Recession Fears Rattle World Markets

Staff / Truthdig Sep 22, 2011 Stocks around the world dropped sharply Thursday after the U.S. Federal Reserve acknowledged a day earlier that the economy won't improve any time soon. (more) Dig deeper ( 2 Min. Read )

Stock Market’s Wild Ride Continues

Staff / Truthdig Aug 18, 2011 The stock market is revisiting last week's extreme volatility, with the Dow Jones average plummeting 471 points in the first two hours of trading Thursday. (more) Update: At the closing bell, the Dow was down about 419 points, 3.7 percent, to roughly 10,990. Dig deeper ( 1 Min. Read )

Wrapping Up a Wild Week for the Market

Staff / Truthdig Aug 12, 2011 The stock market opened with a strong start on Friday, with the major averages up more than 1 percent following a good day for world markets on Thursday. Dig deeper ( 1 Min. Read )

Franken Calls for Oversight of Ratings Agencies

Joe Conason / Truthdig Aug 12, 2011 Sen. Al Franken, D-Minn., is disturbed by the monopolistic power of the ratings agencies -- and still determined to curb their abuses, as he tried to do last year with an amendment to the Dodd-Frank banking reform bill. Dig deeper ( 4 Min. Read )

Monkey Business

Mr. Fish / Truthdig Aug 9, 2011 Dig deeper

A Downgrade’s GOP Fingerprints

Eugene Robinson / Truthdig Aug 9, 2011 There is one good reason to downgrade the United States' credit rating, but S&P, whose credibility was already spent after the housing meltdown, gave a host of largely bogus explanations for its actions. Dig deeper ( 3 Min. Read )

U.S. Slapped With ‘Negative’ Credit Outlook

Staff / Truthdig Apr 19, 2011 Standard & Poor's, one of those ratings agencies that made a living signing off on toxic assets, has once again thrust itself into the spotlight by downgrading Uncle Sam's credit outlook from "stable" to "negative." As a consolation prize, S&P let us keep our AAA rating. Dig deeper ( 1 Min. Read )