March 2nd, 1915
Controversy Over GameStop’s Stock Market Saga Explained
In recent days, American financial markets have been gripped by the saga of a video game retailer’s soaring stock price. GameStop, which makes most of its money selling video games in stores across America, saw its stock price rise as much as 1,700% this week, backed by fans who believe it is unfairly undervalued by […]
‘150,000 Americans Sacrificed for the Stock Market’: Kushner Reportedly Advised Less Covid-19 Testing to Calm Wall Street
President Donald Trump’s son-in-law and special advisor Jared Kushner reportedly urged his father-in-law in the early stages of the coronavirus pandemic not to prioritize testing or ordering potentially life-saving equipment like ventilators because of fears it might drive down stock prices. Kushner’s efforts to convince the president not to take decisive action were first reported in […]
Trump Blames Saudi-Russian Oil Fight, Media for Market Drop
WHITE HOUSE – With stock prices plunging amid an oil price war and the coronavirus crisis, U.S. President Donald Trump is to meet Monday afternoon with his economic advisors, including Treasury Secretary Steven Mnuchin, who will present him with policy options to counter the quickly emerging threats to the economy. White House sources […]
Iran Threatens War, as Oil Prices Spike
LONDON – Analysts warn that Saturday’s drone attack on two Saudi oil facilities, which appear to have shattered the prospect of a rapprochement between Tehran and Washington, could push the price of a barrel of oil as high as $100. The drone strike came as it emerged that U.S. President Donald Trump had been thinking […]
US Stocks Plunge 3% on Recession Fears
WASHINGTON – Stock markets in Japan fell Thursday, but not as drastically as the plummets experienced by U.S. markets a day earlier that amplified recession fears. Tokyo’s Nikkei index closed down 1.2% Thursday. Elsewhere in Asia, China’s Shanghai Composite Index finished up 0.3% and Hong Kong’s Hang Seng was up 0.8%, while markets in […]
Worries About China, Oil Prices Trigger Global Stock Plunge
Worries about China’s slowing growth and further drops in oil prices sparked a global stock selloff on Friday. The cost of a barrel of oil slid below $30 for both the Brent and West Texas Intermediate benchmarks. In New York, the S&P 500 fell 2.7 percent in afternoon trading, while the Dow was off nearly […]
US Stock Prices Slump After Weak Retail Earnings, Price Growth
U.S. stock prices fell sharply Friday amid signs of weak price growth and disappointing earnings from some major American department stores. The Dow Jones industrial average plunged 150 points at the opening bell after luxury retail giant Nordstrom reported earnings that fell below forecasts. Nordstrom stocks fell more than 15 percent to $53.50 after the […]