Aug 04 Watch Market Plunge Startles Investors, But Fed 'Out of Ammo' Amid Double-Dip Fears Wall Street finished its worst day since the financial crisis began in 2008 Thursday as the Dow Jones industrial average fell more than 500 points. Judy Woodruff discusses investors' concerns about a possible double-dip recession with Hugh Johnson of Hugh… Continue watching
Aug 04 On Dow's Worst Day Since 2008, Running for Cover By Paul Solman A trader bows his head on the floor of the New York Stock Exchange after the closing bell Thursday; photo by Mario Tama/Getty Images. Just back from lunch, at which Brandeis classicists Ann Olga Koloski-Ostrow and Cheryl Walker schooled me… Continue reading
Aug 04 On Dow's Worst Day Since '08, Running for Cover By Paul Solman A trader bows his head on the floor of the New York Stock Exchange after the closing bell Thursday; photo by Mario Tama/Getty Images. Just back from lunch, at which Brandeis classicists Ann Olga Koloski-Ostrow and Cheryl Walker schooled me… Continue reading
Aug 03 Watch Tepid Economy at Heart of Global Market Volatility At a cabinet meeting on Wednesday, President Obama said the debt deal had averted "a massive blow" to the economy, but it wound up being another rocky day for global markets. Jeffrey Brown discusses the latest on the markets and… Continue watching
Aug 03 After the Debt Deal, Where's the Market Rally? Traders work on the floor of the New York Stock Exchange during afternoon trading on August 3, 2011 in New York City. The Dow closed 29 points up after a late afternoon rally, recovering from an eight day slump. Continue reading
Aug 03 With Debt Deal Done, Markets See Little to Rally About By Paul Solman Traders work on the floor of the New York Stock Exchange during afternoon trading on August 3, 2011 in New York City. The Dow closed 29 points up after a late afternoon rally, recovering from an eight day slump. Photo… Continue reading
Aug 03 With Debt Deal Done, Obama Turns to Re-election Campaign President Obama signs the Budget Control Act of 2011 on Tuesday. Photo by Pete Souza/The White House. President Obama took to the Rose Garden on Tuesday afternoon to publicly put the debt and deficit deal behind him and… Continue reading
Aug 02 Senate Passes Debt Deal, Ends Crisis Hours Before Default Updated 4:40 p.m. ET | The White House has released a photo (above) of President Obama signing the debt compromise bill. Photographer Pete Souza has also released more behind-the-scenes images of the negotiations: Updated 2:21 p.m. ET |… Continue reading
Aug 02 No Cylons, No Caprica, But Still Pretty Fracking Cool By Paul Solman Pretty fracking cool, if you'll pardon our Battlestar Galactica reaction to this video from Studio 20 at New York University. Whether or not the method of natural gas extraction known as "fracking" is more costly than beneficial is the… Continue reading
Aug 02 Majority of Americans See 'Ridiculous' Process in Washington Rep. John Boehner is surrounded by reporters at the Capitol after the House voted to raise the debt ceiling. Photo by Win McNamee/Getty Images. House Speaker John Boehner got his votes. He passed a debt limit increase… Continue reading