David R. Sands
Articles by David R. Sands
Dow gains 401 points as oil prices decline
The prospect of cheaper oil and cheaper money helped Wall Street buck the global market trend and post sharp gains Thursday, as a late rally put U.S. stock markets in the black after two days of sharp losses. Published October 17, 2008
With late rally, Wall Street bucks trend
The prospect of cheaper oil and cheaper money helped Wall Street buck the global market trend and post sharp gains Thursday, as a late rally put U.S. stock markets in the black after two days of sharp losses. Published October 16, 2008
Losses lighter as queasy traders digest more bad news
In what passes for good economic news these days, panic gave way to uncertainty as Wall Street investors tried to digest a string of new reports on the health of the U.S. and world credit markets. Published October 16, 2008
Future of aid flow concerns Nepal
Baburam Bhattarai, Nepal's new finance minister, can appreciate the irony. Published October 16, 2008
UPDATED: Paulson reluctantly agrees to recapitalize
UPDATED -- Confidence and cash will restore the economy's health, but it will take time and patience, too, Treasury Secretary Henry Paulson said Wednesday. Published October 15, 2008
Bush: Banks boost to be ‘limited, temporary’
The Bush administration's plan to spend up to $250 billion to bolster the U.S. banking industry comes with a built-in exit strategy - assuming the plan works as its designers hope. Published October 15, 2008
Treasury weighs how to cash out ‘ante’
The Bush administration's plan to "invest" up to $250 billion in the U.S. banking industry comes with a built-in exit strategy — assuming the plan works as its designers hope. Published October 14, 2008
European action sparks record-setting market rally
European governments Monday helped spark a record-shattering global market rally, pledging more than $2 trillion in taxpayer money in a coordinated strike to shore up the Continent's banks as the Bush administration scrambled to rework its own $700 billion Wall Street rescue package. Published October 14, 2008
Bailout boss Kashkari buoys banks
When you have a $700 billion bankroll, you have no trouble filling a room. Published October 14, 2008
Bailout chief speaks, promises quick action
Treasury Department official Neel Kashkari told international bankers on Monday that the government has already taken steps to implement the rescue package. The stock market rebounded almost 600 points. Published October 13, 2008
Europe agrees to secure banks
Leaders of 15 European nations revealed a plan Sunday to put new money into banks while facing a global credit crunch, as policymakers nervously awaited the re-openings of battered world stock markets. Published October 13, 2008
European leaders act as markets prepare to reopen
UPDATED: Leaders of 15 European countries on Sunday announced a joint plan to put new money into their banks and guarantee their lending in the face of a global credit crunch. Published October 12, 2008
Nervous markets eye G-7’s weekend work
The handiwork of the world's top finance ministers and central bankers gets its first meaningful review as stock markets around the world are poised to reopen Monday after a week of record losses and bank failures. Published October 12, 2008
Financial crisis reshapes world order
As shell-shocked central bankers and finance ministers gather in Washington to confront the world's financial meltdown this weekend, that grinding noise in the background is the sound of the global balance of power shifting. Published October 12, 2008
Financial chiefs seek global unity
They'll be in the same room, but the world's finance ministers and central bankers will be under intense pressure to show they are on the same page this weekend in Washington as the financial crisis continues to claim victims and cause havoc around the globe. Published October 10, 2008
Fed, central banks coordinate interest-rate cut
Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise coordinated bid to boost the international economy and reassure plunging stock and credit markets around the world. Published October 9, 2008
As Palin’s star dims, Fey turns superstar
Sarah Palin has been very good for the career of Tina Fey. Published October 9, 2008
World’s central banks coordinate rate cuts
Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise, coordinated bid to boost the international economy. Published October 8, 2008
As Tina Fey soars, Sarah Palin struggles
Sarah Palin has been very good for the career of Tina Fey. But the "Saturday Night Live" guest star isn't returning the favor. Published October 8, 2008
Bush, Fed pleas fail to sway markets
A presidential pep talk and a dramatic move by the Federal Reserve to boost business lending could not shore up sagging U.S. markets as the Dow Jones Industrial Average plunged more than 500 points Tuesday to a four-year low. Published October 8, 2008
