inflation.

Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal Reserve Chairman Ben Bernanke.

Under the backdrop of a deteriorating economic picture, President Bush said Tuesday he is taking action to help people with falling home values and high gas prices.

Under the backdrop of a deteriorating economic picture, President Bush said Tuesday he is taking action to help people with falling home values and high gas prices.