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 Posts Second Huge Gain This Week

Staff / Truthdig Aug 11, 2011 The Dow Jones Industrial Average closed 423 points higher Thursday, one of the biggest gains of all time, as investors reacted to positive job numbers and economic reports. The gain comes in a roller coaster week that saw the Dow fall 634 points Monday, rise 429 on Tuesday and then drop 519 on Wednesday. Updated Dig deeper ( 1 Min. Read )

Reich: The Recovery’s False Glow Is Fading

Staff / Truthdig Jun 14, 2011 After six straight weeks of a falling Dow and a period of stalled economic growth, the stagnation of national recovery is glaringly visible to everyone -- except our representatives in Washington, says Robert Reich. Dig deeper ( 1 Min. Read )

U.S. Stocks Dip After Stronger September

Staff / Truthdig Sep 27, 2010 The good news is that the U.S. stock market has enjoyed its "strongest September in 71 years" thus far this month, according to The Wall Street Journal. The bad news is that September ain't over yet, and that hopeful trend didn't quite last through Monday. Dig deeper ( 1 Min. Read )

U.S. Stocks Take a Nosedive as Euro Worries Rise

Staff / Truthdig May 21, 2010 The Icelandic volcano isn't the only problem blowing over from Europe, judging by Thursday's dismal stock market dive, touched off in part by problems in the euro zone as well as homegrown concerns about the American government's plans for financial regulation. Dig deeper ( 1 Min. Read )

Euro-Bailout Helps U.S. Stocks Rise High

Staff / Truthdig May 11, 2010 After the Dow's freaky dip last week, Monday's news that the U.S. stock market was closing in on its biggest day in terms of gains this year might just boost some spirits on and off the trading floor. Dig deeper ( 1 Min. Read )

SEC Missed Multiple Opportunities to Bust Madoff

Staff / Truthdig Sep 3, 2009 It was a sad case of too little, too late when it came to the Securities and Exchange Commission's readings of Bernie Madoff's now-collapsed house of cards. On Wednesday, the SEC released a report about Madoff's massive financial boondoggle, detailing the many moments in which chances were missed to stop the damage from spreading as far as it did. Dig deeper ( 1 Min. Read )

Jobless Rate Rises, Stock Market Dives

Staff / Truthdig Feb 20, 2009 The employment market and the stock market both took major hits Thursday, with new jobless claims registering as high as 627,000 and market indicators like the Dow Jones industrial average and the Nasdaq composite index dipping alarmingly low. Dig deeper ( 1 Min. Read )

Top Broker Busted for $50B ‘Ponzi Scheme’

Staff / Truthdig Dec 13, 2008 Here's yet another candidate for the expanding collection of Tales from the Dark Side of Wall Street (is there any other side?): The Wall Street Journal reported Friday that Bernard L. Madoff, a top trader for nearly five decades who has served as chairman of the Nasdaq Stock Market, was arrested this week after his sons turned him in for engineering an elaborate "Ponzi scheme." 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 )

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 )

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 )