NEW YORK - U.S. stocks tumbled on Thursday, with the Dow and the S&P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China.
- U.S. safety watchdog group says 303 airbag-linked deaths in recalled GM cars
- U.S. lifts ban blocking BP from new government contracts
- Bank of America back in court over $2.1 billion fraud penalties
- Temasek offers to buy Singapore's Olam, values firm at $4.3 billion
- Peltz blasts PepsiCo again, seeks details on operations, strategy
Recent Business News
WASHINGTON - The leaders of the U.S. Senate Banking Committee's new legislative framework to wind down Fannie Mae and Freddie Mac will not determine whether their investors can share in the companies' renewed profitability, the panel's top Republican said on Thursday in a televised interview.
BOSTON/WASHINGTON - Target Corp's security software detected potentially malicious activity during last year's massive data breach, but its staff decided not to take immediate action, the No. 3. U.S. retailer said on Thursday.
WASHINGTON - U.S. retail sales rebounded in February and new filings for jobless benefits hit a fresh three-month low last week, suggesting the economy was regaining strength after an abrupt slowdown caused by severe weather.
- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday.
The state of the US job market is essentially unchanged. On Wednesday morning, the most recent Bureau of Labor Statistics Job Openings and Labor Turnover (JOLTs) data showed that the rate of hiring, turnover, and the number of open jobs was largely unchanged.
- Charting the Malaysian airliner disappearance
- The worrying (or not) rise of margin debt
- Manufacturing and consumer spending edge up
- Is China’s red-hot housing market finally beginning to cool down?
- What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages
- The end of the boom in emerging markets reserves