A key form of lending to major businesses and banks contracted for the sixth week in a row, just days before the Federal Reserve plans to start buying up large amounts of the short-term business debt known as commercial paper.
Credit markets eased slightly Tuesday after the Federal Reserve announced plans to help unclog the pipeline by buying up short-term corporate debt that is typically used to cover day-to-day business expenses.
Treasurys dipped lower after struggling for direction most of the day on Monday, as investors awaited economic data due out later this week and kept a keen eye on equities, which have taken a beating of late.
Wall Street banks made a big move Monday to shore up a key short-term financing market, but it remains to be seen whether the effort will calm investors and prevent the subprime contagion from spreading.
Bill Gates and Eli Broad two of the most generous philanthropists in the world are joining forces in a multi-million dollar project aimed at improving America's public schools and pushing education higher on the agenda of the 2008 presidential race.
The Federal Reserve raised rates again Thursday, and Wall Street cheered as some saw hints of a less aggressive central bank.
Money Magazine: Stock Fundsupdated: Fri Jan 20 2006 10:31:00
Below are the latest returns for 725 of the most important stock funds, including how they have performed against their peers (see page 90 for peer-group abbreviations). Each is available for a minimum investment of $25,000 or less, has assets of at least $900 million (as of Oct. 31) and has been operating since at least Jan. 1, 2005.
By 2030, the number of Americans over age 65 could more than double, putting a strain on the federal budget. But Fed Chairman Alan Greenspan says retirees can lessen the burden by financing more of their retirement themselves.