© Reuters. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration By Tom Westbrook SINGAPORE (Reuters) – The dollar has sunk through major support levels and looked set for its worst week in a month on Friday, as its accelerating slide sucked in more short sellers keenRead More →
The COVID-19 pandemic has ravaged the economies of countries all around the world and is showing no signs of stopping. The overwhelming response from global governments has been to place their countries under full or partial lockdowns. This has arguably saved many lives, but the economic fallout has been savage.Read More →
The U.S. stock-market rally has unraveled, with a period of historic gains coming to a screeching halt, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Industrial Average DJIA, -1.39% fell into correction on Thursday, widely defined as a drop of at least 10%,Read More →
European markets fell into the red on Friday, and were headed for the worst weekly loss in months, as the U.K. reported its first cases of coronavirus and data showed softer growth in the eurozone. The Stoxx Europe 600 index SXXP, -0.62% fell 0.5% to 413.07 after closing down 1%Read More →
The experts have spoken — and eaten. U.S. News and World Report on Thursday released its annual ranking from 1 to 35 of the world’s best (and, yes, worst) diets for 2020. A team of 25 panelists of “nationally recognized” professionals in diet, nutrition, obesity, food psychology, diabetes and heartRead More →
If there’s any movie that’s critic-proof, it’s the finale of the “Star Wars” saga that some fans have been following for more than 40 years. But still… Critics’ reviews for “Star Wars: The Rise of Skywalker,” which premieres Thursday night, are the worst for any movie in the epic seriesRead More →
Getty Images The busy holiday shopping season is likely to showcase a big divide in the U.S. economy. The U.S. holiday season is ready to kick off this week after the Thanksgiving feast, but not every part of the economy can expect to share in the bounty. American households haveRead More →
Getty Images Has the U.S. economy turned the corner? Hit the road to recovery? Regained its mojo? Let’s not get ahead of ourselves. A strong employment report for October on Friday, eased some of the anxiety over the economy. The U.S. added a better than expected 128,000 new jobs lastRead More →
(Bloomberg) — Hong Kong stocks are poised to end the week as the world’s worst performers. While the tiptoed into a slim gain Friday, the gauge was heading for a weekly decline of 3.3% as of 11:33 a.m. It dipped back below its 50-day moving average earlier this week, justRead More →
“Give as if you were taking,” Hisham Matar, the Pultizer Prize-winning author of the memoir “The Return,” said his late father advised him. But not everyone follows that rule when dealing with members of the service industry, according to new research. More than half of Americans aged 65 and overRead More →
If you’re flying out of Newark Liberty International Airport anytime soon, you may want to bring an extra book to read. The airport ranked as the worst in the U.S. for having the highest share of flights that were delayed for over 15 minutes or cancelled, according to a reportRead More →
Getty Images People walk past the logo of the London Stock Exchange A fault at the London Stock Exchange prevented blue-chip British companies from trading on Friday for over an hour, the longest such outage in 8 years. What was called a “technical software issue” kept FTSE 100 UKX, +0.47%Read More →
© Reuters. Investing.com – Stocks fell for a fifth-straight day Friday, with the and suffering their worst weekly losses since the depths of the December slump. If there was good news for stocks it was that buying kicked in after President Donald Trump reportedly softened his threat slightly to imposeRead More →
The business environment is deteriorating — fast. That is according to a gauge of business conditions tracked by Morgan Stanley, which said in a recent note that its proprietary Business Conditions Index, or MSBCI, fell 32 points last month, marking its sharpest collapse since the metric was formulated. The gaugeRead More →
Memorial Day travelers better buckle up for a congested journey. Around 42.8 million Americans plan to head out on vacation for the upcoming holiday weekend, according to a new report by AAA, with 1.5 million more people than last year clogging up roads, railways and airports. That marks a 3.6%Read More →
The intensifying Sino-American trade squabble is making for uniquely bad May trading for U.S. stocks, which continue to tumble after the S&P 500 suffered its worst week of 2019. Stocks tumbled Monday, leaving the S&P 500 index SPX, -2.41% off 4.6% in the month to date, and the Dow JonesRead More →
Uber Technologies Inc. — one of the most hotly anticipated IPOs of 2019 — produced an unusual woeful stock performance on Friday for a company of its magnitude. By at least one measure, the initial public offering was the fifth weakest one-day return of a company with a value ofRead More →
Box Inc. shares are plunging toward their worst day in a year after the company reported a quarter that showcased its “worst execution since its 2015 IPO.” That’s according to Canaccord Genuity analyst Richard Davis, who became less upbeat about the company’s prospects following the report. Davis highlighted Box’s BOX,Read More →
How far should you stretch things to get a raise? Some people inflate their performance record. Some people invent a fake job offer from a competitor. Then, allegedly, there’s the “Empire” actor Jussie Smollett. Smollett has been at the center of a firestorm since he was allegedly attacked in ChicagoRead More →
Mattel Inc. may need to get a license to the “Freaky Friday” franchise. The toy maker’s stock suffered its worst loss of the millennium on Friday, exactly a week after its best trading session of the 2000s the previous Friday. The boomerang trade was the result of splitting holiday-season earningsRead More →
© Bloomberg. A pedestrian is reflected in an electronic stock board outside a securities firm in Kobe, Hyogo Prefecture, Japan. Photographer: Buddhika Weerasinghe/Bloomberg (Bloomberg) — U.S. stocks pushed higher in thin afternoon trading on the final day of what is shaping up to be the worst year since the financialRead More →
One very important theme for investors during 2018 has been the return to volatility, as investors worry about Federal Reserve tightening and President Trump’s trade dispute with China. The market always looks ahead, and another important focus for investors is the massive cut in the maximum federal income-tax rate forRead More →
