Stocks saw its biggest one-day gain since May 2010 Tuesday after a wild market session as investors snapped up beaten-down stocks and following a Fed statement to keep interest rates near zero for at least two more years.The Dow Jones Industrial Average soared 429.92 points, or 3.98 percent, to close at 11,239.77, after fluctuating heavily [...]

The Federal Reserve on Tuesday said that the risk of a downturn in the nation’s economy had increased, and that it was prepared to use additional policy tools, including extending its period of exceptionally low interest rates, until at least 2013. The Fed’s announcement was eagerly awaited by investors who have responded to grim economic tidings [...]

The Federal Reserve on Tuesday said that the risk of a downturn in the nation’s economy had increased, and that it was prepared to use additional policy tools, including extending its period of exceptionally low interest rates, until at least 2013. The Fed’s announcement was eagerly awaited by investors who have responded to grim economic tidings [...]

Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P’s downgrade of U.S.’s credit rating last week in addition to ongoing economic jitters. The Dow Jones Industrial Average plunged well-below the psychologically-significant 11,000 mark. The declines, coming in the first opportunity for investors to [...]

The following article is from the Washington Post, and explains the implications of the recent downgrade of the U.S. Credit Rating, and how it affects you. The impact on your wallet of the Standard & Poor’s downgrade of the nation’s credit rating is similar to what would happen if your own credit score declined: The cost [...]

Standard & Poor’s Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt. The agency also lowered the ratings for: farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and three major clearinghouses, which are used to execute trades of [...]

Warren Buffett says there’s no question that the United States’ debt is still AAA and that he’s not changing his mind about Treasurys based on Standard & Poor’s downgrade. “If anything, it may change my opinion on S&P,” the legendary investor said. Buffett is a big shareholder in Moody’s, rival to S&P. And Buffett is putting his money [...]

Tel Aviv shares closed 7 percent lower on Sunday in the first response of a developed market to Standard & Poor’s downgrade of the United States’ credit rating that has sparked fears of another global recession. The Israeli market along with a few emerging markets in the Middle East were the first to trade after S&P [...]

The following is a Politico report: One day after lowering the nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday that the U.S. government could face a second downgrade if the economy continues to struggle and the government fails to make the cuts outlined in the debt ceiling agreement. The ratings agency on Friday downgraded [...]

A top official at Standard & Poor’s pushed back Saturday against the Obama administration’s criticism that their decision to downgrade the nation’s credit rating was based on “flawed” math. The administration had tried to prevent the downgrade announced late Friday by telling S&P that the agency had made a $2 trillion error in its calculations about [...]