The stock market’s nightmare may be far from over
After a nail-biting week with the Dow Jones Industrial Average sinking nearly 1,400 points over two sessions, the jury is still out on whether the selloff signals a fundamental shift in the stock market or a brief episodic correction. But one thing is certain, investors should brace for more drama in the coming days as corporate earnings, rising interest rates and economic data all converge for a volatile mix of angst-ridden trading. See full story.
“If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure. The truth is that if Washington imposes sanctions on Riyadh, it will stab its own economy to death.” See full story.
Sears Holdings Corp. filed early Monday for bankruptcy protection from creditors, marking the collapse of a company that dominated American retailing for much of the 20th century. See full story.
President Donald Trump predicted climate change would fix itself, said he knows more about NATO that Defense Secretary Jim Mattis and claimed the European Union was formed to take advantage of the U.S. in a wide-ranging interview aired Sunday on “60 Minutes.” See full story.
Suze Orman broke the internet earlier this month when she told listeners of the “Afford Anything” podcast that, realistically, those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal. The overwhelming response: Are you nuts, lady? But one popular personal finance blogger swam upstream right next to Orman, but he used his own experience to back his point. See full story.
It’s that time of year again. See full story.
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