Fallout From JPMorgan Chase’s $2 Billion Loss

Staff / Truthdig May 11, 2012 JPMorgan Chase & Co. weathered the 2008 financial crisis without reporting a loss. But a failed hedging strategy that recently cost the company $2 billion has called into question the ability of its leaders to manage risk and intensified the debate on banking reform. Dig deeper ( 1 Min. Read )

Apple Set for $10B Stock Buyback

Staff / Truthdig Mar 19, 2012 All that bad press about working conditions at Apple-affiliated factories apparently hasn't caused the computer giant any significant economic harm; in fact, the company, bolstered by booming sales of its shiny new iPad, is planning to spread the wealth among shareholders this summer. Dig deeper ( 1 Min. Read )

Facebook Gets Ready to Go Public

Staff / Truthdig Feb 2, 2012 Facebook's rise to cyber-domination amounts to the biggest online success story of the 21st century thus far, and on Wednesday the social networking behemoth took it up another notch by filing for what could be the most massive Internet initial public offering ever. Dig deeper ( 1 Min. Read )

U.S. and European Markets Drop as Volatility Rises

Staff / Truthdig Sep 10, 2011 U.S. and European markets played follow the leader Friday, as the three main stock indexes in both regions tumbled nearly 3 percent together. Among other events, analysts pointed fingers at the euro, uncertainty over President Obama's jobs speech and doubt over Greece's ability to address its financial problems. Dig deeper ( 1 Min. Read )

Dow Tanks

Mike Luckovich / Truthdig Aug 8, 2011 Dig deeper

How to Be a Billionaire

Moshe Adler / Truthdig Feb 2, 2011 All you have to do to be a billionaire is to have an idea. John A. Paulson had an idea, and in 2010 his idea made him $5 billion. (more) Dig deeper ( 1 Min. Read )

Want to Own a Chunk of Facebook?

Staff / Truthdig Jan 4, 2011 Well, you may have to wait awhile, unless you're among Goldman Sachs' circle of elite customers who were given the investment opportunity Sunday night -- an indication of other possible big moves that Goldman and Facebook might make down the line. Dig deeper ( 1 Min. Read )

AIG’s IOU Coming Due With Strings Attached

Staff / Truthdig Oct 1, 2010 AIG plans to start paying back the taxpayers some of the $182 billion it borrowed, but the plan involves trading the government's preferred shares in the company for common stock, a move that ought to raise at least one eyebrow. Dig deeper ( 1 Min. Read )

More Stocks Subject to SEC ‘Circuit-Breaker Rule’

Staff / Truthdig Sep 12, 2010 Remember that crazy time back in May when the Dow Jones unexpectedly dropped by almost 1,000 points in only half an hour? Well, the SEC has finally worked in some protection against such sudden plunges by expanding the number of stocks subject to its current “circuit-breaker rule.” Dig deeper ( 1 Min. Read )

Goldman Sachs’ Profit Takes a Major Plunge in Q2

Staff / Truthdig Jul 20, 2010 Those of us who have stood aghast and watched as Goldman Sachs seemed to sail almost unscathed through the erupting economic catastrophe of the last two years (thank you, bailout!) might stop now for a moment of pure schadenfreude, as the megabank's profits took a precipitous dive in the second quarter of this year. Dig deeper ( 1 Min. Read )

AIG Settles for $725 Million

Staff / Truthdig Jul 17, 2010 American International Group, 80 percent owned by the U.S. government, has announced it will pay out $725 million in a settlement of a securities fraud lawsuit, begun in 2004, that accused the insurance Gargantua of accounting fraud and stock manipulation. Dig deeper ( 1 Min. Read )

Bank Shares Zoom in Wake of Regulation Deal

Staff / Truthdig Jun 26, 2010 Bank stocks had a surprisingly good day Friday, outperforming the rest of the market after it became clear that financial reform legislation hammered out in Congress would not meddle with precious bank profits. Dig deeper ( 1 Min. Read )