U.S. stocks are likely to open higher Wednesday after improved sentiment helped stem a massive flight to quality and yields on shorter-dated Treasurys rebounded.
CNNMoney: A rally at the openupdated: Tue Aug 21 2007 21:52:00
Stocks opened sharply higher Wednesday as credit markets calmed down a bit and speculation grew on Wall Street that a Fed rate cut was coming, maybe soon.
Stocks are likely to open higher Wednesday on increasing expectations of a rate cut by the Federal Reserve.
During times of market turmoil it helps to simplify and talk basics -- explain things to the public and even yourself in terms of what can be easily understood.
Treasury Secretary Hank Paulson predicts that the "current strained situation" in the markets "will take time to play out, and more difficult news will come to light. Some investors will take losses, some organizations will fail," he says in remarks that will appear in the forthcoming issue of Fortune.
Fortune: The China conflictupdated: Wed Aug 15 2007 21:43:00
Fireworks exploded over Tiananmen Square Wednesday night to mark the official one-year rundown to the 2008 Olympics. In American presidential politics, China is already producing fireworks between the nation's two major parties.
President Bush said Wednesday the U.S. economy is thriving and he is doing what it takes to keep it strong.
The Dow pops into uncharted 14,000-point territory. An economy pummeled by the 9/11 terrorist attacks has grown for 22 quarters straight. Unemployment stands at 4.5 percent - lower than any average decade from the 1960s through the 1990s. And Treasury Secretary Hank Paulson declares: "This is far and away the strongest global economy I've seen in my business lifetime."
Question: What do you get when you put 16 sure-minded Chinese officials in a chandeliered room with a dozen lame-duck Republicans?
Chinese Vice Premier Wu Yi may be Treasury Secretary Hank Paulson's best hope in the coming months to talk China into freer trade policies. But when the 68-year-old comes to Washington in May for t...
China will invest in an American-led clean coal technology project. The New York Stock Exchange and NASDAQ will get the okay to open offices here. And Treasury Secretary Hank Paulson promises that America will try to increase its dismal savings rate.
Senior U.S. officials, led by Treasury Secretary Hank Paulson, arrived inside the Stalinist-style Great Hall of the People Thursday morning, briefed and breakfasted and eager to offer guidance to Chinese leaders on how to become a "responsible stakeholder" in the global economy.
In case anyone might miss his point, Hank Paulson landed in China this week alongside four U.S. cabinet secretaries, two agency heads and the chairman of the Federal Reserve. One more top American player and the Treasury Secretary could field a baseball team on the Wukesong Olympic field.
Fortune: Portraits of Powerupdated: Mon Nov 27 2006 15:48:00
Power is highly mutable. Take the world's two richest men, a couple of bridge-playing buddies named Bill and Warren.
CEO pay is still soaring. But SEC chair Christopher Cox (left) and others are pushing for accountability. Here's the skinny.
Information everywhere. Connectivity at all hours. A smaller world.
WITH EIGHT ANGRY MORGAN STANLEY alums--including one former chairman and one past president--mounting a media-driven blitz to oust CEO Phil Purcell, Wall Streeters have noticed that one big name is...
SEPTEMBER 17, 2001, 9:20 A.M. The New York Stock Exchange, which has been closed since the World Trade Center attack on Sept. 11, is about to reopen. The platform is filled with dignitaries: U.S. T...
Fortune: EDITOR'S DESKupdated: Mon Oct 18 2004 00:01:00
Pattie Sellers's title is editor at large. Here's what she really is: schmoozer-in-chief. Pattie knows everybody, and her incessant networking--jargon for old-fashioned reporting--makes her a fount...
Bouncing in the back seat of a Toyota 4Runner as it crawls along volcanic clay roads through the jungle, Hank Paulson, the 57-year-old chairman and CEO of Goldman Sachs, wants nothing more than to...
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