stock market

South Korean Stock Market Drops to One-Year Low

South Korean stock market shares dropped by slightly over two percent on Monday to reach a one-year low, Yonhap News Agency reported, noting the development came amid increased concern among Asian investors that a global economic recession may be on the horizon.

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 15, 2022. Asian stock markets were mixed Wednesday ahead of the Federal Reserve's announcement of how sharply it will raise interest rates to cool U.S. inflation. (AP …

Virginia Democrat Rep. Abigail Spanberger Calls Lawmakers to ‘Consider a Different Job’ if Banning Stock Trades is ‘Dealbreaker’

Vulnerable Rep. Abigail Spanberger (D-VA) on Tuesday said lawmakers should “consider a different job” if allowing “a ban on individual stock trading by Members of Congress is a dealbreaker,” potentially calling out fellow vulnerable Democrat and member of the Virginia delegation, Rep. Elaine Luria, said the “concept” of banning lawmakers from trading stocks “bullshit” earlier this year.

Democratic challenger Abigail Spanberger, right, gestures during a debate with Virginia Congressman, Dave Brat, R-Va., left, at Germanna Community College in Culpeper, Va., Monday, Oct. 15, 2018. (AP Photo/Steve Helber)

Watchdog Requests Investigation into Dem. Rep. Kurt Schrader for Violating Ethics Rules

The Foundation for Accountability and Civic Trust (FACT), a non-partisan ethics watchdog organization, filed a complaint on Friday with the Office of Congressional Ethics (OCE) requesting an investigation into Rep. Kurt Schrader (D-OR) for allegedly violating House Ethics rules that prohibit members from using official taxpayer-funded resources for political purposes.

Rep. Kurt Schrader D-OR., accompanied by Rep. Steve Cohen, D-Tenn., speaks during a news conference, ahead of a House vote on a bill that would prevent Soring in training Tennessee Walking horses on Capitol Hill in Washington, Wednesday, July 24, 2019. (AP Photo/Jose Luis Magana)

Apple Briefly Became World’s First $3 Trillion Company

Apple briefly hit a market cap of $3 trillion during trading on Monday, the first company to ever achieve this valuation. After hitting the landmark valuation, Apple shares have traded down, leaving the iPhone giant just short of the historic value. The tech giant has tripled its valuation in the last four years.

Tim Cook CEO of Apple laughing

SEC: Richard Burr, Brother-in-Law Used ‘Nonpublic Information’ to Trade Stocks Before Market Dropped

Sen. Richard Burr (R-NC) had “material nonpublic information” revolving around the coronavirus pandemic’s impact when he directed his stockbroker to dump over $1.6 million in stocks a week before the market drastically dropped in March of last year, in addition to telling his brother-in-law who then did the very same, according to federal court filings.

WASHINGTON, DC - SEPTEMBER 30: Sen. Richard Burr (R-NC) gives an opening statement during a Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during Covid-19 at Capitol Hill on September 30, 2021 in Washington, DC. (Photo by Greg Nash- Pool/Getty Images)

Chinese Property Shares Tumble Amid Fears of Evergrande ‘Contagion’

The impending collapse of China’s gigantic Evergrande Group real estate company caused a tumble at the stock market on Tuesday for other Chinese property developers. Even investors in completely unrelated markets are growing nervous about what the implosion of such a huge company could do to banks in China and around the world – and what it could mean for Beijing’s geopolitical agenda.

WUHAN, CHINA - SEPTEMBER 26: (CHINA OUT) An aerial view shows the Evergrande Changqing community on September 26, 2021 in Wuhan, Hubei Province, China. In 2015, Evergrande real estate acquired four super large projects in Haikou, Wuhan and Huizhou, with a total construction area of nearly 4 million square meters …

Robinhood Launches College Tour to Recruit Young Customers

The stock trading app Robinhood, notorious for its actions against GameStop and other “meme stock” investors, has kicked off a nationwide effort to convince students to trade stocks using its app, including a $20,000 giveaway offering to young people.

Robinhood CEO Vladimir Tenev

Zoom Shares Drop 16% as Growth Slows

The video conferencing company Zoom, which enjoyed massive growth during the coronavirus pandemic, has suffered a 16 percent slide in share price today after the company reported second-quarter earnings that beat expectations but showed slow growth.

Zoom stock market