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The Man Who Lost $7.2 Billion

Jan 26, 2008
How did a 31-year-old low-level bank trader with limited access lose five times as much money as the worst rogue trader ever? That's the question European authorities and Societe Generale, France's second-largest bank, are trying to answer.

Dow Drops Over 300 Points

Jan 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.

When Losing $10 Billion Is a Relief

Jan 15, 2008
You know the economy is in trouble when investors and analysts are relieved that Citigroup lost only $9.83 billion in the last quarter of 2007. The banking giant managed to squeeze a few billion out of Abu Dhabi and Singapore, and will still pay a dividend on its stock, so for now the mood is upbeat.

Baghdad Bombers Target Familiar Market

Dec 29, 2007
The same Tayaran Square market in Baghdad that has witnessed so much bloodshed over the last few years has once again been bombed, injuring dozens and killing at least 14. The attack, which occurred after Friday prayers when the market was crowded, took place just across the Tigris from the Green Zone.

Shades of ’29?

Nov 2, 2007
Thursday was not a good day on Wall Street, with the Dow dropping over 362 points to close at 13,567.87. Meanwhile, the S&P 500, like the Dow, fell 2.6 percent, and the Nasdaq also took a hit, dipping 2.25 percent by day's end.

Bush Spotty on Economics, Grades

Sep 20, 2007
Anyone considering a bid for the presidency these days should keep records of their college (and, to be extra-safe, high school) report cards handy, judging by President Bush's take on the state of the nation's economy and the relation of that topic to his own educational history.