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Tag: Dow Jones

Robert Reich on America’s Income Inequality

The Dow Jones is hitting record highs, giving the top 5 percent of the U.S. (who hold more than 80 percent of stocks) another huge boost. And although Stephen Colbert doesn’t think the wealth divide is a big deal, former Truthdigger of the Week Robert Reich begs to differ.

Posted on Nov 20, 2013 READ MORE


Dow Hits Record

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Posted on Nov 19, 2013 READ MORE


Economy

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Posted on May 15, 2013 READ MORE


Pulling the Rug

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Posted on Mar 12, 2013 READ MORE


Dow Jones

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Posted on Mar 7, 2013 READ MORE


Big Dow Jones

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Posted on Mar 6, 2013 READ MORE



Associated Press

Rupert Murdoch Seeks to Add to His Empire

The recent Leveson Report on the British hacking scandal shows the danger of the media baron adding to his already vast American holdings.

Posted on Dec 5, 2012 READ MORE



A. Strakey (CC BY-ND 2.0)

U.S. Starts Cleanup of Agent Orange in Vietnam

Almost 40 years after the end of the Vietnam War, the United States has established a cleanup program to address the effects of toxic chemicals used during the conflict that continue to afflict the Vietnamese people with cancers, birth defects and other diseases.

Posted on Aug 10, 2012 READ MORE



ToonariPost

GOP Criticizes Obama After Weak Jobs Report Spurs Stock Market Sell-Off

Jittery investors now have even more to worry about after a disappointing May jobs report slammed Wall Street on Friday, wiping out the entire gains for the stock market this year. The Dow Jones industrial average fell 275 points, or 2.2 percent. The Nasdaq and S&P 500 were also down, dropping 2.8 percent and 2.5 percent, respectively.

Posted on Jun 1, 2012 READ MORE


Roller Coaster Dow

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Posted on Mar 11, 2012 READ MORE



ssoosay (CC-BY)

Junior Murdoch Splits for the Big Apple

Londoners will get the chance to say bon voyage to James Murdoch as he flees his embattled role as chairman of the crisis-ridden News International to oversee News Corp.’s television operations from a Manhattan office.

Posted on Feb 29, 2012 READ MORE



Flickr / SimplySchmoopie (CC-BY-SA)

Europe’s Plight Chills Year-End Market Predictions

Traditionally, the holiday season brings good tidings for the stock market, too. There’s even something called “the Santa rally,” we learned from this Wall Street Journal article. Neat! But this year, with trouble on the European front and the ongoing recession (yes, that reads “recession”) at home, there may be less to look forward to, or so market forecasters fear.

Posted on Nov 25, 2011 READ MORE


Euro symbol
AP / Daniel Roland

Eurozone Gets a Boost, Finally

This week’s European crisis summit in Brussels has produced an agreement in an effort to mitigate what was looking like an inevitable economic catastrophe, judging by the dire situation in Greece and elsewhere in the eurozone. By Thursday, international markets were registering the results.

Posted on Oct 27, 2011 READ MORE


The Stock Market Show

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Posted on Aug 23, 2011 READ MORE


World Crisis

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Posted on Aug 14, 2011 READ MORE


Wall Street Bull

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Posted on Aug 7, 2011 READ MORE


Blame THEM for the Crash

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Posted on Aug 7, 2011 READ MORE


American Economy

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Posted on Aug 3, 2011 READ MORE



Wikimedia Commons

The Sale That Dropped 600 Points

We knew capitalism was crazy, but it turns out it took only a single sale of $4.1 billion in futures to put into motion a series of events that culminated in the “flash crash” of May 6, during which the Dow Jones dropped 600 points in just a matter of minutes.

Posted on Oct 1, 2010 READ MORE


NYSE
AP / Henny Ray Abrams

U.S. Stocks Dip After Stronger September

The good news is that the U.S. stock market has enjoyed its “strongest September in 71 years” thus far this month, according to The Wall Street Journal. The bad news is that September ain’t over yet, and that hopeful trend didn’t quite last through Monday.

Posted on Sep 27, 2010 READ MORE


SEC building
Wikimedia Commons / AgnosticPreachersKid

More Stocks Subject to SEC ‘Circuit-Breaker Rule’

Remember that crazy time back in May when the Dow Jones unexpectedly dropped by almost 1,000 points in only half an hour? Well, the SEC has finally worked in some protection against such sudden plunges by expanding the number of stocks subject to its current “circuit-breaker rule.”

Posted on Sep 12, 2010 READ MORE


stock broker
AP / Seth Wenig

Stock Market Slumps on Consumer Spending Concerns

The news from Wall Street wasn’t great as the week wrapped up and trading shut down Friday, although it wasn’t bad across the board. The stock market took a tumble, registering ongoing worries about ... (continued)

Posted on Jun 11, 2010 READ MORE


Euro symbol
AP / Daniel Roland

U.S. Stocks Take a Nosedive as Euro Worries Rise

The Icelandic volcano isn’t the only problem blowing over from Europe, judging by Thursday’s dismal stock market dive, touched off in part by problems in the euro zone as well as homegrown concerns about the American government’s plans for financial regulation.

Posted on May 20, 2010 READ MORE


Wall Street
Flickr / jpellgen

Euro-Bailout Helps U.S. Stocks Rise High

After the Dow’s freaky dip last week, Monday’s news that the U.S. stock market was closing in on its biggest day in terms of gains this year might just boost some spirits on and off the trading floor.

Posted on May 10, 2010 READ MORE


Dubai financial towers
Flickr / omar_chatriwala

Global Markets Hit by Dubai’s Debt Crisis

Dubai’s debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state’s announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal.

Posted on Nov 27, 2009 READ MORE


window shoppers
flickr/specialkrb

U.S. Economic Growth Falls Short of Earlier Figure

Whoops! The bad news in this bulletin is that the U.S. economy didn’t grow at quite the rate—3.5 percent—from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time.

Posted on Nov 24, 2009 READ MORE


Colbert

‘Colbert Report’: The Dow of Stephen

What’s with all these fancy economic algorithms that supposedly explain what goes down (or up) on Wall Street but are unintelligible to the average American? Why not make a new model that everyone can understand—and that’s always on the up-and-up?

Posted on Apr 2, 2009 READ MORE



Flickr / epicharmus

Taxpayers to Buy Bad Bank Assets

What a deal! Timothy Geithner’s new plan to save the banks from themselves commits American taxpayers to a massive purchase of the toxic assets that the banks had originally insisted were risk-free investments. Of course, Wall Street loved the news. Update

Posted on Mar 23, 2009 READ MORE


Geithner
Wikimedia Commons / federalreserve.gov

Stocks Rise as Geithner Becomes Treasury Front-Runner

Friday brought more news from purportedly reliable sources close to Barack Obama, this time suggesting that the president-elect was zeroing in on Timothy Geithner as his pick for treasury secretary and New Mexico Gov. Bill Richardson for commerce secretary.

Posted on Nov 21, 2008 READ MORE


NYSE
Wikimedia Commons / Asymptote Architecture

Stocks Zoom as International Financial Community Rallies

The Dow shot up more than 900 points Monday after nations around the world pitched into the effort to resuscitate the dangerously flagging global marketplace by announcing their own rescue plans.

Posted on Oct 13, 2008 READ MORE


Wall Street
AP photo / Richard Drew

Oil Prices Dip, Stocks Rise

Finally, some slightly better financial news has hit the wires after months of sobering reports: Oil prices dropped to a three-month low on Tuesday, which may be due to “the softening market,” as one analyst puts it in this NYT account, but whatever the reason it still means a slight reprieve from weeks of punishing prices. Stock markets had their biggest gains in four months.

Posted on Aug 5, 2008 READ MORE


Brauchli
online.wsj.com

Top WSJ Editor Stepping Down as Murdoch Moves In

Wall Street Journal Managing Editor Marcus Brauchli is said to be leaving his post after 24 years at the paper—an unexpected development that media-watchers are attributing to conflict over new owner Rupert Murdoch’s plans for the newspaper.

Posted on Apr 21, 2008 READ MORE


U.S. Job Loss Highest in 5 Years

The short month of February was long on economic problems, as 63,000 U.S. jobs were lost over the 29 days. In other words, for those betting that a recession isn’t around the corner, the outlook is dim.

Posted on Mar 7, 2008 READ MORE


Fed Forecasts Slow Growth in 2008

Officials at the Federal Reserve are running out of creative ways to stave off a recession and expect the U.S. economy to slow to a crawl in 2008, with a growth rate of only 1.3 to 2 percent over the year.

Posted on Feb 20, 2008 READ MORE


NYSE
AP photo / Richard Drew

Dow Drops Over 300 Points

Winter 2008 is shaping up to be a gloomy season for the American economy, with mounting concerns over subprime mortgage prices and a plunging stock market.  Thursday was a particularly dreary day on Wall Street, with the Dow Jones industrial average down 307 points and the Standard & Poor’s 500 falling almost 3 percent.

Posted on Jan 17, 2008 READ MORE


Murdoch
AP photo / Richard Drew

Wall Street Journal Braces for Murdoch

Change is afoot at the Wall Street Journal.  As of Wednesday, mega-mogul Rupert Murdoch is just a day shy of officially owning The Journal (although shareholders haven’t officially signed off on the sale yet), but he’s already looming large at the paper’s Dow Jones & Co. headquarters.

Posted on Dec 11, 2007 READ MORE


Murdoch’s Latest Acquisition

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Posted on Aug 3, 2007 READ MORE


Dow Jones Agrees to Sell to Murdoch

Media tycoon Rupert Murdoch has long coveted The Wall Street Journal and has now reached a deal to buy parent company Dow Jones & Co. Many employees of the iconic paper and two board members who resigned expressed fears that the conservative Murdoch would damage the Journal’s objectivity and journalistic integrity, as with previous conquests.

Posted on Aug 1, 2007 READ MORE


Murdoch Nearing Dow Jones Deal?

A weekly British business magazine, appropriately named The Business, reported Friday that media tycoon Rupert Murdoch had successfully added Dow Jones & Co. Inc. to his News Corp. empire, but other sources insist the deal is not yet sealed.

Posted on Jul 6, 2007 READ MORE


Beware Murdoch’s ‘Necessary Promises’

While Rupert Murdoch is as conscious of his image as any other legendary villain, he also seems to possess a sense of humor—or at least somebody around him does. Early in his ongoing bid to take over Dow Jones Publishing and The Wall Street Journal, a Murdoch spokesman said that the media mogul would reassure those who may fear for the paper’s independence and integrity with all of the “necessary promises.”

Posted on May 16, 2007 READ MORE


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