Black Monday: Stock markets plummet on coronavirus fears and oil price war

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At the time of this writing Apple, Amazon, Google, and Facebook are all down 7% in massive market selloff. Global stock markets are plunging as the threat from the coronavirus continues to spread across the world. Stock markets in Europe and Asia plunged ahead of markets opening in America. And when those U.S. markets opened, things were no different on this side of the Atlantic. Read Full Story

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The 8 richest Americans just made $6.2 billion in a single day

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Amid the coronavirus pandemic, more than 33 million Americans have lost their jobs, but the stock market’s latest boom is creating a lot of wealth for people at the top. Unemployment in the United States is now at a record high as the coronavirus pandemic continues. At the same time, the stock market is up from its lows at the start of the crisis, and so people who own a lot of stock are feeling the opposite effect: They’re making a lot of money. In just one day, the eight richest men in America have seen their wealth increase by a combined $6.2 billion, for a total of $653.8 billion. Read Full Story

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Stock market meltdown: How to track the volatility in near real time for free

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As ripple effects from COVID-19 continue, global stock markets are crashing, but the volatility can’t all be blamed on the coronavirus. The markets are crashing. If you’re interested in keeping track of the carnage in real time, the best way to do that is on a well-curated dashboard. Most dashboards are either a maze of tiny numbers or require subscriptions. Here’s how to watch for free. Read Full Story

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Trading platform Robinhood suffers another outage–on one of the most volatile days the stock market has seen

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Markets are crashing on coronavirus fears, but Robinhood users are unable to trade stocks due to another outage. Robinhood, the app-based trading platform popular with first-time investors, is currently suffering an outage resulting in users unable to make trades. Robinhood itself confirmed the outage in a tweet admitting “trading is currently down.” Read Full Story

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Why an empty floor at the New York Stock Exchange will have little impact on trading

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The closure is visually dramatic but is expected to have little to no impact on the $28 trillion stock market. At 9:30 a.m. this morning, the opening bell rang in another day of trading at the New York Stock Exchange. But unlike every other trading day in the exchange’s 228-year history, its iconic trading floor—which typically houses hundreds of brokers, crowding around computer screens, yelling, and juggling phone calls—was a ghost town. Read Full Story

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After Trump’s confusing Europe travel ban, stock markets are in for another wild ride

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Stock markets around the world have fallen as much as 8% on Thursday, and the worst could be yet to come. Last night President Trump shocked the public when he announced a 30-day travel ban to and from America from most European countries due to the coronavirus spreading across the world. Despite initially stating the ban was also on goods to and from Europe, Trump later clarified it was only on people. These are the major terms of the ban: Read Full Story

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As Elon Musk shouts into the void, Tesla stock soars with first-quarter earnings and revenue beat

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Here’s our first look at Tesla’s bottom line since the coronavirus outbreak was declared a pandemic. Tesla reported its first-quarter earnings today, beating analysts’ expectations with $5.99 billion in revenue and earnings of $1.24 per share. The report marks our first close-up look at the electric carmaker’s finances since the coronavirus pandemic upended much of daily life here on Earth. Tesla’s stock price was trading up by 4% today before the market closed, and it shot up from there. It was up more than 9% in after-hours trading. Read Full Story

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