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In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed [1] following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or "risk free", to AA+. [2] It was the first time in history the United States was downgraded. [3]
Prior to the 2011 debt ceiling crisis, the debt ceiling was last raised on February 12, 2010 to $14.294 trillion. [ 41 ] [ 42 ] On April 15, 2011, Congress passed the last part of the 2011 United States federal budget in the beginning 2012, authorizing federal government spending for the remainder of the 2011 fiscal year, which ended on ...
The August 2011 stock markets fall was the sharp drop in stock prices in August 2011 in stock exchanges across the United States, Middle East, Europe and Asia. This was due to fears of contagion of the European sovereign debt crisis to Spain and Italy, as well as concerns over France's current AAA rating, [1] concerns over the slow economic growth of the United States and its credit rating ...
Here's the headline of the year: Apple (NAS: AAPL) now has more cash than the U.S. Treasury. As of Wednesday, the U.S. government had an operating balance of $73.7 billion. Apple has $76 billion ...
In fact, we've been in this debt-ceiling-raising situation 78 -- yes, seventy-eight -- times since 1960. Once again, disaster appears to have been averted, and both political parties
Nothing is more appealing to stock market investors than the idea that they can predict the future. Recently, several market analysts have argued that the Dow Jones Industrials is setting itself ...
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
The Dow Jones Industrial Average closed at 381.17 points on Sept. 3, 1929. It This is part two of a deep look at the Roaring '20s and the Crash of 1929 -- click here to start with part one.