October 07, 2008 1:39 PM ET
The central bank will buy commercial paper, but markets remain volatile. Royal Bank of Scotland plunges on talk it is turning to the British government for help. Bank of America will cut its dividend. Stocks to watch: Bank of America, MasterCard, Advanced Micro, Nokia and Ford. | Read more |
Everything's changed -- it's worse![]() This market downturn could be longer and deeper than anticipated. With the $700 billion rescue plan a danger in itself, consider rebalancing your portfolio for harder times. Jubak's Journal Boys, girls and the money divide![]() Girls are still falling behind boys when it comes to learning basic financial skills and savvy. Can parents fix this disparity? Special multimedia report
Financial news centerFed creates commercial paper-buying facilityThe Federal Reserve on Tuesday announced it would create a special-purpose facility, with the Treasury Department's blessing, to begin buying commercial paper in yet another emergency move aimed at calming chaotic financial markets. 10/7/2008 9:59 AM
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[BRIEFING.COM] Stocks fall to session lows in choppy action as Fed Chairman Bernanke gives his speech on the economy. He is currently participating in a question and answer session.
Bernanke said the Fed will need to consider whether...more...
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