Staff / TruthdigOct 17, 2008
The Dow gained 401.35 points Thursday but had volatile swings through most of the day. Investors, The Wall Street Journal reports, are still trying to figure out what stage of suck the economy is in. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 16, 2008
It seems like only a couple of days ago that the Dow jumped 936 points. The market went back to freaking everyone out on Wednesday, with a sobering drop of 733.08 points. Stimuli and bailouts aside, it appears that we're in for a substantial recession. 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 )
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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 / TruthdigAug 6, 2008
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 22, 2008
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 25, 2008
A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren't investors smiling? Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 7, 2008
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 21, 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. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 18, 2008
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. Dig deeper ( 1 Min. Read )
Staff / TruthdigDec 12, 2007
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. Dig deeper ( 2 Min. Read )
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