Palash Ghosh

Amidst the slaughter in equities, Treasuries rallied and gold soared to a new all-time high.

Next week, Perry is scheduled to visit South Carolina, which just happens to be an important primary state and Haley?s home.

Black teenagers bear the worst of it ? their jobless rate is at a staggering 39.2 percent (versus 23 percent for white teenagers).

President Barack Obama on Monday blamed a downgrade in the United States' credit rating on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits.

Some investors, who were already jittery about the European debt crisis, and continued bad news on the US economic front, appear to have thrown in the towel.

Trump believes the whole thing is a ?publicity stunt? by S&P.

For African-Americans, the unemployment rate is at a lofty 15.9 percent, almost double the 8.1 percent for whites.

In 1986, Moody?s and Standard & Poor?s cut Australia?s debt rating, prompting the Canberra government to impose strict budget cuts.

The former labor secretary described S&P?s downgrade maneuver as an ?ironic? intrusion into American politics.

Buffett also pointed out that his company?s exposure to US Treasuries is quite significant.

These institutions process trades and are key to the daily operation of the U.S. financial markets.

Recent unrest in Xinjiang ? blamed by the national government on Uighur Muslim militants -- has led to dozens of deaths.

On Friday, S&P reduced the U.S. credit rating by one notch from the highest rating of AAA to AA+, with a negative outlook.

In opening minutes of trading, the Dow Jones Industrial Average is down 1.2 percent, S&P 500 has slid 2.2 percent and Nasdaq has fallen 3.1 percent.

At one time during the trading session, the Kospi index was down by as much as 7.4 percent.

Only twelve of the companies in the S&P 500 index currently have women chief executives, down from 15 in 2010.

It is not clear that Moody's or Fitch will follow suit and cut the U.S. credit rating.

The massive importation of African slaves to the New World, and subsequent social interactions over five centuries has raised questions about who is really ?black.?

The rioting in Tottenham, north London comes three decades after the deadly summer of 1981 when cities across England witnessed massive civil unrest.

A U.S. group of executives and ex-athletes seek to bring American-style football to India

The downgrade (while perhaps not a total surprise) arrived somewhat unexpectedly ? and during a period when markets are already in an extremely volatile and fragile state.

Activists said the death toll in protests across Syria a day earlier, when tens of thousands of demonstrators took to the streets on the first Friday of the Muslim holy month of Ramadan, had risen to 26.

In the event Monday witnesses a massive sell-off of Treasuries, bond yields would surge.

?We have total confidence in the solidity of the American economy,? Baroin told French radio.

Republican presidential hopefuls congresswoman Michelle Bachmann of Minnesota and businessman Herman Cain have also called for Geithner to quit.

Part of the problem is that the downgrade (while perhaps not a total surprise) arrived somewhat unexpectedly ? and during a period when markets are already extremely volatile and fragile.

Saudi security forces have killed a gunman who had fired upon the palace of Saudi interior minister Prince Nayef bin Abdul Aziz Al Saud in Jeddah.

Six years ago, his Self-Defense party gained 11 percent of the vote in general elections, with Lepper coming in third in the presidential poll.

The last powerful storm to hit the Shanghai area, Matsa in 2005, killed 19 people.