U.S. Federal Reserve in an emergency meeting cuts interest rates, which follows major corporations such as Bank of America and Vachovia to lower their prime rates.

Effective today, Wachovia Corporation (NYSE:WB) lowered its prime interest rate to 6.50 percent from 7.25 percent at Wachovia Bank, National Association and all of its other banking subsidiaries.

Bank of America, N.A., LaSalle Bank N.A. and LaSalle Bank Midwest N.A., announced today that they are lowering their prime-lending rates to 6.50 percent from 7.25 percent, effective January 22, 2008.

European stock markets appear to have rallied after the severe losses recorded when they opened this morning. Following news of continued falls on the Asian markets, Amsterdam's AEX lost five percent soon after opening.

Fed rate cut of .75 percent sunned the markets this morning. The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent.

The Australian share market is in a tailspin amid fears that Asia has been caught up in the United States economy's slowdown.

In an old-fashioned pyramid scheme, the alluring premise is that you'll get back far more than you invest, a exponential return. The reason it is a "scheme" rather than a sustainable business model is that it is impossible for everyone who joins the pyramid to achieve the same returns.

Mike Southon and Jeff Macklin two of the co-authors of the highly successful book ‘Finance on a Beermat’ are leading a one-day conference taking place in March in Central London.

Cash out refinance is a mortgage idea that house owners are applying these days. This loan can be better defined by relating it as the blend of home equity loan and a refinance loan.

As consumers increasingly look to go green, research reveals that investing in environmentally aware companies can improve investment performance

Fannie Mae is promoting responsible lending, and is working in local communities throughout the nation to help develop solutions to the problem of predatory lending.

National Housing Groups Announce the Endorsement of National Industry Foreclosure Counseling Standards to Help Save Thousands from Foreclosure.