The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
Banks have historically used armies of mortgage brokers to gather income and asset documents from prospective borrowers.Financeread more
Guggenheim reiterates its buy rating on Boston Beer's stock and raises its price target to $462 from $449 per share.Investingread more
On-demand delivery company Postmates is partnering with Phantom Auto, an autonomous vehicle teleoperator, to coordinate driverless deliveries.Autosread more
Bruce Broussard, CEO of health insurance company Humana, sits down with CNBC's Bertha Coombs to discuss the state of the industry, integrating digital health technology,...Squawk Boxread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
Ad-tech company The Trade Desk is launching a campaign to show how it differs from tech giants like Google and Facebook.Technologyread more
The average correction for the since World War II lasts four months and sees equities slide 13 percent before bottoming, according to analysis at Goldman Sachs and CNBC.
The broad market index fell into correction Friday, but closed just 9.6 percent below the all-time intraday high it clinched on Sept. 21, 2018; the index fell 1.7 percent for the session. The Dow Jones Industrial Average, meanwhile, is more than 8 percent off its own record high and fell nearly 300 points Friday. Wall Street defines a correction as down more than 10 percent from a high.
Bear markets — defined as a 20 percent fall in stocks — average a loss of 30.4 percent and lasts 13 months; it takes stocks 21.9 months on average to recover.
"It's a bad sign that oversold markets not bouncing," Michael Hartnett, Bank of America Merrill Lynch's chief investment strategist wrote. "The inability of oversold markets to bounce suggests investors worried by either systemic financial market event or recession."
Tech has been especially slammed this week. The Nasdaq Composite dropped 1.7 percent Friday, led lower by Amazon and Google-parent company Alphabet, which dropped 6.7 percent and 2.2 percent, respectively. Both tech giants released quarterly earnings that topped analyst estimates, but revenues fell short.
"Asset carnage is cross-market and has infected U.S. tech leadership," Hartnett pointed out, adding that the asset class is oversold and classify as a bull trade. He also named lower oil and wider credit spreads as recession "tells" and reasons to stay bearish.
Hartnett warned last month that the "Great Bull" market that began at the bottom the financial crisis is dead. The strategist highlighted rising interest rates, slower economic growth and excessive amounts of debt.