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Stocks have yet to bottom and could fall another 23% this year amid slowing growth, Morgan Stanley says
Reuters / Brendan McDermid Stocks have yet to bottom and will see more downside later this year, Morgan Stanley said. In the best-case scenario, the bank predicted that the S&P 500 would fall to 3,400 by year-end, and in the event of a recession, it would fall to 3,000. But Morgan Stanley also expects the […]
Slowness is in the eye of the beholder
Pfizer is seeking a new round of growth by treating cancer and is among the big pharmaceutical companies trying to expand in oncology.
The Dow Jones Industrial Average fell more than 300 points, for its first decline in five sessions, as concerns over trade and global growth resurfaced.
(video link) If there’s one person outside of government who has stood against Facebook’s crashing wave, it’s Ashkan Soltani. Late last year, the independent privacy researcher was suddenly called to speak before the UK Parliament about Facebook’s privacy practices, simply because he happened to be in London and, in his own words, “was just a […]
America’s economy is being pulled in many directions
U.S. stocks slumped with the Dow industrials falling more than 500 points as investors looked ahead to this week’s Federal Reserve meeting amid mounting signs of slowing economic growth around the world.
Investors’ retreat from U.S. stocks turned into a stampede Friday, with major indexes suffering declines of more than 4% for the week that made it the worst December start since 2008. The Dow fell more than 550 points amid trade-related tensions.
REUTERS/Kevin Coombs Morgan Stanley says weaker growth looks set in for the long haul once the UK formally leaves the EU. The average quarterly growth rate since the third quarter of 2016 was about 0.4%, which looks set to continue until at least the fourth quarter of 2020, economists at the bank said. In the […]