AIG, oil pummel stocks

May 09

AIG, oil pummel stocks

The Dow skids on a worse-than-expected loss from insurance giant AIG. After four consecutive record closes, crude oil spurts past $126 a barrel. Citigroup’s Pandit outlines plans to cut some of the company’s assets.

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Investing

Investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. An asset is usually purchased, or equivalently a deposit is made in a bank, in hopes of getting a future return or interest from it. The word originates in the Latin "vestis", meaning garment, and refers to the act of putting things (money or other claims to resources) into others' pockets.

Differences

The term "investment" is used differently in economics and in finance. Economists refer to a real investment (such as a machine or a house), while financial economists refer to a financial asset, such as money that is put into a bank or the market, which may then be used to buy a real asset.

Investing guide