Apple Passes Microsoft to Become the World’s Biggest Tech Company

Staff / Truthdig May 27, 2010 Apple fan-boys and -girls, rejoice. The iCorporation is now worth more than the dreaded Microsoft. But don't get too excited: Bill Gates' gang has a few ideas to get back in the game, and some bloggers claim that Google, whose Android is outselling the iPhone, "has leapfrogged" Apple in terms of innovation. (continued) Dig deeper ( 2 Min. Read )

How Low Can the Euro Go?

Staff / Truthdig May 17, 2010 The answer to the headline question, at least on Monday, would be $12234, as the euro dropped to its lowest point in four years As this CNN report puts it in somewhat startling terms, " Ongoing debt concerns prompted a flight to the safety of the US dollar". 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 )

Insurance Stocks Rise After Obama Speech

Staff / Truthdig Sep 10, 2009 Remember President Obama's reference during his health care address to "Wall Street's relentless profit expectations"? Well, those expectations were apparently met by that same address. Insurance company stocks got a boost from the speech, which foreshadowed the death of the public option and promised to deliver millions of currently "irresponsible" customers. Dig deeper ( 1 Min. Read )

Goldman Sachs Execs Dumped Stock Like Crazy

Staff / Truthdig Jul 14, 2009 Goldman Sachs is expected to announce a windfall quarter, thanks no doubt to billions in bailout money, but many people at the firm aren't puffing their chests out. According to the Financial Times, Goldman executives dumped close to $700 million in stock between September 2008 and April 2009 -- after taxpayers came to the rescue. Dig deeper ( 1 Min. Read )

Obama on the Defensive as Stock Rebound Continues

Staff / Truthdig Mar 13, 2009 The Dow is up another 240 points, gaining 9.5 percent over the last three days, but the president doesn't want you getting too excited about it -- or too distraught when things inevitably swing the other way. Dig deeper ( 1 Min. Read )

Rally

Mike Luckovich / Truthdig Mar 12, 2009 Dig deeper

Good Economic News, for a Change

Staff / Truthdig Mar 11, 2009 The Dow had a big day on Tuesday, leaping 379 points after Citibank reported two months of profits and Fed chief Ben Bernanke indicated the banks could have some wiggle room in the accounting of their junk assets. The day may have ended with high-fives on Wall Street, but there's good reason to stay gloomy. Dig deeper ( 1 Min. Read )

And Now for Some Financial News That’s Not Utterly Disastrous

Staff / Truthdig Feb 25, 2009 This just in: Not everything is completely awful in the financial arena. Rejoice -- stocks went up a little bit! Even if it's just because Fed Chair Ben Bernanke assured Wall Street that our nation's banks won't be nationalized soon, and even if the 2 percent rise happened a day after the Dow dipped to 12-year lows. Dig deeper ( 1 Min. Read )

Dow and Out on Wall Street

Staff / Truthdig Feb 24, 2009 The Dow hasn't been this low since "Titanic" won Best Picture, appropriately enough. Investors, apparently convinced the worst is yet to come, sent stocks tumbling to a 12-year low on Monday. The Dow sank to a depth of 7114.78. Dig deeper ( 1 Min. Read )

Citigroup Wants a Bigger Bailout

Staff / Truthdig Feb 23, 2009 Uncle Sam already gave Citigroup $45 billion and promised to limit the bank's losses on $300 billion in troubled loans, but executives at the ailing bank are now reportedly asking the federal government to sweeten the deal. One scheme has Washington exchanging preferred stock for common stock. Dig deeper ( 1 Min. Read )

Stocks Rise as Geithner Becomes Treasury Front-Runner

Staff / Truthdig Nov 22, 2008 Friday brought more news from purportedly reliable sources close to Barack Obama, this time suggesting that the president-elect was zeroing in on Timothy Geithner as his pick for treasury secretary and New Mexico Gov. Bill Richardson for commerce secretary. Dig deeper ( 1 Min. Read )