Stocks Boosted by Fed Discount Rate Cut

Associated Press NEW YORK  —  Stocks soared Friday after the Federal Reserve did what Wall Street was clamoring for and cut its key discount rate a half percentage point. The move quelled credit worries at least for the time being and sent the Dow Jones...

The lending market lost its rudder

The lending market lost its rudder and took a nosedive last week and interest rate on some programs went up as investors stood on the sidelines in confusion. Where does an Investor put his or her money now? Unemployment is up slightly to 4.6%…the Jobs Report came in...