Market snapshot
Featured Slideshow
How the Fed and Treasury Adopted a Brand New PlaybookA look at some of the unprecedented moves the Fed and Treasury took to bring the financial markets back from the precipice.
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Stock of the day - AT&T (T)
Breaking News and Videos
Today's commentary
Three Decades of Subsidized Risk -- There's a reason Dick Fuld didn't believe Lehman would be allowed to fail. (Source: Wall Street Journal)
Yet Another Budget Commission? -- How to make this one work. (Source: Forbes.com)
The Quiet Death of the Kyoto Protocol -- Reading the climate news in recent weeks, one might start to wonder who won the last election. (Source: The American)
Why This Real Estate Bust Is Different -- Unrealistic assumptions, layers of investors, sky-high prices, and possible fraud will make it hard to clean up the mess in commercial real estate. (Source: BusinessWeek)
Comparing India and China -- We always seem to lag behind our big rival. A new index that measures prosperity tells a surprising story. (Source: livemint.com)
News that you should pay attention to
Word on the Street
The jobs market came back into focus today after the unemployment rate hit its grimmest milestone yet. The US jobless rate jumped up 0.4 percentage point to 10.2% in October, the highest level since April 1983. The bad news is that the rate will likely stay this high for months to come .
Double-Digit Unemployment… Just How Lagging Is It ?
Video -- Unemployment's Stock Market Impact
First it was a war between Wal-Mart (WMT) and Amazon (AMZN), but now Target (TGT) has jumped into the ring. The three companies are currently in a discount price battle to lure customers in during the holiday season. $10 DVDs is quite appealing to cash-strapped consumers.
The last two quarters have played out much better for American International Group Inc. (AIG). The insurer posted its second straight profit as its core insurance operations continue to stabilize after the company's bailout last year by the government.
Shares of General Electric (GE) climbed higher after two analysts raised their ratings on the largest US conglomerate to “outperform”. The company definitely felt the love on Wall Street following the news of the upgrade.
You Get a Tax C ....
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Term of the day
Notable Quotable
Warren Buffett
On this Date
Due to hyperinflation, a loaf of bread in Berlin sells for about 140 Billion German Marks.
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