Stocks

“Dow slides… oil price war escalates”

“Dow Jones industrial average tumbled 700 points, or about 3 percent, at the open. Standard & Poor’s 500 futures sank 2.8 percent and the Nasdaq fell 2.4 percent… Saudi Arabia on Wednesday announced its first oil production increase in a… Continue Reading…

Stocks

“Stock market news… Oil crashes, stock futures crater…”

“9:49 a.m. ET: Stocks resume trading, S&P, Dow plunge anew The S&P 500 and Dow extended losses after reopening following a 15 minute halt for trading. The broader market index slid about 7.2%, or more than 200 points, while the… Continue Reading…

Banking, Economy

“Treasury Yields Hurtle Toward Zero With Bets on Fed Cuts Growing”

“Treasury yields plummeted to record lows Friday as concern about the global economic and financial impact of the coronavirus spurred demand for havens and traders amped up bets on further central bank easing this month. U.S. securities rallied, led by… Continue Reading…

Stocks

“Global stocks fall again on fear of virus impact on economy”

“Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008. Germany’s DAX skidded as much… Continue Reading…

Economy

“Dow plunges by 950 points on fears coronavirus will tank global economic growth”

“The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily… Continue Reading…

Business, Stocks

“J.C. Penney in danger of being booted from New York Stock Exchange”

“Shares are required to maintain an average closing price of at least $1 over a 30-trading day period. The company has six months to regain compliance… J.C. Penney shares have plunged more than 93 percent since March 2016 amid changing consumer… Continue Reading…

Economy

“California population growth slowest since 1900 as residents leave…”

“The number of Californians increased to 39.96 million, with new data from the Department of Finance showing mostly downward trends. They are rooted in fewer births, coupled with increased deaths among an aging population. The Golden State, however, has also seen changes in… Continue Reading…

Stocks

“Peloton saw $942 million in market value wiped out in a single day…”

“Shares of Peloton, the buzzy bike startup, fell more than 9% on Tuesday as backlash to a new holiday ad built on social media. That erased nearly $942 million from Peloton’s market value in a single day, bringing the company’s market… Continue Reading…

Economy

“Black Friday shoppers drop record-breaking $7.4B in online sales”

“On Black Friday, shoppers spent a record-breaking $7.4 billion, according to preliminary data published by Adobe Analytics, which measures transactions from 80 of the top 100 online retailers. It marks the second-largest online sales day ever, falling slightly short of last year’s Cyber… Continue Reading…

Business, Stocks

“Uber stock tanks 6% after losing its London operating license: ‘There is a risk that other cities could follow’ (UBER)”

“Uber’s stock was set to sink Monday morning after the ride-hailing firm lost its license to operate in London. The stock was down 6.3% in premarket trading as of 10:30 a.m. in London (5:30 a.m. ET) after the regulator Transport for London… Continue Reading…