A gauge of stocks worldwide hurtled toward an eighth straight decline on Monday as investors ignored the U.S. Treasury secretary’s actions to reinforce confidence in the economy and President Donald Trump criticized the Federal Reserve as “the only problem our economy has.”
President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials discussed a rout in stock markets caused in part by the president’s feud with the central bank.
U.S. regulators assured Treasury Secretary Steven Mnuchin that nothing is out of the ordinary in the financial markets, Bloomberg reported on Monday citing a source familiar with the matter.
The Trump administration is arranging a phone call on Monday with top regulators to discuss financial markets amid a rout on Wall Street.
U.S. President Donald Trump blasted America’s independent central bank on Monday, describing the Federal Reserve as the only problem had by the country’s economy.
The Trump administration is arranging a phone call on Monday with top U.S. regulators to discuss financial markets as stocks fell again amid concern about slowing growth, the government shutdown and the independence of the Federal Reserve, the Treasury Department said.
Technology stocks led a broad selloff on Wall Street on Monday, as the U.S. government shutdown threatens to spill into the next year and the White House moves into fire-fighting mode amid what is already the S&P 500’s worst December since the Great Depression.
Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy.
U.S. stocks fell at open in a shortened session on Monday, with investors digesting a raft of news from Washington over the weekend amid the benchmark S&P 500’s worst December since the Great Depression.
Wall Street was set to open lower in a shortened session on Monday, with investors digesting a slew of news from White House over the weekend amid the benchmark S&P 500’s worst December since the Great Depression.
Oil fell on Monday, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy.
U.S. stock futures fell on Monday, giving up slim gains from earlier as volumes picked up, with investors digesting a slew of news from Washington over the weekend amid the benchmark S&P 500’s worst December since the Great Depression.
Regional lender Cadence Bancorp said on Monday it will offer 4.3 million additional shares to buy State Bank Financial Corp in a deal valued at $849 million, well below the $1.4 billion it offered in May.
Norwegian Air announced a $230 million cost savings program on Monday along with steps including the refinancing of one Boeing 787 Dreamliner that the budget airline said would generate more than $30 million in liquidity.
Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about the outlook for demand tempered gains.
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