market turmoil

Investors who wagered that Washington Mutual would mange to survive the latest market turmoil may not have to pay as dearly as some had feared.

US banking giants Merrill Lynch and Citigroup report massive quarterly losses as market turmoil leads to further write-downs.

John McCain campaigned Tuesday in Iowa, where he tried to explain how the financial crisis on Wall Street hurts American businesses.

McCain said Main Street is the engine of the U.S. economy.

» E-Mail This     » Add to Del.icio.us

It has been a tumultuous few weeks in the financial markets. With the failure of major financial institutions, the government rescue of Freddie and Fannie, the volatile value of oil and the dollar, and the on-again off-again financial rescue package, the dynamics of U.S. markets are rapidly changing.

Like all major products and markets, the downtown Austin condo market will be directly effected by this economic turmoil.

Here are some of the ways that downtown condo projects may be effected:

This weekend, Justin alerted us to lies Barack Obama is spreading about John McCain’s Social Security positions.

Now, Ruth Marcos of the Washington Post, explores how widespread these lies are.

HSBC blames market turmoil as it cancels its $6bn (£3.3bn) agreement to buy Korea Exchange Bank.

Major global stock markets extend losses in the aftermath of the demise of top US investment bank Lehman Brothers

Europe's biggest insurers, including Allianz and Axa, report profit falls as a result of the financial market turmoil.

Hedge funds delivered their worst performance on record during the first half of 2008, revealing that the industry has not been immune to the broader market turmoil.

The European Commission downgrades eurozone growth forecasts again, blaming financial market turmoil.