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Tag: stock market

HP

Hewlett-Packard Busts Up Into 2 Companies

Hewlett-Packard Inc. is officially spinning out its personal computer and printer operations into a free-standing company from its enterprise software systems and consulting business on Monday, creating two companies with market capitalizations of about $25 billion each.

Janet Yellen

Trump Warns Of Stock Market Bubble, Looming Recession

In an interview with The Hill, Donald Trump warned of a stock market bubble on the verge of bursting, and slammed the Dodd-Frank financial regulations, which were roundly praised by the 2016 Democrats during their first primary debate on Tuesday night. Trump called Dodd-Frank “terrible” and said he would “absolutely” repeal it as President.

REUTERS/Aly Song

China’s Stock Market Crisis Continues

Investors hope the U.S. and European markets are stabilizing after Monday morning’s free fall, but China’s stock market dropped again on Tuesday. It looks as if the parachutes are finally popping, as the AP reports the Shanghai Composite rallied from a 6.4% drop on Tuesday morning to a 4.3% loss by midday. This follows an 8.5% plunge on Monday, the worst performance in eight years.

stock market

Britain’s Stock Market Stages Recovery, Europe Too

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

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Silicon Valley Is Headed for Disaster, and No One Can Save It

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.

Mike Huckabee

Mike Huckabee: ‘Quit Importing Cheap Labor’

As White House spokesperson Josh Earnest is blaming China and Chinese policies for the on-going market crash and selloff, GOP presidential candidate former Arkansas Gov. Mike Huckabee says strong economic policies aren’t built by empowering Washington, D.C. and Wall Street elites.

Clem Murray/The Philadelphia Inquirer via AP

Too Much Debt: Chris Christie Blames Obama For Stock Crash

New Jersey Governor Chris Christie reacted to the news of the stock market crash on Wall Street earlier today on Fox News, blaming President Obama for racking up too much national debt. “What’s happened is, because this president has run up more debt than any president in American history, that debt has been given to us in large measure by the Chinese,” he said.

ElErian824

Mohamed El-Erian: Stocks Have Further to Fall

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