Category: Market

Rives Neblett has farmed grain, soybeans and corn in the Mississippi Delta for decades, but after the past year he’s asking himself how much longer he can keep his operation going. The longtime farmer owns 6,000 acres on which he produced approximately 450,000 bushels this past year. But, because of falling prices directly driven by […]

Stocks plunged again on Friday, bringing the Dow Jones Industrial Average’s losses for the week to nearly 7 percent and ending its worst week since the financial crisis in 2008. The Nasdaq Composite Index fell into a bear market and the S&P 500 was on the brink of one itself, down nearly 18 percent from […]

The Federal Reserve on Wednesday hiked the nation’s benchmark borrowing rate by 0.25 percent for the fourth time this year, despite months of objections from President Donald Trump, who fears higher interest rates will take the steam out of the nation’s booming economy. The move, announced at the conclusion of the central bank’s December monetary […]

The U.S. hemp industry is expecting business to expand and investors to beckon after Congress on Wednesday passed farm legislation that included a provision to legalize and regulate the plant under the Department of Agriculture. “This is a monumental bill for hemp farming,” said Lauren Stansbury of the Hemp Industries Association. The bill, awaiting President […]

China has announced a 90-day suspension of tariff hikes on $126 billion of U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The tax agency said the suspension that takes effect Jan. 1 is intended to carry out the agreement reached by Presidents Donald […]

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 […]