World central banks unite to ease credit strain: The U.S. Federal Reserve and four other central banks on Tuesday teamed up to get hundreds of billions of dollars in fresh funds to cash-starved credit markets, allowing financial firms to use securities backed by home mortgages as collateral for central bank loans.
Dollar Falls to Record Low on Concern Fed Package Won't Succeed : The dollar fell to a record below $1.55 per euro as firms from Citigroup Inc. to Goldman Sachs Group Inc. said the Federal Reserve's plan to inject $200 billion into the banking system may fail to break the freeze in money-market lending.
Crude rallies to surpass $110 as dollar falls: Crude-oil futures gained more than $1 Wednesday to surpass $110 a barrel for the first time, moving higher as the dollar fell to a new low against the euro in a lift for dollar-denominated oil prices and as speculation increased in the futures market.
Billionaire Investor Sees Bank Failures Ahead: Billionaire investor Wilbur Ross says the current market downturn differs from previous slumps in that no American banks have yet failed this time, but he suggests that's about to change.
Meltdown Looms Larger As Credit Markets FreezeGold & Silver Futures Gain As $ Hits New Low
Shocker - Dollar Declines Fed Rescue Won't Succeed
Upside-Down Mortgages & Sinking Home Prices
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