Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his Web site that he had not agreed to keep information about a proposed stock sale confidential.
The stock market is not the economy.
The Fed reports that banks borrowed in record amounts from its emergency lending facility over the past week, while investment banks drew loans at a slightly lower pace.
Democratic leaders may call Congress back to work after the election in hopes of passing legislation that would extend jobless benefits, add money for food stamps and a tax rebate.
Treasury Secretary Henry M. Paulson Jr. �again confronts the liability of working for an administration in its twilight. Only this time, he's discovering that it's harder to get what he wants.
The Treasury Department says it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds.
Shares of AIG fell Tuesday as investors questioned whether the huge insurer would come up with more money to stay in business and avoid igniting even more global financial turmoil.
Shares of Fannie Mae and Freddie Mac lost more than a quarter of their value on Wednesday as fears mounted that the mortgage financiers will soon need government support and any bailout would hang stockholders out to dry.
A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants as assets.
As if the housing market wasn't scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market's health.
The U.S. trade deficit fell unexpectedly in June as exports advanced to an all-time high, offsetting another big surge in oil imports.
Shares of Boeing fell Monday after reports that the company is considering not bidding in the next round for the Pentagon's $35 billion airborne refueling tanker contract.
A measurement of pending home sales rose in June in a rare piece of positive news for the beleaguered market.
Freddie Mac posted its fourth consecutive quarterly loss, set plans to slash its common stock dividend and doubled its reserves for losses on delinquent loans and home foreclosures.
Rumblings suggest that NASA will announce findings from the Phoenix Mars Lander that relate to the question of life, but the mission's top scientist and the White House science adviser's office say the rumblings are wrong.
An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy.
New York Attorney General Andrew Cuomo plans to imminently charge Citigroup Inc., accusing it of fraudulently marketing and selling auction-rate securities, and destroying documents that had been subpoenaed.
A small jet flying from New Jersey to Minnesota crashed in strong thunderstorms Thursday, killing at least seven people who were traveling to do business with a glass company.
The $168 billion government stimulus effort has been a timely support for the economy and will continue to boost growth in the second half of this year, Treasury Secretary Henry Paulson said Thursday.
The Bush administration and federal banking regulators joined with the nation's four largest banks to endorse a new way to pump money into the battered U.S. mortgage market.
A senior Bush administration official says the budget deficit for this year will set a record in dollar terms, approaching $490 billion.
The Securities and Exchange Commission said Sunday it is immediately opening a probe to prevent the spread of false information used to manipulate securities prices.
Fed Chairman Ben Bernanke is scheduled to brief Congress Tuesday on the economy, which has been walloped by high energy prices and fallout from the housing slump and credit crunch.
Government officials are in discussions about developing a plan for propping up the big mortgage companies Fannie Mae and Freddie Mac should they falter.
Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back, a day after plunging over worries the pair might need billions of dollars in new capital.
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Stocks shed gains after sentiment data
Stocks shed gains after sentiment data
Fed launches program to aid consumer credit
Report: AIG bailout to add on billions more
Report: AIG bailout to add on billions more
Report: AIG bailout to add on billions more
Obama walks tightrope on banks
Answer Desk: Housing relief backlash
Answer Desk: Housing relief backlash
Obama to stress fiscal responsibility on budget