Dow-nward Spiral

Staff / Truthdig Nov 21, 2008 In a little over two weeks, the Dow has tumbled more than 2,000 points as bad economic news continues to pile up. Word on Thursday that jobless claims hit a 16-year high, combined with a dreary outlook for Detroit and a lack of confidence in major financial institutions, helped drive the DJIA down to 7,552.29. Dig deeper ( 1 Min. Read )

What Goes Down … Dow Up 10 Percent

Staff / Truthdig Oct 29, 2008 The Dow shot up 889.35 points on Tuesday, a welcome respite from Wall Street's month of plunges. Things could still get a lot worse: While some buyers snapped up what looked like bargain stocks, others said they expected a major drop before things get better. Dig deeper ( 1 Min. Read )

Stocks Zoom as International Financial Community Rallies

Staff / Truthdig Oct 13, 2008 The Dow shot up more than 900 points Monday after nations around the world pitched into the effort to resuscitate the dangerously flagging global marketplace by announcing their own rescue plans. Dig deeper ( 1 Min. Read )

Dow Plummets as Debt Soars

Staff / Truthdig Oct 10, 2008 After seven straight drops, the Dow landed at 8579.19 on Thursday, a year to the day after hitting a record of more than 14,000 points. The owners of the national debt clock in New York, meanwhile, announced they will add two digits to the board in order to display a quadrillion -- because that's where we're headed. Dig deeper ( 1 Min. Read )

And Now, Even More Bad Financial News

Staff / Truthdig Oct 8, 2008 There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke's intimations that help could soon be on the way. Dig deeper ( 1 Min. Read )

World Markets Dive Amid U.S. Economy Fears

Staff / Truthdig Jan 22, 2008 Stock markets across the world Monday suffered the worst losses since Sept. 11, 2001. The drop prompted analysts to theorize that investors have major doubts about the ability of the proposed stimulus package to mend the American economy. Dig deeper ( 1 Min. Read )

Dow Drops Over 300 Points

Staff / Truthdig 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. Dig deeper ( 1 Min. Read )

Shades of ’29?

Staff / Truthdig 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. Dig deeper ( 1 Min. Read )

Investor Confidence

Mike Luckovich / Truthdig Sep 10, 2007 Dig deeper

Whole Foods CEO Bashed Wild Oats Online Before Takeover Bid

Staff / Truthdig Jul 13, 2007 John Mackey, the CEO of Whole Foods, apparently behaved in not so wholesome a manner when he spent time bashing Wild Oats stocks on a Yahoo stock-market forum under the pseudonym "Rahodeb" not long before his company bid to take over the competing natural foods market chain. The Federal Trade Commission is attempting to block the takeover on antitrust grounds. (Via BoingBoing) Dig deeper ( 2 Min. Read )

Google CFO Says Growth Is Slowing

Staff / Truthdig Feb 28, 2006 The 800-pound gorilla's rampage has started to slow down a bit, as evidenced by the chief financial officer's admission that the search company will have to find new ways to boost revenue. Related: Check out Truthdig's eye-opening report on Google's grasp of the intimate details of your life. Dig deeper ( 1 Min. Read )