The New York Stock Exchange suspended trading shortly after opening today as markets fell hard and fast over the European travel ban announced last night by President Donald Trump. The Dow Jones fell 1700 points (7%), a drop matched by the S&P 500 and NASDAQ indexes.
US stocks sold off sharply for the second straight day after President Donald Trump banned European travel to the United States. Wall Street investors are worried about the scale of the coronavirus pandemic and its economic consequences. …
Trading is halted for 15 minutes when when the index hits first two circuit breakers: a drop of 7% and again when it falls 13%. A circuit breaker can be triggered only once per day, so if the S&P drops 7% upon the re-open, the market doesn’t close again.
If the index falls 20%, trading is suspended for the rest of the day.
Trump announced the 30-day ban on travel from Europe in a televised address to the nation as a response to the coronavirus pandemic, but he seems to have been confused on some of the details and exemptions as described in the formal announcement. Chaos reigns.
They told the public everything would be okay with the virus outbreak. Then they privately dumped stocks. Over the past 24 hours, news has spread that various U.S. lawmakers received advance private briefings about the severity of an oncoming coronavirus/COVID-19 pandemic — then, they sold stocks before the public knew how bad it would get, […]
Republican Senator dumped ~$1.5m in stock before crash, while reassuring public that coronavirus was no big deal.
Sen. Richard Burr (R-N.C), reassured the public that America was prepared to fend off coronavirus. But being privy to decidedly non-public briefings, he knew otherwise, and sold off $1.5m in stocks before the markets crashed. Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the […]
Impeached United States President Donald J. Trump said something awful again today that would end any other man’s presidency in any timeline but this hellscape we’re in.
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If you’ve recently faced a major shift in where you work — as in, from an actual office to your home — you’re probably in need of a little assistance to help you navigate that transition more smoothly. Or, maybe you’ve always worked from home, and now the rest of the world is catching up […]
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