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Business News

Thursday, Dec 27, 2018 at 05:04 PM EST

US Stocks Stage Big Rally, Erase 600 Point Drop in Dow

US Stocks Stage Big Rally, Erase 600 Point Drop in Dow

Wall Street staged a swift, last-minute turnaround Thursday that rescued stocks from a steep dive and put the market on track to end a topsy-turvy, volatile week with a gain. The comeback reversed a 611...

Wednesday, Dec 26, 2018 at 10:47 AM EST

Holiday Return Policies: Some Naughty, Some Nice

Holiday Return Policies: Some Naughty, Some Nice

U.S. retailers expect to handle about $72 billion worth of holiday returns this year, according to estimates from the National Retail Federation. That’s 10 percent of their total holiday sales. An analysis...

Wednesday, Dec 26, 2018 at 04:51 PM EST

Dow Rallies 1,000 Points in Biggest Single-Day Point Gain

Dow Rallies 1,000 Points in Biggest Single-Day Point Gain

Stocks posted their best single-day performance in nearly a decade on Wednesday, with the Dow Jones Industrial Average notching its largest one-day point gain in history. Rallies in retail and energy shares led...

Wednesday, Dec 26, 2018 at 06:28 AM EST

Trump's Unsettled Wall Street, and It May Worsen: Analysis

Trump's Unsettled Wall Street, and It May Worsen: Analysis

Characteristically, President Donald Trump responded to bad news on Christmas Eve by blaming others. As battered markets slumped again, he faulted the Federal Reserve. "The only problem our economy has is...

Tuesday, Dec 25, 2018 at 02:23 AM EST

Japan Stocks Plunge, Other Asia Markets Fall After US Losses

Japan Stocks Plunge, Other Asia Markets Fall After US Losses

Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's attack on the U.S. central bank. Markets have been roiled by concerns...

Monday, Dec 24, 2018 at 01:43 PM EST

Markets Plummet in Worst Christmas Eve Trading Day Ever

Markets Plummet in Worst Christmas Eve Trading Day Ever

U.S. stocks plunged on Monday in their worst Christmas Eve trading ever, as the S&P 500 entered a bear market, CNBC reported. The Dow Jones Industrial Average dropped by 653 points, falling below 22,000. The...

Friday, Dec 21, 2018 at 08:25 PM EST

A Decade-Long Rally on Wall Street Looks Like It's Ending

A Decade-Long Rally on Wall Street Looks Like It's Ending

After almost 10 years, Wall Street's rally looks like it's ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26...

Friday, Dec 21, 2018 at 03:50 PM EST

Sears Weighs 50 to 80 More Store Closures: Sources

Sears Weighs 50 to 80 More Store Closures: Sources

Even as Eddie Lampert is trying to keep Sears alive, the company is preparing for its potential doom. Sears' chairman, Eddie Lampert, earlier this month unveiled his $4.6 billion proposal to save Sears by...

Friday, Dec 21, 2018 at 02:56 PM EST

Fire Risk Forces Recall of 874K Ford F-Series Pickup Trucks

Fire Risk Forces Recall of 874K Ford F-Series Pickup Trucks

Ford is recalling more than 874,000 F-Series pickup trucks with engine block heaters in the U.S. and Canada because they can catch fire. The recall covers certain F-150s from the 2015 through 2019 model years...

Friday, Dec 21, 2018 at 08:25 AM EST

FDA Weighs Legalizing Interstate Sales of CBD in Food, Drink

FDA Weighs Legalizing Interstate Sales of CBD in Food, Drink

The Food and Drug Administration is looking for "pathways" to legalize the sale of CBD oil and other cannabis-based compounds in food and beverages in a move that could remove one of the last remaining legal...

 

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