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Stocks slumped Friday after banks' second-quarter earnings fell short of expectations and a new survey found that consumers are becoming more pessimistic.
Bank stocks shot higher Friday after an agreement on a financial regulation bill reassured investors that new rules won't devastate financial companies' profits.
The toll from twin bomb blasts near the Trade Bank of Iraq in Baghdad rises to 27 dead with more than 50 people wounded, officials say. Baghdad - Car bomb - Iraq - Capital - Middle East
President Barack Obama accused Republicans on Saturday of spreading misinformation about a Democratic bill that aims to tighten oversight of Wall Street banks and their practices. Barack Obama - Republican - United States - President - President of the United States
The new estimates, for a loss of $42 billion out of $370 billion lent to banks, could lower the administration’s deficit forecast for this fiscal year.
Israel officially approved the construction of hundreds of new homes in the West Bank, the Defense Ministry says, deepening an already unprecedented rift with the U.S. over Israeli settlement expansion.
Nearly a year after the federal rescue of the biggest U.S. banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.
The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning about a drop in investment in developing countries.
