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
Ken Fisher Special to USA TODAY Published 7:02 AM EDT Sep 16, 2018 Riding all of the stock market’s ups – and none of its downs – is a popular fantasy. Who wouldn’t want to skip rough patches such as early 2018, late 2015 or all of 2008? Alas, it’s impossible. Even the greatest investors are wrong maybe a third of the time. But here’s some good news: You don’t need perfect timing to achieve marvelous returns. Time in the market beats timing the market – almost always. Why? Consider three make-believe siblings, each with $10,000 to invest in U.S. stocks each year from 1977 to 2018 – a stretch that includes five bear markets. Pretend they bought the Standard & Poor's 500 stock index (broader than the Dow). Janette, with perfect timing, invests at each year’s monthly market low, earning each year’s full upside. Jebediah, a terrible timer, invests at each year’s monthly market … [Read more...] about Stock market 2018: Investors don’t need perfect timing for big returns