1st time ever: 10-year yield is below 3%more similar news »
Demand for U.S. Treasury bonds surged Wednesday, lowering the yield on the benchmark note to an all-time low, as investors responded to grim economic data and falling mortgage rates.
Bailouts: $7 trillion and risingmore similar news »
The U.S. government is now willing to spend more than $7 trillion to help rescue the economy. That's about $23,000 for every American, and more than half of U.S. annual gross domestic product.
Oil jumps after China cuts ratesmore similar news »
Oil prices rose Wednesday after a large rate cut from China's central bank offset concerns about falling demand from a large jump in domestic stockpiles, and a series of negative economic reports.
Gas prices fall below $1.87more similar news »
Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.
Mortgage rates plummetmore similar news »
Mortgage rates fell sharply yesterday after the administration announced that it will pump another $800 billion into credit markets to free up frozen consumer and mortgage lending.
Dow struggles highermore similar news »
The Nasdaq slipped Tuesday, but the Dow and S&P 500 ended higher for the third straight session as investors welcomed the government's latest efforts to jumpstart lending, but remained cautious.
AIG chief slashes salary to $1more similar news »
AIG Chief Executive Edward Liddy agreed to slash his annual salary to $1 as part of a series of voluntary pay restrictions by top executives tied to a massive $150 billion government bailout.
