China is taking a one-two punch to the gut as the nation’s previously high-flying economy begins to weaken. First, the stock market there is suddenly collapsing after a major boom. Then just as things are looking bad, the auto industry posted its first sales drop in over two years.According to Bloomberg, citing figures from the China Passenger Car Association, vehicles […]
E-pocalypse now: Airline, stock exchange hit by computer glitchesPublished time: July 08, 2015 23:56Get short URLReuters / Chip EastTagsHacking, Information Technology, Modernization, Politics, Security, USAUnited Airlines was writing boarding passes by hand before stopping all flights for three hours. Then the New York Stock Exchange halted all trades, citing a mysterious “technical glitch.” It wasn’t a cyberattack, US officials said […]
Chinese authorities are scrambling to assuage the fears of panicking investors who have seen their stock holdings plummet in recent weeks, with the country’s markets losing about a third of their value in the last month.Shanghai’s composite index fell nearly 6 percent on Wednesday alone. Shortly after opening, markets across China fell so quickly that trading in more than half […]
The New York Stock Exchange halted trading for 3 1/2 hours because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.The suspension, lasting from 11:32 a.m. to just after 3 p.m. New York time, dropped the largest U.S. share platform out of the network of trading systems […]
SHANGHAI — China’s tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of “panic sentiment” gripping investors.Beijing, which has struggled for more than a week to bend the market to its will, unveiled yet another battery of measures to […]
Technical glitches this morning are raising homeland security concerns. Though it is not yet clear if the events are related, two separate technical incidents have led to problems in the computer systems that control stock market trading on the NYSE and automation on airlines owned by United.At 11:30 AM Eastern time the New York Stock Exchange (NYSE) halted trading after reports that […]
Wednesday was a rough day for tech: One of the nation’s biggest airlines, its oldest stock exchange and its most prominent business newspaper all suffered technology problems that upended service.After the New York Stock Exchange halted trading, the seriousness of the disruptions led President Barack Obama into a briefing session with his homeland security adviser, Lisa Monaco, and Chief of […]
Stock information listed on a mobile phone in Shenyang, north-east China. Photograph: Yang Qing/Xinhua Press/Corbis
What is happening in China?Stock markets in China are tumbling. A three-week plunge has knocked about 30% off Chinese shares since mid-June. China’s securities regulator has warned of “panic sentiment” gripping investors, many of whom are individuals that have borrowed heavily to play the stock market.Hundreds […]
It has been quite a day for tech problems. Trading on the New York Stock Exchange was halted due to a “technical issue” at around 11:30 AM ET this morning. On its status page, the NYSE posted that all trading had been suspended and any open orders would be cancelled — with a more detailed explanation to follow. A NYSE […]
Traders work on the floor of the New York stock exchange at the start of the trading day on Wednesday. Photograph: Justin Lane/EPA
The New York stock exchange halted trading in all securities on Wednesday morning after a “major technical issue”.Related: New York Stock Exchange shut down over ‘technical issue’ – live updates
The exchange posted the news on its website and […]
