The U.S. stock market officially fell into correction territory Thursday and now we now the total damage: $2.49 trillion. That’s the market value that has been wiped out from the S&P 500 during its 10 percent rapid slide from a record on Jan. 26. The total is even bigger for […]
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White House instructs government agencies to prepare for shutdown
The White House instructed federal agencies to prepare for a possible government shutdown as Congress moved closer to the midnight Thursday deadline without passing a funding bill. This story is developing. Please check back for updates. Free America Network Articles
Cramer: This market is seeing ‘a similar version’ of what sparked the 2008 financial crisis
CNBC’s Jim Cramer is confident that he’s pinpointed the real cause of the market-wide sell-off that has weighed on stocks for much of the week. The pain dragged the Dow Jones industrial average down more than 1,000 points on Thursday, with the index closing near correction levels, down 1,032.89 points. […]
The stock market is officially in a correction… here’s what usually happens next
The S&P 500 fell officially into correction territory on Thursday, down more than 10 percent from its record reached in January. If this is just a run-of-the-mill correction, then we are looking at another four months of pain, history shows. If the losses deepen into a bear market (down 20 […]
What Warren Buffett says to do when the market tanks
The U.S. stock market sell-off continued on Thursday. The Dow Jones industrial average entered correction territory, shedding over a thousand points, the third drop of at least 500 points in the last five days, and the S&P 500 dropped 3.7 percent to a new low for the week. That leaves […]
Nvidia pops after hours, giving some life to a beaten-down market
Nvidia shares jumped more than 10 percent on Thursday after the company reported better-than-expected fiscal earnings for the fourth quarter. The after-market rally more than made up for Nvidia’s 4.9 percent drop in regular trading, as the broad market swoon brought down 97 percent of stocks in the S&P 500. […]
As market sell-off intensifies, a search for who, or what, to blame
Nervous about all the volatility? One of Wall Street’s most cited observers of market volatility says not to worry. Marko Kolanovic, the global head of derivatives and quantitative strategies at J. P. Morgan, says that while the market turmoil is unsettling, “the current selloff is entirely technical in nature, that […]
Trump administration may target immigrants who use food aid, other benefits
The Trump administration is considering making it harder for foreigners living in the United States to get permanent residency if they have received certain public benefits such as food assistance, in a move that could sharply restrict legal immigration. The Department of Homeland Security has proposed new rules seen by […]
Ex-GE boss Jeff Immelt looks for redemption as chairman of a $5 billion health-care firm
Jeff Immelt, former CEO of global conglomerate General Electric, brings star power and a wealth of experience to his new role as chairman of the maturing health-care firm Athenahealth, analysts say. However, Wall Street also sees Immelt’s move as a chance for redemption, after his departure from GE in the […]
House Democrats ask Sessions for White House documents about AT&T deal
Four Democrats in the House of Representatives wrote the Justice Department on Thursday to request documents related to its decision to file a lawsuit to stop AT&T from buying Time Warner. “We are deeply concerned by reports of inappropriate interference by the White House,” said the letter, which was signed […]