With today’s -3.82 percent crash in the NASDAQ Composite, the predominately tech index is at its lowest level since last October. With US tech companies invested heavily and raking in huge China sales, NASDAQ Composite prices are closely tracking China’s
The world financial system is at a dangerous juncture. Markets no longer believe that China’s Communist leaders are in full control of the country’s $27 trillion debt bubble, or know how to manage fast-moving events beyond their ken.
One never hears Trump discuss the architecture of our rules-based global economy. Rather, he speaks of Mexico, China and Japan as tough rivals, not “trade partners,” smart antagonists who need to face tough American negotiators who will kick their butts.
Chinese shares plummeted to extend the steepest four-day rout since 1996 on concern the government is abandoning market support measures.
WASHINGTON (AP) — China is exporting something new to the world economy: Fear.
From Reuters: LONDON, Aug 25 (Reuters) – Britain’s top share index jumped on Tuesday, recovering some of the ground lost in the previous session when it hit multi-year lows on concerns about China’s economy. The blue-chip FTSE 100 was up 2.8
China’s fall was the latest in a series of jarring declines that have defied multibillion-dollar government efforts to stem a slide in prices following an explosive market boom.
Republican presidential candidate Donald Trump said he would give China’s president a McDonald’s burger when he comes to visit, and the US should have put a tariff on Chinese goods to stop its currency devaluation on Monday’s “O’Reilly Factor” on
Republican presidential candidate and former Arkansas Governor Mike Huckabee declared “We now seem to be more interested in stabilizing Iran than we are America” on Monday’s “Your World with Neil Cavuto” on the Fox News Channel. Huckabee said that President
As much as global financial concerns are going to hit tech companies harder than other sorts of enterprise, so too will their own lack of ambition. The ugly truth is that Silicon Valley has largely given up trying to fix big problems and has retreated into photo-sharing apps and productivity tools.
One of the big problems with allowing an authoritarian communist/crony-capitalist regime to become a world financial leader is that they lie about everything. China’s long-concealed economic woes finally became impossible to hide, and we got a worldwide market panic that sent the
Monday on CNBC’s “Squawk Alley,” network CME floor reporter Rick Santelli offered his thoughts on the day’s dramatic sell-off in U.S. stocks, which is tied to fears about the fall of the Chinese economy. According to Santelli, there’s a disconnect
While on the campaign trail in Iowa, Louisiana Gov. Bobby Jindal’s office said the 2016 contender will tell voters that blame for stock market losses lies entirely with President Obama, whose economic policies will ultimately “crash” America’s economy.
A little more than a year ago, oil prices reached above $100 a barrel. Gasoline averaged in the $3.50 range nationally. In late spring, oil appeared $60ish and the national average for gas remained around $2.70. The price of a barrel of oil has since plunged to $40 and below—yet, prices at the pump remain just slightly less than they were when oil was almost double what it is today.
On Monday, the global stock crash continued with the New York Stock Exchange dropping nearly 1,000 points at times, before bouncing back up to a 500-point loss as of mid-morning Eastern Time.
Republican presidential candidate Carly Fiorina declared the stock market “has been way too high” because of Federal Reserve policy and is now having a “correction” that is “warranted” on Monday’s “Fox & Friends” on the Fox News Channel. Fiorina commented
The global market bloodletting continues as the sell-off has officially reached historic levels. Following Friday’s mind-numbing 530-point sell-off in the Dow, which sent the blue-chip index into a correction, US stock market futures are plummeting again.
Monday on CNBC’s “Squawk Box,” Allianz Chief Economic Adviser Mohamed El-Erian warned that sticks have even further to go as markets begin a sell-off triggered by turmoil in the Chinese economy. El-Erian blamed central bank policies, which have inflated stock prices
China’s state media called it “Black Monday” as the Chinese stock market recorded its biggest slump in eight years and jitters spread throughout Asia and the rest of the world.
The global market crash continued on Monday, starting with China and then continuing around the world. Fresh from being slammed by more than 4% on Friday, a sell-off that took weekly losses to more than 10%, Chinese stocks were hammered yet again on Monday.
Business Insider’s Andy Kiersz compares the growth of Donald Trump’s net worth from 1988 to 2015 with other billionaires like Larry Ellison and the Koch brothers.
In this upside-down world, the stock market, which is holding up the economy rather than the other way around, is now at a high probability of crashing again for the third time in an unprecedented 15 years.
Atalanta-based Grammy Award winner Rapper T.I., aka Clifford Harris, owes a grand total of $4,570,759.86 in unpaid taxes, the Daily Mail reports, despite supporting President Obama, who has increased several taxes on wealthy Americans.
President and CEO of the National Black Chamber of Commerce (NBCC) Harry C. Alford is calling President Obama and the Department of Labor’s proposal for regulatory financial advisers “harmful” to many in that marketplace.
A new study from the Pew Research Center shows Facebook still number one in social media, but its growth in the U.S. has stalled–and Pinterest is a giant-killer chopping at its knees.
