Big Business to Supreme Court: Defend LGBTQ People From Bias

DAVID CRARY / The Associated Press Jul 2, 2019 Over 200 corporations sign a brief urging the court to rule this fall that existing federal law protects LBTGQ people from discrimination. Dig deeper ( 3 Min. Read )

Big Banks Cut Jobs, Slash Lending After Billion-Dollar Tax Cut

Jessica Corbett / Common Dreams Feb 7, 2019 Just as critics feared, the nation's top financial institutions are rewarding their shareholders at the expense of workers and customers. Dig deeper ( 3 Min. Read )

Trump’s War on the Fed

Ellen Brown / Truthdig Nov 2, 2018 In its interest rate hikes, the Fed has “gone crazy,” the president says. The same may be said of him, but is there a method to his madness? Dig deeper ( 7 Min. Read )

Morgan Stanley’s Profits Fall 59 Percent Due to Tax Bill

KEN SWEET / The Associated Press Jan 18, 2018 The investment bank's earnings plummeted in the fourth quarter as it had to book $990 million in charges related to the new law. Dig deeper ( 1 Min. Read )

Valeant Pharmaceutics Raised Prices on Needed Drugs, Then Its Stock Took a Hit

Kasia Anderson / Truthdig Oct 7, 2015 Some are bound to chalk this news up to the magical equalizing powers of capitalism’s famous "invisible hand," while others might point to the democratizing sting of actual journalism as the more potent force in this mix. Dig deeper ( 2 Min. Read )

Hillary Clinton Aides’ Wall Street Ties Raise Economic Policy Doubts

Alexander Reed Kelly / Truthdig Jul 26, 2015 The Wall Street connections of two of Hillary Clinton’s top State Department aides are forcing progressives to ask how the economic policy of a future Clinton White House would be any different from that which brought the economy to the brink in 2008. Dig deeper ( 2 Min. Read )

The Clintons and Their Banker Friends, 1992-2016

By Nomi Prins, TomDispatch May 7, 2015 To grasp the dangers that the Big Six banks presently pose to the financial stability of our nation and the world, you need to understand their history in Washington, starting with the Clinton years of the 1990s. Dig deeper ( 14 Min. Read )

When a Bank Owns 100 Oil Tankers, It Can Mess With the Price of Gas

Peter Z. Scheer / Truthdig Nov 20, 2014 A two-year Senate investigation of the financial sector has found that banks can meddle with the economy in new and frightening ways. Dig deeper ( 1 Min. Read )

More Than $100 Billion in Subsidies for Too Big to Fail Banks

Alexander Reed Kelly / Truthdig May 10, 2013 A Bloomberg Markets magazine study estimates that dirt-cheap borrowing programs and other benefits have saved the nation's six largest banks -- JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley -- $102 billion since 2009. Dig deeper ( 1 Min. Read )

Facebook Sued by Investors Over IPO

Staff / Truthdig May 23, 2012 Facebook faced more bad news Wednesday in the wake of its botched initial public offering. Shareholders filed a lawsuit against the social networking company, lead underwriter Morgan Stanley and several other Wall Street banks, alleging that they misled them about Facebook's revenue projections ahead of the IPO. Dig deeper ( 1 Min. Read )

Facebook’s Fumbled IPO Under Scrutiny

Staff / Truthdig May 23, 2012 The fallout over Facebook's botched IPO continued on Tuesday with a lawsuit filed against NASDAQ over mishandled orders and word that regulators may investigate Morgan Stanley, which helped set the price of the stock, and other underwriting banks. Dig deeper ( 2 Min. Read )

Mark Zuckerberg Just Lost $2 Billion

Staff / Truthdig May 22, 2012 Mark Zuckerberg’s fortune dropped $2 billion Monday as shares of Facebook tumbled to $34.03, 11 percent below their initial public offering price of $38. The loss prompted analysts and buyers to wonder whether the company was overvalued at the $105 billion it gained on the day of its IPO. Dig deeper ( 1 Min. Read )