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Stocks plunge on fears of a 'full-blown recession'

Stocks fell sharply on a variety of factors – from a pessimistic Federal Reserve to reports that Europe might be headed for a recession. But falling stocks don't guarantee a recession is coming.
Why the stock market took a pounding Thursday

The Dow Jones Industrial Average shed 419.63 points to close at 10,990.58. News from Europe and unfavorable economic reports in the US appear to be factors.
Wall Street, wary but expectant, awaits debt ceiling deal from D.C.

The markets are counting on Washington to raise national debt ceiling by Aug. 2, but that's not all. Wall Street also expects a deal that cuts the size of US budget deficit. How much is it looking for?
How exposed is US economy to the Greece debt crisis?

Because of concerns about Greece, the US stock market has fallen about 7 percent, dropping for six weeks. Although it broke the losing streak last week, there is still uncertainty among investors.
Japan nuclear crisis rocks Dow; uncertainty clouds stocks' future

After plunging at the opening Tuesday, the Dow Industrial Average regains some ground. But uncertainty over the Japan nuclear crisis could weigh on the economy, and markets, for some time.
Why Egypt protests unnerved the stock market today

The stock market today fell by 166 points, with investors worried about shipping through the Suez Canal and the possibility that protests will spread through the Middle East.
State budget woes: How much will they drag down US economy?

Cutting employees, raising taxes, and delaying payments to vendors could slow economic recovery, experts say, but perhaps only slightly.
Goldman Sachs under fire: Is Wall Street cheering or cowering?

On Wall Street, Goldman Sachs is admired to a certain extent for its ability to generate profits. But the firm is also resented for a certain swagger.
In surprise move, the Federal Reserve raises a key discount rate

Stocks in Europe and Asia fell overnight after the Federal Reserve moved to raise its 'discount rate' by a quarter point.
What Wall Street wants from Obama in State of the Union

President Obama has responded to recent setbacks by striking a more populist tone, and his primary target has been Wall Street. Bankers are hoping he takes a more inclusive line in his State of the Union address Wednesday.
Why debt at Dubai World is shaking world financial markets

As conglomerate Dubai World delays debt payments, most analysts look for Arab Monetary Fund to step in to avert a crisis in financial markets. That's not likely, though, until Sunday.
US unveils new $800 billion plan to loosen credit

The money will go to unfreeze mortgage and consumer lending.
Backlash to federal bailout grows among voters

Liberals and conservatives sign online petitions and complain to Congress. Some push alternative plans.
As crisis deepens, Fed steps up role

The collapse of Bear Stearns sends the central bank scrambling to ease fears.
Big lenders begin to find stable ground

Stronger financial institutions are purchasing weaker ones. Case in point: Bank of America has announced it will purchase Countrywide Financial.