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While Wall Street faces the biggest overhaul of its regulatory structure since the Great Depression, analysts are already wondering if the plan to be announced by Treasury Secretary Henry Paulson on Monday would help prevent the kind of risky investments that led to the near-collapse of Bear Stearns Cos.
Stocks managed to notch a modest gain Thursday, with Wall Street cautious ahead of Friday's jobs report but hopeful that the global financial system is on the mend.
The Federal Reserve is backing JPMorgan Chase & Co.'s revamped offer to buy Bear Stearns Cos.
Oil futures pulled back sharply Friday after fears of a major disruption of Iraqi crude exports dissipated. A stronger dollar also lessened investors' appetite for crude.
With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread.
Commodities prices plummeted Thursday, with precious metals, agriculture and crude oil futures all falling sharply as a rebounding dollar led to heavy selling of hard assets.
Wall Street capped a week of remarkable volatility with a big advance Thursday that left stocks higher for the week but didn't silence all of investors' concerns about the economy and the financial system.
Fed's Bear Stearns Books Look Prime for CookingThe Federal Reserve is just days away from completing the financing for its bailout of Bear Stearns Cos., after which the central bank will have another big decision to make: how to account for it.
Bear Stearns Loss Presages More TurmoilBear Stearns reported its first quarterly loss ever, stung by the mortgage crisis that has swept markets across the globe.
Crisis Looms in Market for MortgagesFor investors who watched the technology bubble burst, the problems in the mortgage securities market have a familiar ring.
Crisis Looms in MortgagesFor investors who watched the technology bubble burst, the problems in the mortgage securities market have a familiar ring.
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