Music superstar Cardi B issued a tweet Sunday on the topic of a recession, but Treasury Secretary Janet Yellen responded on Thursday by noting that she does not expect there to be a recession.
After a promising start to morning trading, the major stock indexes turned sharply negative Friday with the S&P 500 tumbling into bear market territory and the Dow Jones Industrial Average setting up for the longest streak of weekly losses since the Great Depression.
Global stock markets are expected to continue hemorrhaging money as more heavy selling continues this summer while central banks around the world hike interest rates to try and combat spiraling inflation.
Stocks fell sharply in U.S. markets on Thursday morning, led by the technology and consumer discretionary sectors.
The Dow Jones Industrial Average fell by 1,100...
The airline industry is continuing to call for the end of the federal mask mandate, making it clear “we need to remove these mandates” as federal health officials extend it yet again.
U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.
