_{ECONOMIC NEWS}

Banking Nightmare: $517 Billion Vanishes, 63 Banks Face Closure Threat

The US banking system is in hot water! A whopping $517 billion in unrealized losses (mostly from housing market woes) is spooking everyone. Dozens of banks are on the brink of collapse, and the FDIC warns of potential trouble ahead. This could mean harder times getting loans, a weaker economy, and even wider gaps between rich and poor.

Here's what you can do to prepare: Stay informed, talk to your financial advisor, and be mindful of your spending. Read More.

_{FINANCIAL 101}

Is a Market CRASH Looming? Bob Doll Warns of "Sloppiness" Fueled by Weak US Economy

The stock market has been falling for the past few weeks, with worries about global growth, geopolitical tensions, and a shift in Federal Reserve policy being blamed. This could be a correction or a more sustained downturn. The US economy, however, appears strong with a robust jobs report. This strength is causing the US dollar to rise and hurting emerging markets. Oil prices are also down due to slowing global growth, particularly in China. Despite the jitters, the US economy is expected to keep growing, while the rest of the world sputters. Bob Doll, CEO and CIO of Crossmark Global, is interviewed about whether the US economy is headed for a recession. Watch the Video.