The Stock Market: The Stock Market Crash in the Stock Market

The following is President Bush’s statement Saturday on the financial crisis, as released by the White House. He spoke in the Rose Garden after meeting with financial ministers from the G-7 nations:
Thank you all very much. Good morning. [Treasury] Secretary [Henry] Paulson, Secretary [of State Condoleezza] Rice and I just had a productive discussion with [...]

John D. McKinnon reports on the financial crisis from Washington.
President Bush’s Rose Garden appearance Saturday morning was meant to provide a reassuring picture of stability — the world’s most powerful leader, standing alongside finance ministers of the seven old-line industrial powers, their flags flapping proudly in the autumn breeze.
But as recent financial shocks have showed, [...]

Smaller businesses are now starting to feel the effects of the financial crisis
IN these tough times Philip Fairey is getting used to hearing about his clients “doing a runner”. But a few days ago was the first time he caught one of them in the act.
“We got this message from someone who had been driving [...]

Companies won’t confirm published reports, as struggling automakers cope with economic downturn.
DETROIT (AP) — General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday.
The Wall Street Journal, citing people it described as familiar with the discussions, said Cerberus Capital Management, [...]

General Motors insisted yesterday that bankruptcy was not an option, despite facing what it described as “unprecedented challenges”.
Fears have been growing that the biggest US carmakers, GM and Ford, are close to calamity as the crisis in the financial markets has bled into the real economy.
Shares in the pair were back under pressure in early [...]

It was another week of worsts:
The Toronto Stock Exchange’s main index suffered its worst weekly loss in almost 70 years. The Canadian dollar had its biggest one-day drop in almost 40 years.
As hundreds of billions in bailout money fails to stem investor panic, a look at some of the questions on the minds of consumers [...]

Investing experts say Europe needs to address its banking problems to get markets back on track - but stocks may almost be cheap enough to attract more foreign cash during this stock market crash..
Global stock markets are in free fall Monday as European banks are starting to look like they may need their own bailout. [...]

The manager of this year’s top stock mutual fund - and only one that’s up in 2008 — explains how to do well in a bear market and stock market. Hint: He bought yesterday.

Emergency rate cut: ‘This better work’ in stock market. Will the rate cuts by global central banks eventually calm the markets down? Investors around the world have been crying loudly for the past few days. On Wednesday morning, global central banks finally gave in. But will the coordinated interest rate cuts by global central banks [...]

U.S. stock futures pointed to another sharp day of losses Friday as the frozen credit markets and lack of faith in the financial system continue to hammer stocks market around the globe. Ahead of a Group of Seven meeting of world leaders, S&P 500 futures 24.4 points to 888.30, Nasdaq 100 futures fell 24.5 points [...]