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Swaggers turn to shudders a year after market high. Just a year ago, investors were swaggering as the stock market surged to an all-time high. Now, almost everyone on Wall Street and Main Street seems to be shuddering amid a frightening reversal of fortune that has erased $8.3 trillion in shareholder wealth in the past 366 days. Oil prices dive to one-year lows as stock markets slide. Oil prices slumped Friday to one-year lows under 80 dollars per barrel, striking 75 dollars in London, amid a global equities meltdown that sparked fears over demand for energy, traders said. Russia Is Slammed Hard by Credit Crisis. U.S. News & World Report - MOSCOW--By any measure, Russia's stock markets have been on a sickening ride. G7 pledges urgent, decisive action as markets reel. Finance chiefs of the world's major economies pledged on Friday to take decisive action and work together to stem the escalating financial crisis after another day of gut-wrenching drops on world markets. Market ends mostly lower after wild session. The Dow and the S&P 500 dropped for an eighth session on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P amid more anxiety about the condition of credit markets and the threat of a global recession. Stocks end worst week mixed after wild session. Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Toronto stocks swoon amid panic and commodities drop. The main index of the Toronto Stock Exchange tumbled almost 6 percent on Friday as the latest wave of panic swept through global equity markets, wiping billions of dollars more from investor portfolios and pushing commodity prices sharply lower. US tech stocks not immune to market downturn. Even the giants of technology did not emerge unscathed from the bloodbath this week on Wall Street. Your Bank in Your Pocket. Property manager Joshua Rosenthal was in a car headed toward Miami Beach when he realized he needed to transfer a tenant's rent money to his company's account. No problem. The driver didn't even have to pull off the road. Rosenthal, owner of Bethesda property-management company CAPM, just fiddled.. The Primecap Edge. Dodge & Cox has been around forever -- the San Francisco firm dates to 1930. But the fund family didn't really garner notice from the average investor until earlier in this decade, when a rally in value stocks and the dot-com bust revealed that outstanding fundamental value investors like Dodge &.. Pay Less Tax on Your Funds. The nip of autumn is in the air, and that means it's time for many mutual fund companies to announce their capital-gains distributions. This has been a wretched year for the stock market, but because of the way funds work, you may still be on the hook for income taxes nextApril. Whether the market.. A Fund That's Actually Making Money. The stock market has been such a disaster this year that if you uncover a fund that's made money, you know you've found something out of the ordinary. Hussman Strategic Growth is such a rare bird. Year-to-date through October 3, the fund earned 3% year, a stunning 27 percentage.. Playing Defense at Vanguard Selected Value. Jim Barrow is investing defensively at Vanguard Selected Value. "The consumer is under a great deal of pressure," says Barrow, whose firm runs about three-fourths of the fund's assets. He expects the consumer-related companies in his portion of the fund, such as discounter Family.. A New Economic Agenda. In my long career as an economic journalist and forecaster, I've become known for my steadfast optimism about America's future. Tax rules on borrowing from subsidiaries eased. Regulators last week relaxed a rule allowing U.S. companies to borrow from their foreign subsidiaries, without triggering a 35 percent corporate income tax, in a move ease access to capital. McCain says he would buy up bad home mortgages. Republican U.S. presidential candidate John McCain on Tuesday said that if elected president he would order the Treasury Department to buy bad home mortgages and renegotiate them to help homeowners in trouble. Spanish bank fund will acquire only top-rated mortages: official. Spain's new 30-billion-euro bank rescue fund is aimed at acquiring top-rated mortgages in exchange for injecting essential liquidity into the credit market, a government spokesman said Wednesday. The Fed, the Crisis, and Your Portfolio. BusinessWeek Online - Financial advisers are usually an unflappable bunch. When the markets are wild, investors turn to their financial planners for calm, consistent advice: Stick to the plan, think long term, don't do anything rash. Advisers have studied their history and know that markets go up, down, and sideways; proper investing requires patience. Obama slams 'risky' McCain mortgage plan. Barack Obama slammed John McCain's plan to buy up 300 billion dollars in bad mortgages as "risky" on Thursday, and warned his White House rival was offering "erratic" leadership at a time of crisis. Japan's Yamato Life Insurance files for protection: report. Japan's Yamato Life Insurance is in the process of filing for bankruptcy protection, Jiji Press reported Friday. |
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