Dow Drops About 400 Points, Extending Selloff
U.S. stocks tumbled again as investors continued to abandon the technology trade that had fueled the market's recent rebound.
Unemployment Declined in August
Unemployment fell sharply in August and hiring gains moderated, as the U.S. economy continued to recover from the steep downturn triggered by the coronavirus pandemic.
SoftBank's Bet on Tech Giants Fueled This Summer's Powerful Market Rally
The Japanese conglomerate led by billionaire Masayoshi Son placed billions in options bets on fast-rising tech stocks.
Spanish Deal Talks Raise Prospect of European Banking Consolidation
Spanish banks Caixabank and Bankia said they are exploring a merger to create the country's largest domestic lender, raising the often-debated prospect of consolidation in Europe's banking system.
Treasury Yields Climb After Jobs Data
U.S. government-bond yields rose after data showed the economy added more jobs than expected last month, driving down the unemployment rate.
How Options-Market Amateurs Might Have Tripped Up Big Tech
U.S. technology giants have stumbled. In true David and Goliath fashion, it might be the work of amateur investors dabbling with derivatives.
Risk Creeps Into Municipal Bond Market, Yet Prices Stay High
The pandemic is threatening the creditworthiness of many municipal securities long seen as safe investments-bonds for higher education, health care, tourism and travel.
German Manufacturing Orders Lose Steam
German manufacturing orders rose 2.8% in July, advancing for the third consecutive month, but at a sharply lower pace.
Coronavirus Pandemic Looms Over Labor Day Weekend
The U.S. recorded more than 36,000 new coronavirus cases, and while the most recent daily figures remain well off July's highs, they are above the daily tallies recorded in June.
Covid-19 Pandemic Ravages World's Largest Developing Economies
From India to Mexico and Brazil, the world's biggest developing countries are witnessing some of the steepest economic contractions on record, throwing tens of millions out of work and turning back the clock on gains against poverty.
