The stock market is crashing: Here’s what financial experts say you should do with your 401(k) now
'Resist the urge to shift out of stocks entirely.'
'Resist the urge to shift out of stocks entirely.'
(Bloomberg) -- The Bank of Canada is expected to cut interest rates more deeply as US President Donald Trump’s tariff barrage sends world markets into a tailspin and data show the Canadian job market already taking damage.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’ Look Like?London Clears Final Hurdle for M
DuPont shares tumbled Friday after a Chinese regulator said it was investigating the company's operations in the country.
Shares of the companies spun off from the former industrial icon General Electric were all tanking Friday, led by medical device maker GE HealthCare, on investor fears that they would be hurt by Beijing’s retaliatory levies countering President Donald Trump’s tariffs.
The huge swings rocking Wall Street and the global economy may feel far from normal. Stomaching them is the price investors have had to pay in order to get the bigger returns that stocks can offer over other investments in the long term. Here's a glimpse at what's behind the market's wild moves and what experts advise investors young and old to consider: HOW BAD IS THE MARKET?
Caterpillar shares extended losses Friday amid concerns over the impact of retaliatory tariffs on the company’s global construction footprint.
Boeing shares tumbled Friday as markets extended their sell-off after China's response to the Trump administration's new tariffs.
Companies that focus on food, health care and other necessities gained ground or held relatively stable, despite a slump in the broader stock market over worries about an escalating trade war that erased trillions of dollars in value for the biggest U.S. companies. Big Tech stocks, specialty retailers, travel and energy companies took sizeable losses. “The market is pricing in a big hit to the broad economy from tariffs cutting into corporate profits, hurting hiring, and curtailing consumer spending," said Bill Adams, chief economist for Comerica Bank.
A real-time reaction to the impact of President Donald Trump's tariff actions and lackluster earnings has the CEO of luxury furniture maker RH in the spotlight. On Wednesday RH, previously known as Restoration Hardware, reported a fiscal fourth-quarter adjusted profit of $1.58 per share on revenue of $812.4 million. Analysts polled by Zacks Investment Research predicted a higher profit of $1.91 per share on revenue of $827.3 million.
NEW YORK (Reuters) -Global hedge funds and levered exchange-traded funds (ETFs) dumped more than $40 billion of stocks at a breakneck pace, growing increasingly bearish after President Donald Trump's shock announcement of harsher-than-expected global tariffs, according to bank notes to clients on Friday. Since late on Wednesday, when Trump boosted tariff barriers to their highest level in more than a century, S&P 500 companies have lost over $4 trillion in stock market value. JPMorgan said in a note that volatility targeting portfolios had between $25 billion and $30 billion in equities to sell in the coming days, as they unwind positions to reduce risk.