Dow tumbles more than 500 points as Wall Street's fears turn to China
CNN
The Dow and the broader US stock market fell sharply early Monday as Chinese real estate conglomerate Evergrande's debt crisis made American investors uneasy.
The S&P 500 (SPX), the broadest measure of Wall Street, opened 1.5% lower, while the Dow (INDU) fell 550, or 1.5%. The Nasdaq Composite (COMP) dropped 1.7% at the opening bell.
Evergrande, which is struggling to manage its $300 billion mountain of debt, was supposed to pay the interest on some of its bank loans Monday, according to Bloomberg. The company will also have to pay interest on two of its bonds worth more than $100 million later this week on two of its bonds, according to Refinitiv.
Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. But no matter who Trump blames for inflation, America’s economic mood is now souring — and Trump is getting the heat for it.
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Apple offered the latest version of its budget friendly phone for pre-sale in key markets on Friday, in an effort to woo customers in price-sensitive countries like China and India.
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Delta Air Lines is offering passengers who were on the flight that crashed and overturned at Toronto Pearson International Airport $30,000 each.
US stocks fell Thursday after the world’s largest retailer warned that 2025 would be a rollercoaster ride and said it expected sales to slow this year amid fears that consumers are tapped out.
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Imagine having a language tutor who was always on, available anytime to teach you new vocabulary or check up on your progress.
Shoppers flooded to Walmart for groceries and clothing last year. But 2025 will be trickier for the retail giant as inflation ticks back up and Trump’s tariffs kick in.
Trump says DOGE could return 20% of its savings directly to taxpayers. That could reignite inflation
President Donald Trump said he is considering a plan that would give 20% of savings identified by Elon Musk’s Department of Government Efficiency (DOGE) back to Americans, potentially complicating the country’s ongoing battle with elevated inflation.
As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors’ minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbor may be reversed.