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Monthly Archives: February 2018

Here are the 10 most important stories for investors Friday morning

BRYAN R. SMITH | AFP | Getty Images Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on January 2, 2018 in New York A daily morning look at the financial stories you need to know to start the …

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Government shutdown news: House passes budget deal

Brendan Smialowski | AFP | Getty Images Senate Majority Leader Mitch McConnell (R-KY) walks from a vote on Capitol Hill after the senate voted to advance a bill financing the U.S government January 22, 2018 in Washington, DC. Trump, who said earlier this week he would “love” a government shutdown, …

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US stock markets set to rally at the open after Dow plummets 1,000 points and enters correction territory

Spencer Platt | Getty Images News | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City. In the previous session, U.S. stocks finished deep in the red as higher interest rates continued to weigh on sentiment. The …

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Ant Financial to raise $5 billion in equity

Anthony Kwan | Bloomberg | Getty Images An employee scans a quick response (QR) code displayed on the Ant Financial Services Group’s Alipay app, an affiliate of Alibaba Group Holding. A fundraising would bring Ant, in which e-commerce firm Alibaba Group is taking a one-third stake, a step closer to …

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Winter Olympics hopefuls from Africa

Alexander Hassenstein | Bongarts | Getty Images Akwasi Frimpong of Ghana competes at the International Bobsleigh and Skeleton Federation World Championships on February 24, 2017, in Koenigssee, Germany. Frimpong was born and raised in Ghana, but moved to the Netherlands aged eight, initially as an illegal immigrant. Exceling at sprinting, …

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Long down jackets popular in South Korea amid freezing temperatures

Robert Cianflone | Getty Images Athletes from South Korea attend a welcome ceremony at Gangneung Olympic Village on Feb 7, 2018 in Pyeongchang-gun, South Korea. In the lead up to Friday’s Winter Olympics opening ceremony, there has already been one winner: a certain style of long padded jacket. The winter …

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History of Pyeongchang and Gangwon Province, site of winter Olympics

Cameron Spencer | Getty Images An athlete trains during the Snowboard practice session during previews ahead of the Pyeongchang 2018 Winter Olympic Games at Phoenix Snow Park on February 7, 2018 in Pyeongchang-gun, South Korea. South Korean cities in the province have fared better than their neighbors north of the …

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Martin Franklin, who sold his company to Newell, is now waging a battle against the Newell board

Jonathan Fickies | Bloomberg | Getty Images In this March 23, 2011 photo, Jarden Corp. Chairman and CEO Martin Franklin speaks during an event in New York. After selling his company to Newell Brands a little over a year ago, Martin Franklin wants to take back control. Martin Franklin is …

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Stock market value wiped out equals $2.5 trillion and counting…

The U.S. stock market officially fell into correction territory Thursday and now we now the total damage: $2.49 trillion. That’s the market value that has been wiped out from the S&P 500 during its 10 percent rapid slide from a record on Jan. 26. The total is even bigger for …

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The stock market is officially in a correction… here’s what usually happens next

Richard Drew In this Sept. 20, 2012, file photo Trader Frederick Reimer works on the floor of the New York Stock Exchange. World stock markets fell Monday, Sept. 24, 2012 weighed down by a host of concerns about the global economy. (AP Photo/Richard Drew, File) The S&P 500 fell officially …

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