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Stocks fall into bear market with S&P 500 now off 20% from record The Dow Jones Industrial Average fell 455 points, or 1.5%, with the benchmark dropping despite a strong open. The Nasdaq Composite dipped 2.2% and is already deep in bear market territory, trading 31% off its highs.
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China Covid Lockdowns Threaten To Fuel US Inflation As Economic Pessimism Grows As rising cases in Shanghai threaten further lockdowns in the region, experts are warning China's pandemic crackdown measures this spring could be the latest headwind for the U.S. economy—fueling rapid inflation that the Federal Reserve is trying to ...
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'Elon Musk's Crash Course' shows the tragic cost of his leadership Just as his effort to buy Twitter has led the world to focus on Elon Musk's management style and business strategies, FX and The New York Times have stepped up with a documentary taking a close look at how Musk responded to crashes involving the ...
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Even Among Corporate Raiders, Elon Musk Is a Pirate The history of mergers and acquisitions is filled with ruthless corporate raiders, bruising wars of words and people trying to stiff each other. T. Boone Pickens, the oil tycoon who rampaged through the 1980s, took small stakes in energy companies, ...
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S&P 500 Plunges Into Bear Market As Stocks Fall For Seventh Week In A Row The stock market tanked on Friday, adding to heavy losses this week that pushed the S&P 500 into a bear market, down 20% from its intraday peak in January as investors continue to get whipsawed by concerns about inflationary pressures and rising rates.
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Elon Musk denies sexual harassment claims New York (CNN Business) Elon Musk denied allegations that he sexually harassed a SpaceX flight attendant in 2016 in a series of late-night tweets. "I have a challenge to this liar who claims their friend saw me 'exposed' -- describe just one thing, ...
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S&P 500 drops into bear market territory as recession fears mount Its slide highlights investors' increasingly dark economic outlook, one fueled by slowing economic and earnings growth, growing inflation and the Federal Reserve's subsequent monetary tightening.
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Are you considering an adjustable-rate mortgage? Here are the pros and cons Adjustable-rate mortgages, or ARM for short, operate differently from fixed-rate mortgages, which keep a constant interest rate for the entirety of the loan. They can be a bit complicated at times, so here's what you need to know about how they work, plus ...
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First on CNN: DOE announces multibillion-dollar project to kickstart a carbon dioxide removal industry in US "The UN's latest climate report made clear that removing legacy carbon pollution from the air through direct air capture and safely storing it is an essential weapon in our fight against the climate crisis," Secretary of Energy Jennifer Granholm said in a ...
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A grandfather politely ties himself to a bank door to protest fossil fuel investments Troy Horton booked a 3 p.m. appointment at a Wells Fargo branch in Tempe to discuss "the future of his children." With four children, seven grandchildren, 14 great-grandchildren and one great-great-grandchild, Horton, who's 68, felt he had much to ...
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