Dow Jones Industrial Average (DJIA) futures climbed higher in early trading Wednesday pointing to a strong stock market open. But investors have seemingly turned a blind eye to the red warning light at General Electric this week. The company froze its pension plan for 20,000 US employees in a bid to reduce its epic $22…
When DoorDash announced changes in its tipping model last month, it was certainly a step in the right direction. Some workers, however, have said it’s not enough. In addition to wanting fair wages, they want back pay. In light of DoorDash’s announcement, labor group Working Washington said a key question remained: “Will they pay workers…
Since July 23, in just over a month, the Dow Jones has fallen by nearly six percent from 27,349 points to 25,777 points, leaving investors with lingering doubts about a potential recession. The Dow Jones has dropped by nearly six percent since late July. | Source: Yahoo FinanceLast month, Gita Gopinath, the chief economist at…
Despite doom and gloom and the dismal performance of the stock market this week, economist Mohamed El-Erian calls recession fears “silly.” | Source: REUTERS / Shannon StapletonBy CCN Markets: Investors are getting a bit of a reprieve today as the stock market recaptures some of yesterday’s massive losses in what was a brutal day on…
