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

Staff / Truthdig May 21, 2010 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. Dig deeper ( 1 Min. Read )

Euro-Bailout Helps U.S. Stocks Rise High

Staff / Truthdig May 11, 2010 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. Dig deeper ( 1 Min. Read )

Dow Forgets We’re Recovering, Drops 1,000 Points

Staff / Truthdig May 7, 2010 Fears that this might be a jobless recovery turned into fears that this might not be a recovery at all on Thursday as the Dow dropped about 1,000 points. It quickly rallied, leaving the loss at the world's biggest casino at 347.80. (continued) Dig deeper ( 1 Min. Read )

Senate Standoff on Unemployment Inches Toward Resolution

Staff / Truthdig Apr 13, 2010 Four Republicans, including Scott Brown of Massachusetts, broke ranks Monday to help Democrats move an extension of unemployment benefits forward. The Dow may be over 11,000 again, but real unemployment is hovering around 17 percent, close to an all-time high. Dig deeper ( 1 Min. Read )

Global Markets Hit by Dubai’s Debt Crisis

Staff / Truthdig Nov 28, 2009 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. Dig deeper ( 1 Min. Read )

U.S. Economic Growth Falls Short of Earlier Figure

Staff / Truthdig Nov 25, 2009 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. Dig deeper ( 1 Min. Read )

Wall Street Bonuses ‘Offensive’

Staff / Truthdig Oct 18, 2009 The Obama administration, perhaps getting wise to public opinion, is lashing out at Wall Street firms. White House senior adviser David Axelrod called the huge bonuses executives received this year "offensive" in light of the fact that the rest of us are struggling through an economic crisis. Dig deeper ( 1 Min. Read )

Dow Hits 10K, You Can Go Back to Work Now

Staff / Truthdig Oct 15, 2009 Put down your pitchforks and pick up the champagne. Boom times are here. The Dow is over 10,000 for the first time in a year. What's that? Real unemployment is at 17 percent, and they're foreclosing your house? Stop being such a communist and party! Dig deeper ( 1 Min. Read )

Wrong Road to Recovery

Marie Cocco / Truthdig Apr 14, 2009 Once again we may be fooling ourselves into thinking that the buying and selling of paper assets is the same as the buying and selling of tangible goods made by real workers. Dig deeper ( 3 Min. Read )

‘Colbert Report’: The Dow of Stephen

Staff / Truthdig Apr 3, 2009 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? Dig deeper ( 1 Min. Read )

Taxpayers to Buy Bad Bank Assets

Staff / Truthdig Mar 23, 2009 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 Dig deeper ( 1 Min. Read )

Putting the ‘Toxic’ Back in Tarp

Staff / Truthdig Mar 23, 2009 The Toxic Asset Relief Program was originally designed to save the banks from their bad bets by purchasing toxic assets, but has since evolved into something of a multipurpose slush fund. Now the Obama administration is getting back to the business of buying junk, elaborating on a plan that sent the Dow tumbling when it was first announced. Update Dig deeper ( 1 Min. Read )