Wall Street suffered its bloodiest day of the year Friday as U.S. stocks sank more than 2% following an ugly jobs report. The Dow erased all its gains for the year, and the S&P 500 and Nasdaq moved into correction territory, down more than 10% from the year’s highs.
California’s budget woes have come home to roost for the state’s politicians.
Mitt Romney is worth between $84 million and $256 million, according to campaign disclosure forms released Friday by the Federal Election Commission.
Most automakers reported a jump in car sales in May, but the results were less than some analysts expected — another sign that the U.S. economy, while growing, remains weaker than hoped.
The elephant in the room – QE3 – is stomping around again thanks to that deeply disappointing jobs report. So, will the Federal Reserve open the floodgates and throw more stimulus into the market? Or will it remain on the side lines, jawboning that “policy options are available … should it be necessary.”
Groupon’s first six months on the stock market have been nightmarish — and the drama continued Friday, the first day that some company insiders were allowed to dump their shares.
The unemployment rate could fall in coming months, but don’t get too excited.
Extreme fear gripped investors around the world Friday, sending them fleeing for the safety of U.S., German and U.K. bonds.
Stocks are being hammered as Europe’s debt crisis remains unresolved and the U.S. economy is showing new signs of distress.
Businesses hired shockingly few workers in May, throwing into doubt the strength of the economic recovery.