U.S. stocks end with weekly losses on Fannie, Freddie trouble

Date: Fri, 11 Jul 2008 17:04:49 -0400

U.S. stocks sink, with the Dow industrials falling below the 11,000
level for the first time since August 2006, as the price of oil climbed
and investors contemplated the possible demise of mortgage buyers Fannie
Mae and Freddie Mac.

MarketWatch First Take: Fed can lend to just about anyone

Shares of Fannie Mae and Freddie Mac bounce higher on a report that the
companies have been assured by Fed Chairman Ben Bernanke that they can
borrow money if necessary. The fact is, even your Aunt Mabel could get
an emergency loan from the Fed.

Bonds, cash and precious metals are golden in this market

BOSTON
Holly Hooper-Fournier, editor of the Mutual Fund Strategist newsletter,
says that the vast majority of the stock market is not worth owning
right now, and said that investors should focus investments on gold and
precious metals, domestic bonds and cash.

How turmoil over Fannie, Freddie could affect morgtage market

Get ready to see mortgage rates rise somewhat as concerns about Freddie
Mac and Fannie Mae continue, those in the mortgage industry say.

More excitement greets Apple's new iPhone

The release of Apple's new 3G iPhone draws the expected long lines in
many countries where the new mobile phone became available for the first
time, as computer-industry analysts anticipate weekend sales to surpass
those of the initial iPhone rollout a year ago.