Avie Schneider
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Analysts like to say that the stock market is not the economy. But a bear market reflects concerns and anxieties about the economy, and at times a bear market is accompanied by a recession.
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The Dow Jones Industrial Average fell nearly 10% — its biggest one-day drop since 1987 — as the coronavirus pandemic continued to rattle markets. Trading was temporarily halted earlier in the day.
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Major stock indexes were down around 20% from their peaks in February, signaling an end to the 11-year bull market as investors fear the worst about the coronavirus pandemic.
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Stock indexes rose nearly 5% after the market's worst day since 2008. The jump followed President Trump's call for a payroll tax cut and other steps to help the economy amid the coronavirus epidemic.
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Trading on the New York Stock Exchange was halted briefly Monday morning when the S&P 500 index fell 7%. Here's how these automatic circuit breakers work.
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Stock indexes tumbled so fast Monday that marketwide trading was halted temporarily for the first time since October 1997. The Dow Jones Industrial Average fell 2,013 points, or nearly 8%.
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Oil prices dropped as much as 30% following the unexpected Saudi decision to cut prices and boost production. The move reflects the uncertainty surrounding the coronavirus and its economic effects.
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Welch, dubbed "manager of the century" in 1999 by Fortunemagazine, grew GE into an industrial powerhouse. During his reign, the company's market value skyrocketed to $410 billion from $12 billion.
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The company, which operates 30 newsrooms in 14 states, announced a Chapter 11 restructuring. Saddled with debt and pension obligations, McClatchy said it will operate as normal during the process.
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Iowa Democratic Party officials said a new smartphone app designed to speed the results actually ended up delaying them. Last month, NPR reported on security and other concerns with the app.