Wall Street

Major world indexes fell again today — as much as 5 percent in some places. And Wall Street didn't fare much better most of the day. Bob Moon reports.

The Fed's not the only one worried about inflation. Seven central banks raised short-term interest rates this week. Those jitters are shaking confidence in commodities too. Stephen Beard reports from London.

Newsweek Wall Street editor Alan Sloan and host Scott Jagow dissect last week's disastrous Vonage IPO.

The government's snapshot of the labor market released today wasn't pretty. Employers last month did a whole lot less hiring than expected. It was enough for some economists to use the term "inflection point." Scott Tong explains.

The Big Board has announced a deal to buy the European exchange Euronext, and it may be cooking up a plan to steer more business away from the trading floor and into electronic transactions. Amy Scott reports.

The Big Board has reached a deal to merge with Euronext to create the first trans-Atlantic stock exchange. Bob Moon has more.

Why would Goldman Sachs CEO Henry Paulson leave the nation's most prestigious investment bank to replace John Snow as Treasury secretary? Fortune's Patty Sellers talks with host Kai Ryssdal about possible reasons.

MasterCard is going public Thursday, and it's expected to be one of the biggest IPOs in years. About $2.8 billion. Alisa Roth reports on the company's transition — and where all that money's going.

A scathing government report accuses Fannie Mae of "arrogant and unethical" financial practices. Host Kai Ryssdal asks Wall Street Journal reporter James R. Hagerty whether the company really needed to be cooking the books.

Internet phone service provider Vonage will price its initial public offering later today. And the company could use the cash, Janet Babin reports, as it faces growing competition in the VoIP (voice-over-Internet protocol) business.