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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. Citigroup falls on Wachovia-Wells Fargo deal. Shares of Citigroup fell 8 percent to $20.69 in pre-market trade after a merger deal was announced between Wachovia Corp and Wells Fargo & Co. Congress passes bailout, focus shifts to fallout. The U.S. government enacted a landmark $700 billion bank bailout on Friday, but investors questioned whether it could contain a panic that began on Wall Street and spread to become a global financial crisis. Stocks end lower amid worries after House OKs plan. In the end, congressional approval of the governments $700 billion financial rescue plan Friday did little to lift the financial markets from their growing dejection over the obstacles still facing the economy. Wall Street ended an intensely volatile week with the Dow Jones industrials falling 157 points and the major indexes all suffering big losses. Israeli stock market drops despite US bailout. The Tel Aviv stock exchange, one of the few world markets open on Sunday, took a dive despite Washington's approval of a 700 billion dollar bailout aimed at forestalling a global financial meltdown. 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. Asian markets plunge on fears crisis is spreading. Asian stock markets plunged Monday as investors took scant comfort from Washingtons passage of a $700 billion bank bailout and focused instead on deepening financial turmoil in Europe that threatens to slow global growth. What's Hot -- and What's Not. You don't top your peers every year for the past dozen years by adhering to conventional thinking. That, at least, is the reasoning of Rudolph-Riad Younes, co-manager of the remarkable Julius Baer International Equity A fund. 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.. 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.. Buy in Times of Pessimism. I won't mince words: If I could buy just one mutual fund, it would be Selected American Shares. Chris Davis, one of Selected's co-stewards, is one of the wisest stock pickers in the fund business, and his words are worth heeding. And right now, Davis says, is a good time to buy.. Chart a Road Map to Weather Rocky Times. In the 1950 movie "All About Eve," actress Bette Davis slyly uttered a memorable line: "Fasten your seat belts. It's going to be a bumpy night.". 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... When Unequal Bequests Are the Right Thing to Do. Q I am an elderly widow, and my three grown children live nearby. My older son and daughter and their families, although cordial, don't take much interest in me or my need for help with many tasks around the home. The third, my younger daughter, has always been very attentive, with no prompting, as.. Failure This Big Wasn't Born Yesterday. If you're mad as hell about what's happening to our economy and need to stay mad to keep from wailing, read the October selection for the Color of Money Book Club. Banks want to suspend accounting rule in bailout. Congress has embraced an idea to help prop up the financial system: Give banks a break by letting them value their bad mortgage assets at a price they could fetch later, not now. 30-year mortgages rise to 6.10 percent. Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. |
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