WikimediaA software release caused the glitch.A software release caused the blackout at the New York Stock Exchange on Wednesday.According to an update on the NYSE’s website on Thursday, the exchange started rolling out a software release ahead of a scheduled industry test on Saturday.It noted that gateways for customers were updated with the right software at the market open on […]
REUTERS/Bobby YipDespite bouncing back today, Chinese stock markets have been in crisis and banks are warning that if efforts to put a floor under the market don’t stick then the turmoil could get as bad as the US crash in 2008 and the debt crisis in Europe in 2012.The main Shanghai Composite collapsed over 30% in the last month, despite repeated attempts by the government to […]
REUTERS/Lucas Jackson Traders, governors, and members of the New York Stock Exchange discuss what is happening following a halt in trading on the floor of the exchange in New York, July 8, 2015.Trading was halted at the New York Stock Exchange on Wednesday morning.The latest from the NYSE is that all symbols are not trading and all open orders are […]
REUTERS/Lucas JacksonMembers of the New York Stock Exchange attempt to figure out what caused a halt in trading on the floor of the exchange in New York, July 8, 2015.The New York Stock Exchange is open after a 3-hour halt.At 11:32 a.m. ET on Wednesday, trading on the exchange was halted after a technical glitch. “The issue we are experiencing is […]
REUTERS/Laszlo BaloghThe men’s 3m springboard preliminary diving competition at the Beijing 2008 Olympic Games.Chinese stock markets are in complete collapse right now, with the main Shanghai Composite index losing 30% of its value in just the past three weeks. The turmoil is now starting to spread to other Asian markets and global commodities markets.The reason behind the crash is this: […]
DoubleLine Capital”It’s not good.”According to DoubleLine Funds’ Jeff Gundlach, that’s really the only thing you can say about the boom and crash of the Chinese stock market.Even after its 28% crash since its June high, China’s Shanghai Composite Index is still up around 84% from a year ago.Gundlach, who spoke Tuesday during a webcast for DoubleLine Funds’ investors, said that […]
AP ImagesFour members of the House of Morgan stand on a balcony outside the Senate Banking Committee room just before the committee resumed its investigation into the banking institution’s practices, May 31, 1933, in Washington.While attention is focused on Greece, China is having a serious market meltdown.After exploding earlier in the year because of deregulation, China’s benchmark Shanghai Composite has […]
FinVizStocks are rolling over.Near 2:35 pm ET, stocks were at their lowest levels of the day with the Dow down 300, the S&P 500 down 37 points, and the Nasdaq down 104. The Nasdaq was the day’s biggest loser on a percentage basis, falling more than 2%, while the S&P 500 was down about 1.8% and the Dow was off 1.6%. With […]
China’s stocks crashed 3.3% to enter bear market territory. Monday’s loss has the Shanghai Composite down 22% from its June 12 high. Google Finance2015 Shanghai Composite action.Monday’s session was particularly volatile as stocks opened to a gain of 2.5% after the People’s Bank of China cut its key lending rate 25 basis points to 4.85% on Saturday. However, heavy selling developed […]
Jay Yarow
Jun. 25, 2015, 1:45 PM
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REUTERS/Jim YoungObama in 2009.President Barack Obama says he saved the American economy … and its stock market.Obama did a victory lap on comedian Marc Maron’s podcast, WTF, earlier this week, and he said people’s lives are better today than they were four years ago, which is ultimately the goal of any presidency. “I can answer unequivocally, ‘Are […]
