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News Articles: stocks

People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood in New York City after the company went public on July 29, 2021. On Tuesday, the company said it was cutting nearly a quarter of its staff.

Tagged as: 

  • Business

Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.

August 02, 2022
|
By:
  • David Gura
At the beginning of the pandemic, Michelle Milkowski started investing in penny stocks. A few months later, she bought cryptocurrency for the first time.

Tagged as: 

  • Business

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

July 26, 2022
|
By:
  • David Gura
Lynn Martin started as the new CEO of the New York Stock Exchange in January.

Tagged as: 

  • Business

From blockbuster to bust: Behind the precipitous drop in IPOs

Private companies are sitting on the sidelines in 2022 after a record setting year of initial public offerings fueled by cheap borrowing.

July 06, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange.

Tagged as: 

  • Business

It's been a vicious 6 months for stocks. Here's what the grim markets are signaling

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

June 30, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Thursday. Stocks fell sharply a day after the Fed raised interest rates by the most in decades.

Tagged as: 

  • Business

The Dow Jones sinks below 30,000 as fears about a recession grow

Stocks sank a day after the Federal Reserve delivered its biggest rate hike since 1994.

June 16, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange (NYSE) on Friday in New York City. Stocks slumped on Monday following a stronger-than-expected report on inflation, sending the S&P 500 to a bear market.

Tagged as: 

  • Business

Stocks sink, sending the S&P 500 to a bear market

Stocks fell sharply on Monday after a stronger-than-expected inflation report spooked investors. The S&P 500 entered a bear market once again after briefly dipping into one last month.

June 13, 2022
|
By:
  • David Gura
Cathie Wood, chief executive officer and chief investment officer, Ark Invest speaks during the Milken Institute Global Conference in Beverly Hills on May 2. Wood, a star investor who has attracted millions in social media, has had a rough year as many of her technology-focused investments have cratered.

Tagged as: 

  • Business

A superstar investor with the Midas touch or just lucky? The puzzle of Cathie Wood

She became one of Wall Street's most successful stock pickers during the pandemic, with millions of followers in social media, but Wood is struggling this year and facing intense scrutiny.

May 22, 2022
|
By:
  • David Gura
Stocks are in bear market territory.

Tagged as: 

  • Business

Stocks entered a bear market. Here's what that means

The S&P 500, one of the broadest stock market indexes, entered a bear market during Friday's trading. That means it had fallen a stunning 20% from a recent high in January.

May 20, 2022
|
By:
  • David Gura
Traders work on the floor during the opening bell of the New York Stock Exchange in New York City on May 16. Stocks slumped on Wednesday as earnings from major retailers such as Target reinforced concerns about the U.S. economy.

Tagged as: 

  • Business

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

May 18, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange in New York City on Friday. Stocks slumped again on Monday as fears about inflation are proving hard to tamp down.

Tagged as: 

  • Business

A brutal sell-off on Wall Street continues as stocks sink for a 3rd day in a row

Stocks continue to slump on fears about inflation – and whether the Federal Reserve can bring down prices without sparking a recession.

May 09, 2022
|
By:
  • David Gura
Traders work the floor of the New York Stock Exchange in New York City on Thursday. Stocks fell sharply a day after the Federal Reserve raised interest rates by the most in over two decades.

Tagged as: 

  • Business

Stocks dive, a day after their best session in years, as economic fears intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

May 05, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange in New York City on March 4. The Dow Jones Industrial Average slumped nearly 800 points on Monday, entering what's called a correction.

Tagged as: 

  • Business

It keeps getting worse for stocks. Dow sinks and enters what's called a correction

Fear of higher energy prices led to a sharp sell-off on Wall Street, with the Nasdaq now in what's known as a bear market.

March 07, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange at the opening bell on Tuesday in New York. Stocks tumbled on Thursday after Russia invaded Ukraine, sending the Nasdaq into what's known as a bear market.

Tagged as: 

  • Business

Stocks are in turmoil as Russia invades Ukraine. Here are 4 things to know

Stocks staged a remarkable recovery after plunging earlier, underlining just how volatile conditions are after Russia invaded Ukraine.

February 24, 2022
|
By:
  • Scott Horsley
Trading on the New York Stock Exchange and elsewhere suffered an incredibly volatile week as the Federal Reserve gears up to raise interest rates.

Tagged as: 

  • Business

It was a wild week for stocks. Should you worry? Here are 4 things to keep in mind

Markets went on such a roller-coaster ride this week that it even stumped the most veteran investors. The Federal Reserve plans to start raising interest rates to tackle inflation.

January 31, 2022
|
By:
  • David Gura and
  • Scott Horsley
Traders work on the floor of the New York Stock Exchange on Thursday in New York City. Stocks continued to slump on Monday as the Federal Reserve gears up to raise interest rates in a bid to bring down inflation from 40-year highs.

Tagged as: 

  • Business

Stocks are in the midst of a wild ride as the U.S. gets ready to fight inflation

The Federal Reserve is gearing up to raise interest rates after inflation hit a 40-year high, sparking fears in Wall Street about what these steps will mean for the economy.

January 24, 2022
|
By:
  • David Gura
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