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Stocks

“Lockheed Decision Sends This Satellite Stock Tumbling 20%”

“Lockheed Martin said it won’t buy a satellite start-up, sending shares of the latter sharply lower. The defense company said in a regulatory filing on Thursday that it withdrew its $1 per share bid for the stock in satellite solutions… Continue Reading…

Economy, Stocks

“Dow falls 600 points, tumbling below 30,000 to the lowest level in more than a year”

“The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into a recession. The Dow had rallied on Wednesday after the Fed… Continue Reading…

Economy, Stocks

“Chinese Tech Stocks Are Tumbling Again…”

“It’s happened again. Chinese tech stocks are getting hammered after Beijing summoned a number of gaming companies, including Tencent and NetEase, over new rules on the sector. The companies were told to put an end to the “solitary focus of pursuing profit” and understand the… Continue Reading…