Staff / TruthdigJan 26, 2010
Well, it's good news for Mr. Bernanke, at least: The U.S. stock market did better Monday than it had in the last three days of trading, thanks in part to signs that Federal Reserve Chairman Ben Bernanke's support in the Senate appeared solid. The sunny quarterly report from Apple Inc. -- coming just days before the company was expected to make a major announcement -- also helped reverse last week's slide. Dig deeper ( 1 Min. Read )
Staff / TruthdigDec 22, 2009
Well, this looks about right. Although it doesn't exactly represent the sort of image overhaul we'd recommend for Wall Street types given the past 15 months or so, this footage of Darth Vader and a supporting cast of stormtroopers ringing the opening bell at the New York Stock Exchange on Tuesday has a certain refreshing frankness about it, no? Dig deeper ( 1 Min. Read )
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Staff / TruthdigNov 28, 2009
Dubai's debt issues caused trouble in other parts of the world Friday. Stock markets from Europe to Asia to the U.S. registered the effects of the city-state's announcement that it would need to put off paying back $60 billion in debt incurred from investments, according to The Wall Street Journal. Dig deeper ( 1 Min. Read )
Staff / TruthdigAug 22, 2009
After seemingly endless months of relentlessly distressing financial reports, Federal Reserve Chairman Ben S. Bernanke said Friday that the economic news is looking up on both the national and global economic fronts, and that "prospects for a return to growth in the near term appear good." Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 14, 2009
File under "sour grapes," perchance? CNBC's highly animated "Mad Money" pundit Jim Cramer is attempting to do some damage control after being thoroughly owned by Jon Stewart on "The Daily Show" a month ago Cramer grumps about the episode to Ohio State University's student publication, The Lantern Let ’er rip, Jim!. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 14, 2009
It's hard to say what made Columbia University professor David Buckner pass out during Monday's episode of "Glenn Beck," but perhaps standing so close to the Fox Newser and being obliged to describe a complex economic scenario with the aid of a cheesy graphic entitled "Path to Destruction" had something to do with Buckner's sudden need to take a break from full consciousness. Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 23, 2009
What a deal! Timothy Geithner's new plan to save the banks from themselves commits American taxpayers to a massive purchase of the toxic assets that the banks had originally insisted were risk-free investments. Of course, Wall Street loved the news. Update Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 14, 2009
So, CNBC hyperpundit Jim Cramer was the very picture of contrition during his cringe-tastic appearance on Thursday night's "Daily Show." But let's revisit this moment from 2006 -- when Cramer brought a much haughtier version of himself to TheStreet.com TV to discuss, among other delightful topics, how to "create a new truth to develop a fiction" whilst in "hedge-fund mode" -- shall we? Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 27, 2009
Either the U.S. economy was in the pool during the last three months of 2008 or the economic crisis is worse than expected. The nation's GDP shrank 6.25 percent in the fourth quarter of last year, almost doubling the preceding quarter's contraction rate of 3.8 percent. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 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 )
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