Even giant Goldman Sachs has been adversely affected by the stock market chaos, as its 2015 distress trading desk lost about $50 million to $60 million.
As panic ensued when the Dow crashed to 1,000 points Monday right after the opening bell, some investors complained on Twitter that they weren't able to log into their online stock accounts.
Another wild day of trading gripped Wall Street Tuesday. Many were hoping stocks would recoup losses from Monday's massive selloff, as all three major equity indexes surged during early sessions. But, as trading drew to a close, their gains vanished.
Selling on Wall Street was so drastic Monday that the stocks and exchange-traded funds went through unprecedented emergency halts 1,200 times.
Since European Union's economy is finally recovering, a noted economist proposes three significant areas that U.K. officials should focus on to sustain its growth: medium-sized businesses, overseas trade and linking of geographic powerhouses to maintain the economic model.
In an unprecedented move, the stock price of world's most diversified business conglomerate fell 21 percent on the Wall Street. The shares of General Electric (GE) suffered biggest loss ever since the Black Monday in 1987 eroding the company's value by a whopping $53 billion.
Apple's stock rose sharply Monday after chief executive Tim Cook sent a rare e-mail to a news commentator, saying sales in China had been strong.
Apple shares went down seven percent Tuesday, and down again six percent Friday amid the declining U.S. stocks.
It's hard to imagine tech giants getting worse than ever. But this dreadful scenario recently happened to a popular social media platform, Twitter, as its stock price fell lower than it was when the company first went public.
The recent devaluation of Chinese currency Yuan has already started creating tremors in the global markets and more precisely in the US economy as it's triggering an imbalance in international trade.
A diversified portfolio allows investors to avoid problems brought by reversals in the stock market by moderating the effect of the decline.
Startup companies centered the stage at a two-day demonstration organized at the Computer History Museum in Mountain View, California. Hardware technology was highlighted as 20 hardware inventions were featured accelerating ahead of the usual mobile app startup.
If you need to invest on new markets and add them to your investment portfolio, you only need to keep one thing in mind: cost. According to Forbes.com there are about 1,500 ETFs or exchange-traded funds in the market today.
China's main Shanghai stock index finish higher Wednesday, but other stock markets were mostly lower as investors are anxious about the volatile Chinese market.
Global stocks are turning out to be more attractive for investors who prefer to put their eggs in different baskets rather investing in the US market alone.
Subscribe to VCpost newsletter
- Sephora’s peace offering to disappointed customers: $50 gift code
- McDonald's rejects Burger King's McWhopper peace deal
- Toms Shoes CEO takes 12-week paternity leave; applauded by employees
- Michael Jordan proves he wasn’t after the money, Donates $8.9M to charity
- Chipotle to go on hiring spree; 4,000 people new jobs up for grabs on September 9
- Comcast's super-fast cable internet will surpass Google Fiber
- Coursera raises $50M for expansion in China and India
- Social Security: What and When to Collect; What's the Max Strategy if Single, Never Married with No Kids