Mortgage and Financial News From 2008-1-22 Page 6

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  • Local stock market experts: Time is on investors’ side - Muskogee Daily Phoenix

    Local stock market experts: Time is on investors’ sideMuskogee Daily Phoenix, OK - 23 minutes agoThe Federal Reserve implemented an emergency interest rate cut of .75 percent. “What’s the percentage (decrease)? That’s 2 percent,” Vecchio said. ...
    2008-01-22 10:12:20

  • … more losers than winners - Arab Times

    … more losers than winnersArab Times, Kuwait - 19 minutes agoThe effect will depend in part on how aggressively the Federal Reserve keeps cutting interest rates and whether Democrats controlling Congress can reach ...
    2008-01-22 10:16:05

  • South Carolina Democratic Debate 2008 - American Chronicle

    South Carolina Democratic Debate 2008American Chronicle, CA - 11 minutes ago... $110 Billion dollar relief action that hinges on a 90 day moratorium for foreclosures and a freeze of current interest rates for the coming five years. ...
    2008-01-22 10:23:41

  • EU blames US spending for market turbulences - EUobserver.com

    EU blames US spending for market turbulencesEUobserver.com, Belgium - 10 minutes agoOn Tuesday, the US Federal Reserve slashed interest rates from 4.25 percent to 3.5 percent - its biggest cut in 25 years - at an unscheduled meeting that ...
    2008-01-22 10:24:40

  • Questions on economy answered - Myrtle Beach Sun News

    Questions on economy answeredMyrtle Beach Sun News, SC - 8 minutes agoQ. | Will my credit cards and other interest rates fall after today's action by the Fed? A. | Yes. Cutting the target for the federal funds rate to 3.5 ...
    2008-01-22 10:27:22

  • European Central Bank focuses on inflation, not rate cuts (USA Today)

    Financial markets worldwide are being hammered by fears of a savage economic downturn. But the Federal Reserve appears to be all but alone in fighting it at least for now.
    2008-01-22 10:14:36

  • Daily Briefing: Buckeye expects earnings to jump (Memphis Commercial Appeal)

    Buckeye Technologies Inc. Tuesday said it expects earnings for the October-December quarter to be in the range of 34-36 cents per share compared with 10 cents per share in the same period of 2006.
    2008-01-22 10:14:50

  • Asia markets soar as buyers return on Fed rate cut (MENAFN)

    Asia markets soar as buyers return on Fed rate cut
    2008-01-22 10:16:29

  • Fed slashes interest rate (The Post-Star)

    WASHINGTON -- The Federal Reserve unexpectedly slashed a key interest rate by a bold three-fourths of a percentage point on Tuesday, responding to a global plunge in stock markets that heightened concerns about a recession. The Fed signaled that further rate cuts were likely.
    2008-01-22 10:18:23

  • Keeping your cool (Detroit News)

    With major U.S. stock markets down roughly 10 percent since New Year's Day, area financial advisers are busy soothing anxious investors.
    2008-01-22 10:19:09

  • Wall Street finishes lower after Intel earnings; Fed report shows modest economic growth (The Globe Gazette)

    NEW YORK (AP) — Wall Street staggered through another volatile session Wednesday, closing mostly lower after a Federal Reserve report showed some economic growth at the end of 2007 and after Intel Corp.’s disappointing profit report.
    2008-01-22 10:20:20

  • Howes: GM, Ford grow vulnerable (Detroit News)

    We know sinking equity markets and a grim outlook for the nation's economy mean Detroit's automakers likely will sell fewer cars and trucks this year -- just when they need to sell more.
    2008-01-22 10:20:53

  • EU blames US spending for market turbulences (Euro Observer)

    23.01.2008 - 07:22 CET | By Lucia Kubosova EUOBSERVER / BRUSSELS - The European Commission has pointed to unhealthy public spending in the US as the main cause of the current global market turbulences and urged Washington to cut expenditure and boost savings, while praising Europe's own "solid and sound" economy and the positive effect of the common currency.
    2008-01-22 10:24:48

  • Fed slashes federal funds rate to 3.5% (San Francisco Chronicle)

    The Federal Reserve rode to the rescue of crumbling global financial markets Tuesday, pushing through on an emergency basis the largest single-day interest rate cut since it started disclosing its policy moves more than two decades ago. The central bank's...
    2008-01-22 10:25:36

  • Recession fears, global sell-off spur Fed's emergency cut (The Pantagraph)

    WASHINGTON, D.C. -- The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.
    2008-01-22 10:34:13

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