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Toronto stocks dive as commodities retreat. The Toronto Stock Exchange's main index fell nearly 7 percent on Thursday to its lowest level in more than two years, battered by concerns over the outlook for fertilizer producers and a drop in oil and gold prices. Economic rescue swiftly signed into law. US President George W. Bush Friday signed an economic rescue bill just hours after the US House of Representatives reversed course and approved the historic 700-billion-dollar Wall Street bailout. London shares rally. London shares closed up sharply on Friday as investors pinned their hopes on the revival of a 700-billion-dollar rescue package which goes to the vote in the US House of Representatives tonight. Investors expect volatility as credit woes persist. The worlds financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the governments financial rescue package -- and watch for any further fallout from the credit crisis around the globe. Asian stocks slide as Europe's financial crisis deepens. Asian stock markets suffered another mauling in early trade on Monday as doubts grew about whether a Wall Street bailout package will stem the global financial crisis, dealers said. Apple says reports of Jobs heart attack false. Chief Executive Officer Steve Jobs had a heart attack and was hospitalized. The agency's enforcement unit is trying to determine whether the iReport.com posting was intended to push down the company's stock.. Feeling Wall Street's pain, from Manila to Paris. Nearly 5,000 miles from Wall Street, Dmitry Zhiltsov's recruiting agency is bleeding clients, as investment banks that once hunted Russia's financial wizards succumb to the U.S. meltdown. Flipping on the morning news, he wonders: Who will fall today?He watches the real estate market, too. If housing prices dive in his hometown of St. Petersburg, and his business dries up and banks limit lending, who will pay his $3,000 monthly mortgage?'It's like I'm.. waiting for the collapse,' he said by telephone from his kitchen, a few blocks away from the shore of the Baltic Sea. Cal Thomas: The blame game. THE BLAME GAME When Speaker Nancy Pelosi took to the floor of the House on Monday to blame Republicans for the financial turmoil and charge them with a laissez-fare attitude toward regulation, it seemed like a.. U.S. bank failures almost certain to rise in next year. Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion rescue plan to restore order to the financial industry. A Class-Action Settlement for Nearly Every Consumer. In a class-action settlement, the credit bureau TransUnion has agreed to provide free credit-monitoring services to millions of consumers to settle claims that it illegally passed along private information for marketing purposes. Surviving the Storm. The message was hard to miss last week: No more wishful thinking -- it's time to prepare yourself for a grim job market. Introducing a Savings Account Beyond the Piggy Bank. Ages 8-10: Bank on It Help your kids open their own savings account. Of course, you can start saving on their behalf when they're much younger, and they probably have a wad of birthday cash stuffed in their sock drawer. But now they're mature enough for you to introduce them to how a real bank.. What the WaMu Collapse Means for Its Customers. I have an account with Washington Mutual. What changed when the FDIC put the bank into receivership?. 6 Things To Do While The World Ends. While Nancy Pelosi is blaming our financial meltdown on Republicans, and Republicans are getting even by voting down the $700-billion financial-bailout package -- and while panicked investors react to the congressional backstabbing by sending the Dow Jones industrial average down a frightening 778.. Talking to Your Kids About the Financial Crisis. Last week I called my son, the college sophomore, and asked if the financial crisis was topic A in his economics class. "Not really," said Peter. "We have a test coming up so we're covering the material in class.". An Unbelievable Yield. Telephone reps at mutual fund companies usually read from a script. Not the fellow I got Monday afternoon on Vanguard's line, name of Irwin. He was a live wire, speaking extemporaneously and with enthusiasm when I asked whether it's true that Vanguard Tax Exempt Money Market Fund.. The Hedge-Fund Exodus Trickles Down. Big-money investors in hedge funds are fleeing the market just like the small guys. And as they demand their money back, hedge-fund managers are having to raise cash to meet the redemptions. It might seem like an offstage drama that shouldn't concern the rest of us, who don't play in that rarefie.. In Absence of Data, Time to Reflect. No major data are being released this week, giving investors time to digest the stunning recent bout of market upheaval, political action and economic reports. On Tuesday, the Federal Reserve will release minutes of its latest policymaking meeting, which occurred Sept. 16. It should give insight.. A Huge Jump in the Jumpiness Index. Who wasn't a little bit afraid last week? Monday's 778-point dive in the Dow industrials was enough to startle the sturdiest among us. To gauge just how jumpy we get, the Chicago Board Options Exchange created an index in 1993 that tracks stock market volatility as a measure of financial turmoil... Young Adults Should Handle Own Finances. Age 21 and Beyond: Ready to Launch Once your kids are college seniors and you're confident they've learned to make their spending money last for a whole semester, they're ready to apply for a credit card -- on their own. My rule: Don't put your kids on your accounts or, even worse, co-sign for their.. |
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