FACEBOOK'S stock price has slumped by nearly $10billion after sealed court documents about the firm were released to the public. The secret files – which contain emails from billionaire boss Mark Zuckerberg – reveal the inner workings of Facebook, and the company's blatant disregard for user privacy. As stock markets opened today, the company's shares had fallen by around 2.5% – which works out at a loss of $9.5billion (£7.4billion). The company is now worth around $378billion, as investors bail on the company over its rogue antics. Zuckerberg is under major pressure now, after MP Damian Collins, who is leading an investigation into fake news, yesterday published secret emails and messages sent between Facebook employees. The 250-page report revealed that workers tried to covertly gather users' calls and texts while covering their tracks in order to avoid negative headlines should the practice go public. In one of the internal messages from 2015, a Facebook … [Read more...] about Facebook loses $9.5BILLION on stock market after major leak exposed dodgy Zuckerberg’s emails
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Adam Shell USA TODAY Published 5:48 AM EST Nov 6, 2018 Political elections and financial tumult have been intertwined ever since 2016, when the unexpected Brexit vote and President Trump's win caught investors off guard, sending shock waves through markets. In Tuesday's midterm elections, however, most Wall Street analysts aren't expecting market upheaval. The reason: Even if the vote results in a power shift in Congress and a return to divided government, it's unlikely to bring any near-term policy changes that will undue Trump's economic agenda or the passage of laws that will spook investors. Wall Street is already gearing up for the possibility that the Democrats will take back the House while the Republicans keep power in the Senate. This base case, investors say, would result in legislative gridlock, but not upset the status quo. In short, a split Congress would put the breaks on legislative activity in the coming year. "People look at a divided … [Read more...] about Midterm election: How stock market could react to voting
Adam Shell USA TODAY Published 5:04 PM EDT Oct 29, 2018 Wall Street took investors on a wild ride Monday, with the Dow swinging more than 900 points before closing down for the day. The Standard & Poor's 500 also shifted violently but avoided ending in official "correction" territory. The latest sell-off was prompted by renewed tariff worries. The Dow Jones industrial average rose more than 350 points in morning trading before going into a free-fall that dragged it down 566 points from Friday's close. When trading ended, the blue-chip average was down 245 points, or 1 percent, at 24,443. The broad S&P 500, which was up as much as 2 percent and fell nearly 4 percent from its high point for the day, closed down 0.7 percent at 2641.25 – or 9.9 percent off its Sept. 20 high. That left the index just shy of the 10 percent drop needed for a correction. Stocks, which have been under pressure for weeks since the S&P 500 hit … [Read more...] about How did stock market do today? Wild day but S&P 500 avoids correction.
Adam Shell USA TODAY Published 4:04 PM EDT Oct 12, 2018 Damage assessments from the recent market slump are rolling in, and stock losses are more gruesome and bigger than they appear on the surface. The downfall of many individual stocks has been far more sizable than the broad stock market's discomforting but manageable 7 percent drop from its late September high, data show. Big time troubles for the struggling bull market lurk in the deeper pool of companies that make up the Standard & Poor's 500 stock index. Shares of many of them are in full retreat, with 165 companies, or one-third of the index, now in bear market territory. That means their stock prices are down more than 20 percent from their recent highs, according to Bloomberg data through Friday morning. In dollar terms, investors suffered a paper loss of $2.5 trillion on U.S. stocks from the market's record high on September 20 through Thursday, according to Wilshire Associates. … [Read more...] about Stock market sell-off leaves one-third of S&P 500 in bear territory
When we talk about the stock market, there's one word that tends to come to mind: volatility. Think about some of the headlines you might have seen over the past few months -- things along the lines of the Dow plunging like crazy and trade war fears shaking investors to their core. It's no wonder that only 54% of the U.S. population owns stocks, despite the fact that they've been a solid moneymaker over time. Of course, not everyone is terrified of the stock market. Among those folks who aren't invested in it, it's fair to say that much of that decision boils down to a lack of funds. But if you are sitting on money to invest and are hesitant to dabble in stocks for fear of losing it, here are a few ways to get past those feelings and make what likely will end up being a very smart financial decision. IMAGE SOURCE: GETTY IMAGES. 1. Understand that downturns are normal A big reason so many investors stay away from stocks is that they think the market is too unpredictable. But … [Read more...] about How to Get Over Your Fear of the Stock Market