WASHINGTON Billed as a way for the government to put more fuel-efficient vehicles on highways, the $3 billion Cash for Clunkers program sold thousands of commuter-friendly cars, even hybrids, and more: Turns out, the most common deals replaced old
Oil prices fell to below $79 a barrel Friday as the strengthening U.S. dollar outweighed news that the U.S. economy grew again in the third quarter after contracting for a full year. By afternoon in Europe, benchmark crude for December delivery was
The Federal Reserve has begun conducting small-scale tests of trades called “reverse repos on Wall Street that would enable it to drain cash from the financial system once it decides to roll back its current extraordinarily loose monetary policy.In
Investors are increasingly trading credit default swaps of west European countries, while emerging market volumes fall in a sign of changing attitudes towards risk.CDS, which are used to insure bonds against default, are considered one of the best
The US credit derivative benchmark for investment grade corporate risk traded below 100 basis points on Wednesday, in a further sign that the vehemence of the financial crisis is abating for investors. The move marked the first time since May 2008 t
Wall Street banks are reaping outsized profits by trading with the Federal Reserve, raising questions about whether the central bank is driving hard enough bargains in its dealings with private sector counterparties, officials and industry executive
online 17