Scott Horsley appears in the following:
Stocks Continue Downward Slide, Now Greased By Oil Prices
Monday, March 09, 2020
Stock markets were convulsed by another wave of selling Monday. So many investors headed for the exits that trading was temporarily halted in the morning. The Dow finished down 2,020 points, or 7.8%.
How Stock Market Circuit Breakers Work
Monday, March 09, 2020
Trading on the New York Stock Exchange was halted briefly Monday morning when the S&P 500 index fell 7%. Here's how these automatic circuit breakers work.
U.S. Stock Market Opens; Fears Of Coronavirus Cause Plunge
Monday, March 09, 2020
Oil markets crashed and stocks plunged on Monday as a sudden clash among the world's biggest oil producers gave already rattled investors another reason to worry about the global economy.
How Coronavirus Is Disrupting Cultural And Economic Life
Saturday, March 07, 2020
It was a roller-coaster week on Wall Street as investors struggled to understand the potential fallout from the coronavirus.
U.S. Added 273,000 Jobs Last Month, But Economists Brace For Coronavirus Impact
Friday, March 06, 2020
The increase was about 100,000 more than expected and unemployment dipped to 3.5%. The labor market appears resilient, but fears are growing that the coronavirus will take a toll on the economy.
Federal Reserve Cuts Key Interest Rate To Counter Coronavirus Risk
Tuesday, March 03, 2020
The Federal Reserve cut interest rates by half a percentage point Tuesday in an effort to shield the U.S. economy from coronavirus effects. The Dow Jones Industrial Average still fell 786 points.
Dow Plunges Nearly 800 Points, Despite Fed Rescue Attempt
Tuesday, March 03, 2020
The Federal Reserve cut interest rates by the largest amount since the 2008 financial crisis, but the emergency move failed to mollify investors worried about the coronavirus epidemic.
Jack Welch, Larger-Than-Life CEO Of GE, Dies At 84
Monday, March 02, 2020
Jack Welch, one of the United States' best-known CEOs, has died. Welch ran General Electric for two decades and built the company into one of the world's most valuable corporations. He was 84.
Wall Street's Brutal Week Slashed Nearly 3,600 Points From Dow
Friday, February 28, 2020
The U.S. stock market ended its worst week since the financial crisis with the Dow Jones Industrial Average falling 12.4%. Fed Chairman Jerome Powell promises to support the economy as necessary.
Dow Falls Nearly 1,200 Points; Stocks Now In Correction Territory
Thursday, February 27, 2020
Stocks continued their downward slide on Thursday, with major indexes falling 10% below their recent peaks. Investors worry about the economic toll of a widening coronavirus epidemic.
Dow Drops 1,900 Points In 2 Days As Markets Sell Off On Fears Of Coronavirus Spread
Tuesday, February 25, 2020
The Dow Jones Industrial Average fell 879 points. That's on top of Monday's drop, when the Dow tumbled more than 1,000 points.
Dow Tumbles More Than 1,000 Points On Fears Of Coronavirus Pandemic
Monday, February 24, 2020
U.S. stocks fell sharply Monday as investors worried about a growing number of coronavirus infections outside China, and possible fallout for the global economy.
Wells Fargo Paying $3 Billion To Settle U.S. Case Over Fraudulent Customer Accounts
Friday, February 21, 2020
The bank agreed to settle charges brought by the Justice Department and the Securities and Exchange Commission over accounts, debit cards and other products that customers did not request.
Multinational Companies Reliant On Chinese Goods Disrupted By New Coronavirus
Thursday, February 20, 2020
The coronavirus outbreak in China continues to have ripple effects on both sides of the Pacific Ocean. Many multinational companies depend on China for both supplies and sales.
Tart Cherry Trees Are Being Undercut. Some Suspect Lies Are Being Told
Monday, February 17, 2020
Michigan's tart cherry growers are facing stiff competition from overseas. Import tariffs were supposed to help, but growers suspect their competitors are sneaking around those trade barriers.
Fed Nominee Judy Shelton Faces Intense Questioning In Senate Committee
Thursday, February 13, 2020
One of President Trump's nominees to the Federal Reserve board of governors fielded tough questioning at her confirmation hearing Thursday. Judy Shelton has drawn criticism even from GOP senators.
Tariffs On Nails Seek To Remedy Issues Caused By Earlier Tariffs
Sunday, February 09, 2020
The Trump administration is imposing new tariffs this weekend on certain imported products made from steel and aluminum. The move is designed to clean up a problem created by earlier tariffs.
Hiring Picks Up As Employers Add 225,000 Jobs In January
Friday, February 07, 2020
U.S. employers added more jobs than expected last month, while the unemployment rate inched up to 3.6%. Unusually warm weather contributed to job gains for construction workers.
The New Coronavirus Is Affecting Chinese Factories — And The Global Supply Chain
Thursday, February 06, 2020
Many Chinese factories are hoping to reopen next week, but it's not clear they'll have the workers they need amid the ongoing coronavirus outbreak. That could have effects for U.S. manufacturers.
Coronavirus Scare Shutters Chinese Factories — But Factor In Chinese Shoppers Too
Monday, February 03, 2020
The coronavirus outbreak that began in China is a double whammy for the global economy. China is both a major supplier to many U.S. companies and also a major customer.