Stock News

Stocks head south after Fed raises rates

Stocks head south after Fed raises rates

Stocks head south after Fed raises rates US stocks fell after the Federal Reserve announced the expected increase of its interest rates, despite warnings from President Donald Trump and concerns over a global market slowdown. The fourth rate hike of 2018 lifted the target range for the Fed‘s benchmark overnight lending rate by a quarter of a percentage point to […]

Lawsuit challenges new rule banning bump stocks

Lawsuit challenges new rule banning bump stocks

It took only hours for a lawsuit to be filed after the federal government on Tuesday announced a ban on gun bump stocks. The complaint by the Firearms Policy Coalition, the Firearms Policy Foundation, the Madison Society Foundation and others targets a published by the Bureau of Alcohol, Tobacco, Firearms and Explosives. The rule gives owners 90 days to destroy […]

US stocks sink further; Johnson& Johnson nosedives

US stocks sink further; Johnson& Johnson nosedives

Stocks are staggering Friday after weak economic data from China has investors worrying about the global economy again. China‘s government said industrial output and retail sales both slowed in November. Tensions in Europe over Britain‘s impeding departure from the also darkened traders‘ moods. Th&P 500 index is falling to an eight-month low, with health care companies taking the worst losses. […]

Fears of Global Growth Slam Stocks, Dow Drops by More Than 550

Fears of Global Growth Slam Stocks, Dow Drops by More Than 550

Stocks got off to a strong start on Friday after the release of a weaker than expected jobs report but turned sharply lower as the day wore on, ending the week with deep dive. The Dow Jones Industrial Average fell by around 559 points, a 2.24 percent decline. The Nasdaq Composite was off by 3.05 percent. The S&P 500 dropped […]

Marijuana Stocks Rise After Jeff Sessions Exit: Report

Marijuana Stocks Rise After Jeff Sessions Exit: Report

Stocks in companies dealing in cannabis- and marijuana-related products have risen since former Attorney General Jeff Sessions left the Trump administration, the Los Angeles Times reports. The Times‘ Kurtis Lee notes that it is not yet clear whether Acting Attorney General Matthew Whitaker will have a different policy than Sessions, who was considered tough on marijuana: Sessions’s departure has translated into […]