A gauge of global stocks fell on Thursday from a record high in its biggest one-day decline in nearly three months as the technology sector sold off, while the dollar continued its bounce from more than two-year lows.
The Japanese yen and Swiss franc strengthened against the dollar on Thursday afternoon as a selloff in the U.S. stock market drove investors into the safe-haven currencies.
Wall Street's main indexes closed sharply lower on Thursday, marking their deepest one-day dives in months as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
Wall Street's main indexes tumbled on Thursday and were on track for their deepest one-day dives since June as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
So much for that record high. One day after setting another all-time high, the S&P 500 Index (SNPINDEX: ^GSPC) is in a rout, down 3.1%, or more than 100 points, just before 1 p.m. EDT on Sept. 3. In a typical year, a 3% move down would likely go down as the worst day of th
What happened
The stock market crashed hard on Thursday, Sept. 3. At 1:15 p.m. EDT, the Dow Jones Industrial Average stood 2.6% lower and the broader S&P 500 index had fallen 3.4%. The tech-heavy Nasdaq Composite led the pack with a decline of 4.6%, giving us a big clue to t
High-flying tech stocks were selling off hard on Thursday, driving the Dow Jones Industrial Average (DJINDICES: ^DJI) down 1.8% by 11:45 a.m. EDT. Filings for jobless claims declined slightly last week from the week before, according to a Labor Department report, but a change in
Wall Street's main indexes tumbled on Thursday, heading for their worst day since June as investors dumped high-flying technology-focused stocks, while economic data highlighted concerns about a long and difficult recovery.
TikTok launched a marketing program on Thursday to attract more advertisers with tools to measure the success of ad campaigns that run on its popular short video app.
Wall Street's main indexes fell on Thursday as technology-focused stocks lost strength, while elevated jobless claims and a slowdown in services sector fueled fears of a slow and prolonged economic recovery.
China's new tech export rules do not target any specific company, the commerce ministry said on Thursday, when asked if the new rules mean ByteDance's sale of TikTok's U.S. operations could require Beijing's approval.
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app's U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
A group representing major internet companies including Facebook Inc, Amazon.com Inc and Alphabet Inc's Google on Wednesday urged the Federal Communications Commission (FCC) to reject a Trump administration bid to narrow the ability of social media companies to remove objectionable content.
A group representing major internet companies including Facebook Inc, Amazon.com Inc and Alphabet Inc's Google, on Wednesday urged the Federal Communications Commission (FCC) to reject a Trump administration bid to narrow the ability of social media companies to remove objectionable content.
You wouldn't know it by the behavior of the stock market recently, but the outlook for the U.S. economy is as cloudy as a Midwest skyline before a downpour. We've moved past the spring lockdowns, but millions are still unemployed, and the COVID-19 pandemic continues to spread. T
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying its U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
VirnetX Holding (NYSEMKT: VHC) has been victorious yet again in its patent infringement case against Apple (NASDAQ: AAPL), which has been dragging through the courts for a decade.
Oracle Corp's long-running legal challenge to how the Pentagon set up its $10 billion JEDI cloud computing contract has been rejected by a U.S. appeals court.
Apple (NASDAQ: AAPL) and International Business Machines (NYSE: IBM) are established tech companies on opposite ends of the spectrum. One has attained the largest market cap in the U.S., and the other has remained a force in the tech industry for more than a century.