Financial Telegraph predicts complete meltdown of US banking system

All Belgian newspapers opened yesterday with disaster headlines, giving wide coverage to the free fall of the bank insurer's stock. 'Fortis crashes,' 'Disaster day for Fortis,' and 'Fortis loses 5.3 billion,' reported three leading newspapers on their respective front pages.

//tinyurl.com/3gxydr



US Stock Market Posts Worst Monthly Decline since 1930s

Analysts say record oil prices and continuing fears about the U.S. economy have helped push the Dow Jones Industrial Average to its worst month since the Great Depression of the 1930s. VOA's Mil Arcega reports.

//www.voanews.com/english/2008-07-01-voa27.cfm



Stocks tumble as risk aversion grips markets

Tumbling European and U.S. banking shares soured equity markets on Tuesday as the second half of 2008 started with a heavy aversion to risk spurred by surging oil and inflation fears.

//www.guardian.co.uk/business/feedarticle/7622948



Ford June U.S. sales drop 28.1%

Ford Motor Co. (F: News, Chart, Quote ), the third largest U.S. automaker, said Tuesday that its June U.S. vehicle sales dropped 28.1% from a year ago, hurt by sharp decline in sales of trucks and sport utility vehicles amid higher gasoline prices and the ongoing slump in consumer confidence.

//www.rttnews.com/Content/TopStories.aspx?Node=B1


From Information Clearing House



//freepage.twoday.net/search?q=US+banking
//freepage.twoday.net/search?q=stock+market
//freepage.twoday.net/search?q=Great+Depression
//freepage.twoday.net/search?q=oil+price
//freepage.twoday.net/search?q=gas+price

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