NEW YORK (AP) - Stock prices fell sharply to begin the trading week on Wall Street. The Dow dropped 3.3% or 254 points to 7,522. Asian markets have been mixed today, while European markets rose in early trading.
NEW YORK (AP) - A pair of reports due today will focus on areas of key concern for investors, the housing market and the consumer's mindset. The S&P/Case-Shiller home price index is scheduled for release before the openign bell. Also today, the Conference Board is to report on consumer confidence.
WASHINGTON (AP) - The World Bank says the deepening recession is making the world's poorest people even more vulnerable. It forecasts that growth in the developing world will slow to 2% this year -- about half the rate of growth it estimated back in November.
WASHINGTON (AP) - The global financial meltdown will dominate the first stop of President Barack Obama's overseas tour. He leaves for London this morning for the G-20 summit of world economic powers.
KUALA LUMPUR, Malaysia (AP) - Oil prices have edged up in Asia but remained below $50 a barrel as fears of a major automaker bankruptcy in the U.S. sparked renewed jitters over the global economy. Benchmark crude for May delivery rose 69 cents to $49.10 by late afternoon in Asian electronic trading on the New York Mercantile Exchange.