Wall Street

Markets have been whipsawed lately by media interpretations of our new Fed chief's plans. Best guesses are short term interest rates will rise another quarter point tomorrow, but commentator Carolyn Baum says we shouldn't have to guess at all.

Wachovia made a $25 billion offer for California's Golden West Financial today. But the deal gets the banking giant deeper into the mortgage business and investors are questioning the timing as the housing boom slows. Amy Scott reports.

Newsweek Wall Street editor Allan Sloan looks at the impact of the New York Stock Exchange offering stock of its own.

This corporate earnings season marks at least the 10th straight quarter of double-digit earnings growth. Bob Moon takes a look at what's behind the trend.

Billionaire investor Warren Buffett holds his annual shareholder meeting this weekend. Commentator and economist Austen Goolsbee says Buffett's reputation is overrated.

Kodak is having a rough go in the age of digital cameras and camera phones. The photo industry giant lost $298 million last quarter and today said it's considering selling its health-imaging business. Cheryl Glaser reports.

The fast-food chain makes preparation for its upcoming IPO, hoping to generate a market capitalization of more than $2 billion. Tess Vigeland reports.

Global investors are selling US dollars today. The greenback is close to one-year lows against the Euro and the Canadian dollar is at its highest level against the US currency in almost three decades. What gives? Amy Scott reports.

Newsweek Wall Street editor Allan Sloan talks to host Scott Jagow about plans by Russia's state-owned oil company to offer publicly traded shares.