Finding a Way Out After the Bailout

Titus Levi / Truthdig Oct 16, 2008 Wall Street has yet to recover after the economic shocks of recent weeks. Why? Two problems. One we already know: The “plan,” even with revisions, is deeply flawed. The second problem has not been mentioned all that much because it’s pretty scary: Put simply, we have no idea what we’re doing. Dig deeper ( 4 Min. Read )

IMF Warns of Pending Global Downturn

Staff / Truthdig Oct 8, 2008 With all the negativity in the ether regarding the stability of the world economy, it's surprising that the International Monetary Fund took so long to throw its two cents into the fray. Never the fund to disappoint, the IMF issued a report Wednesday that warns of a pending global downturn following the U.S. credit crisis, as confidence falters in finance and credit markets around the world. Dig deeper ( 1 Min. Read )

Tent Cities Springing Up

Staff / Truthdig Sep 19, 2008 One sign of the nation's shaky economy can be seen in the growing numbers of newly homeless people forming "tent cities" around the U.S. The rise of these encampments is being attributed partly to the foreclosure crisis in the housing market, and the newest economic developments aren't likely to ease the situation. Dig deeper ( 1 Min. Read )

Markets Brace for More Turbulence After Monday’s Drops

Staff / Truthdig Sep 16, 2008 President Bush and Treasury Secretary Henry M. Paulson Jr. attempted to head off mounting market woes and investor freak-outs at the pass on Monday as Wall Street suffered its worst losses since right after the Sept. 11, 2001, terrorist attacks. Dig deeper ( 1 Min. Read )

Inflation at 17-Year High

Staff / Truthdig Aug 15, 2008 Stagflation: It's always sounded like a dirty word, and is hopelessly tied to retro jokes about the '70s. But with GDP growth already, well, stagnant, the Labor Department announced Thursday that July saw the highest rate of inflation in 17 years, meaning you can now appropriately drop the word into water cooler convo without seeming like a potty-mouth or a retro hipster. On the downside, you are now paying 5.6 percent more for things than you did at this time last year. Dig deeper ( 1 Min. Read )

Oil Prices Dip, Stocks Rise

Staff / Truthdig Aug 6, 2008 Finally, some slightly better financial news has hit the wires after months of sobering reports: Oil prices dropped to a three-month low on Tuesday, which may be due to "the softening market," as one analyst puts it in this NYT account, but whatever the reason it still means a slight reprieve from weeks of punishing prices. Stock markets had their biggest gains in four months. Dig deeper ( 1 Min. Read )

Study: Testosterone May Impact Stock Market

Staff / Truthdig Apr 15, 2008 Here's a bit of news that's sure to inspire some uncomfortable jokes on the trading floor: A Cambridge University research team found that stock traders' performance, and their willingness to take risks, may be partly, well, hormonal. Dig deeper ( 1 Min. Read )

Fed Forecasts Slow Growth in 2008

Staff / Truthdig Feb 21, 2008 Officials at the Federal Reserve are running out of creative ways to stave off a recession and expect the U.S. economy to slow to a crawl in 2008, with a growth rate of only 1.3 to 2 percent over the year. Dig deeper ( 1 Min. Read )

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 )

Stock Market Flux Flusters Analysts

Staff / Truthdig Mar 15, 2007 Dipping American stock prices caused a ripple effect on world markets Tuesday and Wednesday, as analysts predicted more instability soon. The U.S. mortgage market is the source of the current concern, which some stock-watchers believe portends a "bloodbath." Dig deeper ( 1 Min. Read )

Powell: We’ve Got ‘Em by the Tail

Dwayne Powell / Truthdig Mar 2, 2007 Dig deeper

Worst Stock Market Slide Since 9/11

Staff / Truthdig Feb 28, 2007 The stock market Tuesday had its worst day since 9/11 as investors around the world began to lose faith in the U.S. economy. The Dow fell by 4.3 percent, and S&P estimated total losses at $632 billion. The development came only a day after Alan Greenspan warned of a potential recession. Dig deeper ( 1 Min. Read )