Category: Market

U.S. equities plunged Thursday — putting the main stock index in negative territory for the year — after Canadian authorities arrested the chief financial officer of Chinese telecom giant Huawei at the request of U.S. authorities. The arrest Wednesday in Vancouver of Meng Wanzhou, who faces extradition to the United States, raises the stakes for, and possibly threatens, the […]

The Dow Jones Industrial Average fell by almost 800 points Tuesday, to close at 25,027, continuing a shaky start to the week prompted by confusion over a thaw in U.S.-China trade relations. The Dow finished the day down 3.06 percent. The S&P 500 lost 3.2 percent of its value, and the Nasdaq fell by 3.8 […]

General Motors said Monday it is cutting 15 percent of its salaried North American workforce, ending production of some slow-selling vehicles and halting production at several plants. The largest U.S. carmaker also said it will halt production at facilities in Lordstown, Ohio, Hamtramck, Michigan, and Oshawa, Ontario. Further plants in White Marsh, Maryland, and Warren, Michigan will […]

Love it or hate it, Black Friday deals are here to stay. Throughout Black Friday 2017, retailers saw over $7.9 billion in sales online alone, according to Adobe Analytics. Last year, Adobe also reported that the highest Black Friday discounts were on computers, TVs and toys. And, the weekend between Thanksgiving and Cyber Monday 2017, […]

The Dow Jones Industrial Average slid 602 points or 2.3 percent in a volatile and light trading session due to the Veterans Day holiday. The Nasdaq Composite fell over 206 points or nearly 3 percent, while the S&P 500 lost 54.79 points or nearly 2 percent. Ten of the sectors in the S&P 500 fell led […]

Microsoft overtook Amazon to become the second most valuable tech company in the United States on Friday. The change in rankings was the result of a drop in Amazon’s stock value, Reuters reports, after a weaker-than-expected quarterly report from the online retailer wiped out $65 billion worth of market capitalization. Microsoft, meanwhile, saw a positive quarterly report […]

Stocks fell sharply on Wednesday as growing Wall Street pessimism pulled two major U.S. indexes in negative territory for 2018. The Dow Jones Industrial Average lost 608 points Wednesday, a 2.4 percent drop that wiped out the index’s gains on the year. Standard and Poor’s 500 index fell 3.1 percent, also sliding below its 2018 […]

Pepsi’s slogan may have once been “The Choice of a New Generation,” but one grocery store owner has chosen to no longer sell its products because they feature the NFL logo. A Facebook post from S&Z Grocery in Athens, Alabama, stated the store would not sell the products until the logo is removed. “This may cause […]

President Trump on Wednesday said the Federal Reserve “has gone crazy” with a series of planned interest rate increases after U.S. stocks suffered their worst daily losses since February. Trump told reporters on Air Force One that the Fed had raised rates too quickly after being asked his reaction to Wednesday’s massive stock sell-off, according […]

Ford will be making cuts to its 70,000-strong white-collar workforce in a move it calls a “redesign” of its staff to be leaner, have fewer layers, and offer more decision-making power to employees, the company announced. The number of jobs that will be axed is unknown at this point. “A lot of the (reorganization) is […]