Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
The FDIC on Tuesday votes to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The yield curve is the only economic indicator pointing to a recession, according to Credit Suisse.Marketsread more
Makan Delrahim, the assistant attorney general for the antitrust division, said a large group of bipartisan state attorneys general have spoken to the Justice Department about...Technologyread more
Stocks slipped on Tuesday as investors digested a sharp rebound from a strong sell-off last week.US Marketsread more
With the official launch of the Apple Card, Goldman Sachs has embarked on a multi-decade journey to becoming a leader in consumer banking, CEO David Solomon says.Financeread more
These are the stocks posting the largest moves midday.Market Insiderread more
The move comes as Facebook continues to grapple with its privacy practices and lawmakers' scrutiny over how it uses personal data to display ads. But it probably won't have...Technologyread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
An under-the-radar hedge fund is ruling the industry with a nearly 30% return this year on its long positions, and it's more than doubling its bet on gold.Marketsread more
U.S. stocks lost nearly $1 trillion in this week's sell-off, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
The fell 3.85 percent in its worst week since the ugly beginning to 2016, before Brexit and before President Donald Trump's election. The last week's decline erased $945 billion from the index's market value, with $511 billion lost on Friday alone, Silverblatt said.
Stocks plunged as investors worried about interest rates rising too quickly.
"While most agree (publicly) some pullback is needed to permit profit taking and to create a secure base, the main question is if this week is an adjustment or the start of a correction, or the end of the bull run (started on March 9, 2009, and now up 308%)," Silverblatt said in a note late Friday.
All 11 stock sectors fell this week, and 36.2 percent of the S&P 500 stocks fell at least 5 percent, according to Silverblatt's data. Just 42 stock issues in the index gained this week, including three that rose more than 10 percent: Dr. Pepper Snapple Group, Qorvo and Newell, the data showed.
The nearly $1 trillion decline in market value this past week followed an unprecedented month of inflows into equities in January.
EPFR Global estimated Thursday that all equity funds took in a "record-setting" $99 billion to $100 billion last month, while ETFGI said preliminary January data for U.S.-listed exchange-traded funds and exchange-traded products showed record net new assets of $78 billion. that marked an increase of $19 billion in net new assets from the prior record in Dec. 2016.