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The latest data from the Labor Department shows that employers shed 539,000 in April, the fewest number of job cuts since November. But unemployed workers may have to stick it out a bit longer as most firms still appear to be in no mood to hire.

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Worst-Case Scenario for Banks

posted: 2 HOURS 6 MINUTES AGO

filed under: Financial Crisis

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Government stress test results reveal that 10 of the 19 biggest U.S. financial institutions need to raise a total of $75 billion in new capital. But if the economy takes another negative turn, the government says it could mean nearly $600 billion in losses. DailyFinance has the details.
Also: BofA CEO Lays Out Plan for Future
• Was Market Rally Stress Test Gamble?
BloggingStocks: Cramer Bothered by Stress Test Leaks

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Market News

posted: 22 DAYS 4 HOURS AGOcomments: 9

filed under: Investing

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Market Update

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DJIA NASDAQ S&P 500 10yr Note

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Money Advertisement

posted: 98 DAYS 19 HOURS AGOcomments: 0

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Morgan Stanley Offerings to Raise $8B

posted: 33 MINUTES AGOcomments: 0

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Morgan Stanley announces a stock offering of 167.9 million of its common shares that would raise $4 billion and a bond offering to raise another $4 billion. Some of the cash would be used to erase a $1.8 billion shortfall highlighted by the government stress tests.

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Fannie Mae Needs $19 Billion in US Aid

posted: 3 HOURS 6 MINUTES AGO

filed under: Earnings, Financial Crisis

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After reporting a loss of $23 billion in the first quarter, mortgage lender Fannie Mae says it needs an additional $19 billion in U.S. aid. Quote: FNM

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Will Oil Hamper Economic Recovery?

posted: 4 HOURS 16 MINUTES AGO

filed under: Financial Crisis, Crude Oil Prices

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As crude futures begin to creep back up again, hitting a record high for 2009, 24/7 Wall St. says that for the first time in months, oil has become a real threat to business and consumer activity.

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