Money markets

Big loss, grim outlook at Freddie Mac

Mortgage finance giant Freddie Mac on Wednesday reported a much bigger-than-expected loss, slashed its dividend and warned of more problems ahead for the battered housing and credit markets.

Stocks push off lows as oil falls

Stocks pared losses Monday after a weak start to the morning, as investors weighed mixed readings on the economy and falling oil prices.

Dollar hits near 6-week high vs. euro

The dollar rose to near a six-week high against the euro Friday after the government reported fewer than expected job losses for July.

CityCenter Needs $3.5 Billion, Can You Spare a Dime?

photos by flipchip • lasvegasvegas.com The massive $11 billion plus CityCenter project under construction on the Las Vegas strip is scrambling to put together an additional $3.5 billion in financing to complete the project in time for the advertised late 2009 opening. Apparently the economic woes consuming the US and World financial markets are taking a toll on the normally bullet proof Las Vegas economy. Rising fuel cost combined with the collapse of the real estate market has forced money le...

The youngest entrepreneurs in Australia?

You can never be too young to start learning the principles of entrepreneurship. That's certainly what parent Cameron Reilly thinks. When one of his twin boys, Taylor, fell in love with an iMac computer he also realised how long it would take to save up his $7-a-week pocket money to buy one. To accelerate the process, Taylor thought he would be able to raise more money starting a business. His brother, Hunter, was also excited about the prospect. That was about a month ago. Since then, Kids Can...

Oil gets a lift from stock selloff

Oil turned higher Thursday as economic jitters and a stock market selloff drew investors.

UBS hit with New York auction-rate security suit

New York State Attorney General Andrew Cuomo Thursday brought a multi-billion dollar civil lawsuit against the Swiss banking giant UBS for allegedly pushing everyday investors into buying troubled auction-rate securities.

Oil, housing could brighten Wall Street's day

U.S. stocks were set to open higher Wednesday amid a backdrop of declining oil prices and the expectation of Congressional relief for the housing crisis.

Week in review: Reversal of fortune, but don't cast caution to the wind

This post is a guest contribution by Prieur du Plessis, Investment Postcards from Cape Town The end is nigh was what many despondent investors were starting to believe as the past week kicked off with volatile trading amid concerns that US regional bank IndyMac's demise was a harbinger of many more bank failures. Furthermore, Treasury Secretary Henry Paulson's plan to rescue the Government Sponsored Enterprises (GSEs), Fannie Mae (FNM) and Freddie Mac (FRE), left investors unconvinced. The US g...

No, Kleiner Perkins won't give your Web 2.0 startup money [Venture Capital]

In the latest issue of Fortune, a feature about venture capital firm Kleiner Perkins pointed out that the company has yet to make any investments in Web 2.0. The firm which was an early investor in Google has not been so bullish on the likes of Facebook. (The investment in Friendster couldn't have helped.) Instead, it has continued to focus on biotech on the one hand and changed focus to cleantech on the other. Reporter Adam Lashinsky noted that KP didn't even send a representative to the Wall ...