The credit crisis
Seeking to calm fearful investors, President Bush said the steps the government is planning to take are "big enough and bold enough to work."
Billionaire investor Warren Buffett is buying U.S. stocks, he wrote in an opinion column in the New York Times.
Investors sold in reaction to a drop in retail sales and a report that said that tight credit markets were hurting businesses. The Dow had its second-largest point loss.
Stocks rocketed out of the doldrums on Monday, shaking off eight days of losses as officials in the United States and Europe took steps to bolster their banking systems.
Completing a rush of news remaking the banking industry both locally and worldwide, Spain's Banco Santander said it will take over Sovereign in a $1.9 billion deal.
One of the nation's largest banks — Washington Mutual Inc.— has collapsed under the weight of its enormous bad bets on the mortgage market.
Wells Fargo would buy Wachovia in an $15.1 billion all-stock deal. Citigroup, who had planned to buy Wachovia with the help of the FDIC, is demanding that Wells Fargo adhere to the terms of its earlier deal.
The dinner table is often the site of a fiery financial debate at the Felzani residence in Peabody.
Patricia Ohlemiller packed up her telescope recently and headed to a drop-off center for iSold It eBay. She hoped to recoup $150, minus commission, of its original $350 value.