Search results for

Stock prices Tuesday had their biggest one-day gain in five years. Prices jumped after the Federal Reserve decided to cut a key interest rate by three-quarters of a percentage point. Fed policymakers said they remain concerned about the slowing U.S. economy and suggested that they may cut rates again.

The Rev. Jeremiah Wright's comments from the pulpit at Trinity United Church of Christ in Chicago have spotlighted on his church and his relationship with Barack Obama. The church being portrayed in the media, however, is unrecognizable to many who are familiar with the congregation.

Pakistan President Pervez Musharraf pledges support for the country's new government, calling it an era of real democracy. But Pakistan's incoming prime minister, former parliament speaker Yousaf Raza Gilani, faces a truly daunting task.

The Federal Reserve's decision to extend credit to the ailing investment bank Bear Stearns is an unprecedented move. And the Fed took additional steps to address a crisis of confidence on Wall Street.

Ted Cruz, Texas solicitor general and the drafter of a friend-of-the-court brief signed by 31 state attorneys general asking the Supreme Court to strike down the Washington, D.C., ban on handguns, says the court should clear up years of arguments and state strongly that the right applies to individual citizens.

As the U.S. dollar hit a 12-year low Thursday in relation to the yen, U.S. Treasury Secretary Henry Paulson talks with Melissa Block about the weakness of the dollar and recommendations from the president's working group on shoring up the nation's financial services sector.

Chinese authorities blame the Dalai Lama for recent protests seeking independence for Tibet. But the Dalai Lama said Monday that he does not seek independence for Tibet — only true autonomy.

Many people lost big money as Bear Stearns collapsed, among them British billionaire Joseph Lewis and Dallas-based money manager James Barrow. But employees may take the biggest hit. Collectively, they owned a huge stake in the bank.

With a looming recession, the Federal Reserve has taken an unusually active roll in trying to prevent a total collapse. Ken Kuttner, a former Fed staff economist, discusses the role the Fed is playing in the current economic turmoil.

Saying he looks at his brief tenure as "what might have been," New York Gov. Eliot Spitzer resigned Wednesday. The former state attorney general, who fought Wall Street and organized crime, was named as a client of a prostitution ring.