Ellen Brown / TruthdigJan 8, 2020
Its forced choice to bankroll hedge funds and other speculative ventures in repo market comes at a price to the middle class. Dig deeper ( 7 Min. Read )
Peter Z. Scheer / TruthdigJun 20, 2013
The Federal Reserve will continue to buy bonds at a rate of $85 billion a month, but Chairman Ben Bernanke said better economic indicators mean the central bank could end its quantitative easing policy in 2014. Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 12, 2010
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.” Dig deeper ( 1 Min. Read )
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Staff / TruthdigMay 27, 2010
Apple fan-boys and -girls, rejoice. The iCorporation is now worth more than the dreaded Microsoft. But don't get too excited: Bill Gates' gang has a few ideas to get back in the game, and some bloggers claim that Google, whose Android is outselling the iPhone, "has leapfrogged" Apple in terms of innovation. (continued) Dig deeper ( 2 Min. Read )
Staff / TruthdigMar 11, 2009
The Dow had a big day on Tuesday, leaping 379 points after Citibank reported two months of profits and Fed chief Ben Bernanke indicated the banks could have some wiggle room in the accounting of their junk assets. The day may have ended with high-fives on Wall Street, but there's good reason to stay gloomy. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 24, 2009
The Dow hasn't been this low since "Titanic" won Best Picture, appropriately enough. Investors, apparently convinced the worst is yet to come, sent stocks tumbling to a 12-year low on Monday. The Dow sank to a depth of 7114.78. Dig deeper ( 1 Min. Read )
Staff / TruthdigNov 21, 2008
In a little over two weeks, the Dow has tumbled more than 2,000 points as bad economic news continues to pile up. Word on Thursday that jobless claims hit a 16-year high, combined with a dreary outlook for Detroit and a lack of confidence in major financial institutions, helped drive the DJIA down to 7,552.29. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 29, 2008
The Dow shot up 889.35 points on Tuesday, a welcome respite from Wall Street's month of plunges. Things could still get a lot worse: While some buyers snapped up what looked like bargain stocks, others said they expected a major drop before things get better. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 13, 2008
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 10, 2008
After seven straight drops, the Dow landed at 8579.19 on Thursday, a year to the day after hitting a record of more than 14,000 points. The owners of the national debt clock in New York, meanwhile, announced they will add two digits to the board in order to display a quadrillion -- because that's where we're headed. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 8, 2008
There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke's intimations that help could soon be on the way. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 22, 2008
Stock markets across the world Monday suffered the worst losses since Sept. 11, 2001. The drop prompted analysts to theorize that investors have major doubts about the ability of the proposed stimulus package to mend the American economy. Dig deeper ( 1 Min. Read )
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