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Wall Street tumbles amid global sell-off

Wall Street is plunging, with the Dow Jones industrials down more than 500 points amid growing fears that the credit crisis is spreading around the world. Follow today's markets A board on the trading floor of the New York Stock Exchange shows the moment the Dow Jones Industrial Average dipped below 10,000, Monday Oct. 6, 2008.

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wallstreet in wonderland

36 Hours of Alarm and Action as Crisis Spiraled By JOE NOCERA Published: October 1, 2008 This article was reported by Andrew Ross Sorkin, Diana B. Henriques, Edmund L. Andrews and Joe Nocera. It was written by Mr. Nocera. Top, Richard Drew/Associated Press; middle, Win McNamee/Getty Images; bottom, Lauren Victoria Burke/Associated Press Mark Lennihan/Associated Press Lehman Brothers’ headquarters on...

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U.S. Blamed for World's Financial Meltdown

Many around blame U.S. 'casino' mentality for the financial meltdown.

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Springsteen, Joel team up for Obama

Rock stars Bruce Springsteen and Billy Joel are teaming up for their first joint concert to benefit Democratic presidential nominee Barack Obama.

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Stocks show signs of partial comeback

U.S. stocks headed for a partial rebound today, though financial markets remained troubled a day after the House voted down a proposed $700 billion rescue plan for the financial sector. Check today's market performance

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Bruce Springsteen to play Super Bowl halftime

Bruce Springsteen and the E Street Band will perform at this year's Super Bowl halftime show in Tampa, Fla., the NFL and NBC announced Sunday night.

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News reports: Blast injures 12 in Indian capital

NEW DELHI -- Indian news reports say an explosion in a crowded market area of the Indian capital has injured 12 people.

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It's the Stupid, Economy ... Part Deux

Filed under: Money Talks , Economy , News , Work & Money Black Voices Blogs : When can we all scream," Ohhh SH*T!!!!"After lots of explanations that pretty much point to the savings & loans crisis and Keating 5-style financial industry greed, you, the American taxpayer, are being asked to bail the securities and trading... Read more

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LOST DECADE: Winning The Race To The Bottom

[Photo by RICHARD DREW] ESQUIRE: In the picture, he departs from this earth like an arrow. Although he has not chosen his fate, he appears to have, in his last instants of life, embraced it. If he were not falling, he might very well be flying. He appears relaxed, hurtling through the air. He appears comfortable [...]

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Is it really time to flee the US?

Party over? (Richard Drew/AP) Middle Eastern wealth funds seem to have lost their taste for American assets, as Heather Timmons and Keith Bradsher write. Some of them are choosing to look for new investments in calmer climes, like Europe. This isn’t an entirely new trend, since funds have been diversifying into securities denominated in [...]

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Gary Coleman sued over Utah bowling alley ruckus

Gary Coleman has been sued by a man who claims the actor punched him and ran into him with his truck in a Payson bowling alley parking lot, causing knee, back and neck injuries.

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Another nightmare on Wall Street: Dow down 450

The stock market took another nosedive Wednesday as the American banking system appeared even shakier and investors worried that the financial crisis is spinning so far out of control that even government rescues can't stop it.

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Fed’s $85 Billion Loan Rescues Insurer

Fearing a financial crisis, the Fed reversed course and agreed to bail out A.I.G. in the central bank’s most radical intervention.

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Stocks stabilize, but critical insurer AIG teeters

Wall Street took a step back from the ledge Tuesday, with the Federal Reserve resisting a cut in interest rates and the stock market staging a small rebound one day after a stomach-churning drop.

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Kenley, Korto rule Fashion Week's "Project Runway" show

Among the most anticipated shows each Fashion Week isn't one presented by an established designer, but by a group of upstarts who have scraped, sewn and battled their way to Bryant Park via the popular cable TV show "Project Runway."