Hedge funds used to occupy a dark, undisturbed corner of the financial world, but over the last year theyve been thrown under the spotlight. Still, many people dont know exactly what hedge funds are, or what hedging actually means. Senior Editor Paddy Hirsch explains.

Sep. 15, 2008. Global markets were reeling Monday after a convulsive day on Wall Street that saw a leading US investment bank file for bankruptcy and other institutes scramble to merge as the credit crunch claimed one of its biggest victims yet. Stock prices plunged in Asia and Europe in the wake...

Sep. 15, 2008. Global markets were reeling Monday after a convulsive day on Wall Street that saw a leading US investment bank file for bankruptcy and other institutes scramble to merge as the credit crunch claimed one of its biggest victims yet. Stock prices plunged in Asia and Europe in the wake...

Sep. 17, 2008. Central banks around the world are pumping billions of dollars into money markets in a coordinated bid to calm and stabilize financial markets. The European Central Bank said it had joined with the Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan and the...

Does flooding the world with cash mean a credit thaw?

In the midst of the ongoing credit crisis, the nation's largest insurance firm has reported major losses. Alexis Christoforous reports on the top financial news of today. (CBSNews.com)

Alexis Christoforous reports investors will examine consumer credit and trade-gap reports, among others; General Motors and Chrysler posted sales gains in May; and Bally Total Fitness' bankruptcy. (CBSNews.com)

Investors Counting on Obama Stimulus Package; According to Credit Suisse, 8.1 Million More Foreclosures to Occur Over Next Four Years

YourDailyFinance.com US retailers are expected to begin bankruptcy filings in masse, after a disappointing holiday season furthered the worst consumer-spending slump in decades. Retailers are being hit with a double-whammy not only is consumer spending down considerably, but several of the retail...

Bloomberg News Ellen Pinchuk tells more about eastern Europe where ratings downgrading, plummeting currencies, predictions of deep recession all of these are going across the region; Latvias Credit rating cut to junk on worsening external outlook; credit

IMF Provided $10 Billion Rescue for Iceland's Economy - Interview with Gylfi Magnusson, Iceland's Minister of Business Affairs (Bloomberg News)

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Former White House spokesperson Dana Perino wants the Bush Administration to share credit for any economic turnaround. visit: firedoglake.com

Economic Policy Institute Economist Josh Bivens on corporate tax breaks impact on unemployment. ... Josh Bivens Economic Policy Institute corporate unemployment tax credit jobs Economist companies corporations

MIG Investments Chief Economist Bill Hubard on why employment and lending are key concerns for the US economy cash recession spending lending retail Chief Economist banks employment money jobs dollars Bill Hubard consumer MIG Investments recovery credit cards interest rates unemployment euros...