Hong Kong/London (CNN Business)Stock markets plunged around the world Monday after the number of coronavirus cases surged in Italy and South Korea, putting two more from a virus that has already in China.The closed 1,032 points, or 3.6%, lower, marking its worst day in two years, when it closed down more than 1,000 points twice within a week as . On February 5 and again on February 8, 2018, the Dow's percentage drop was more than 4% on both days. Since the index is higher now, on a percentage basis Monday's selloff isn't as dramatic as other drops in the Dow's history.Still, it was only the...…Hong Kong/London (CNN Business)Stock markets plunged around the world Monday after the number of coronavirus cases surged in Italy and South Korea, putting two more from a virus that has already in China.The closed 1,032 points, or 3.6%, lower, marking its worst day in two years, when it closed down more than 1,000 points twice within a week as . On February 5 and again on February 8, 2018, the Dow's percentage drop was more than 4% on both days. Since the index is higher now, on a percentage basis Monday's selloff isn't as dramatic as other drops in the Dow's history.Still, it was only the...WW…

New York (CNN Business)America's CEOs are the most confident they have been in 17 years, as company leaders expect fewer layoffs and further improvements in the business environment, according to a recent survey from the Conference Board, a non-profit think tank. But this sentiment doesn't align with the experience of and as a result of the pandemic.The disconnect is yet more proof of the , in which some Americans are experiencing major improvements while others are still suffering.For example, a recent survey from the University of Michigan showed that households making less than $75,000...…New York (CNN Business)America's CEOs are the most confident they have been in 17 years, as company leaders expect fewer layoffs and further improvements in the business environment, according to a recent survey from the Conference Board, a non-profit think tank. But this sentiment doesn't align with the experience of and as a result of the pandemic.The disconnect is yet more proof of the , in which some Americans are experiencing major improvements while others are still suffering.For example, a recent survey from the University of Michigan showed that households making less than $75,000...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Reddit favorite GameStopisn’t looking so hot this week and some of the stock’s biggest backers are freaking out.After selling off sharply all week, the stock fell another 42% Thursday.“Stop f—ing selling GME,” is the title of a thread on the , home of the that in recent weeks.“We have the advantage. All we have to [do] is buy and hold shares,” wrote one of the users.Robinhood briefly placed restrictions on trades in GameStop last week. Both Citadel the hedge fund and Citadel Securities have both...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Reddit favorite GameStopisn’t looking so hot this week and some of the stock’s biggest backers are freaking out.After selling off sharply all week, the stock fell another 42% Thursday.“Stop f—ing selling GME,” is the title of a thread on the , home of the that in recent weeks.“We have the advantage. All we have to [do] is buy and hold shares,” wrote one of the users.Robinhood briefly placed restrictions on trades in GameStop last week. Both Citadel the hedge fund and Citadel Securities have both...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Lawmakers confirmed Janet Yellen as Treasury secretary on Monday, making her the first woman in American history to hold the position.As head of the Treasury, she’ll be tasked with shepherding President through Congress and overseeing its execution. The plan includes $1,400 stimulus checks, expanded unemployment benefits, and increased funding for Covid-19 vaccinations and testing.During her confirmation , Yellen defended the size and scope of the plan, saying the first priority of the...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Lawmakers confirmed Janet Yellen as Treasury secretary on Monday, making her the first woman in American history to hold the position.As head of the Treasury, she’ll be tasked with shepherding President through Congress and overseeing its execution. The plan includes $1,400 stimulus checks, expanded unemployment benefits, and increased funding for Covid-19 vaccinations and testing.During her confirmation , Yellen defended the size and scope of the plan, saying the first priority of the...WW…

New York (CNN Business)Claims for unemployment benefits fell across most categories in Wednesday's report. Still the job market recovery has stalled while more than 20 million Americans need aid to make ends meet.Another 803,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis.That was a drop off from the but still nearly four times the claims during the same period in 2019, and yet another sign that the US job recovery has run into serious trouble.During normal times, seasonal adjustments help smooth out wobbles in economic data and make it...…New York (CNN Business)Claims for unemployment benefits fell across most categories in Wednesday's report. Still the job market recovery has stalled while more than 20 million Americans need aid to make ends meet.Another 803,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis.That was a drop off from the but still nearly four times the claims during the same period in 2019, and yet another sign that the US job recovery has run into serious trouble.During normal times, seasonal adjustments help smooth out wobbles in economic data and make it...WW…

New York (CNN Business)There's a new in town for investors to trade: .Futures tied to the , which measures the volume-weighted average price of water, began trading under the ticker on the Chicago Mercantile Exchange on Monday.Water has never been traded this way before. Before the futures came along, the buying and selling of water rights, which allow the holder to pump water from the ground or reservoirs, only happened in the spot market. In dry years, when more water is required to grow crops and supply municipalities, it meant that buyers were facing high prices and a lot of...…New York (CNN Business)There's a new in town for investors to trade: .Futures tied to the , which measures the volume-weighted average price of water, began trading under the ticker on the Chicago Mercantile Exchange on Monday.Water has never been traded this way before. Before the futures came along, the buying and selling of water rights, which allow the holder to pump water from the ground or reservoirs, only happened in the spot market. In dry years, when more water is required to grow crops and supply municipalities, it meant that buyers were facing high prices and a lot of...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The Covid-19 pandemic brought the economy to a screeching halt, and while it has started its , the economy we knew is probably a thing of the past, said on Thursday.“We’re recovering, but to a different economy,” Powell said during a virtual panel discussion at the .The pandemic has accelerated existing trends in the economy and society, including the increasing use of technology, and automation, he said. This will have lasting effects on how people live and work.While technological advances are...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The Covid-19 pandemic brought the economy to a screeching halt, and while it has started its , the economy we knew is probably a thing of the past, said on Thursday.“We’re recovering, but to a different economy,” Powell said during a virtual panel discussion at the .The pandemic has accelerated existing trends in the economy and society, including the increasing use of technology, and automation, he said. This will have lasting effects on how people live and work.While technological advances are...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — The left interest rates unchanged at ultra-low levels Thursday, and warned that the Covid-19 pandemic will continue weighing on the economy in the short term.“The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” said the central bank in its .For the months to come, the Fed committed to more asset purchases at least at the current pace of $80 billion...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — The left interest rates unchanged at ultra-low levels Thursday, and warned that the Covid-19 pandemic will continue weighing on the economy in the short term.“The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” said the central bank in its .For the months to come, the Fed committed to more asset purchases at least at the current pace of $80 billion...WW…

New York (CNN Business)It has been a . With only , rising and uncertainty about further government stimulus to help the economy, there's plenty for investors to worry about.Stocks had their worst week since March, when the market tumbled under the first wave of coronavirus infections and lockdowns -- and one of their worst weeks of the year as a whole. All three major indexes also recorded the second straight month of losses.The fell 6.5% on the week while the , the broadest measure of Wall Street, dropped 5.6%. Though we're not back in lockdown mode yet, some European to combat a second...…New York (CNN Business)It has been a . With only , rising and uncertainty about further government stimulus to help the economy, there's plenty for investors to worry about.Stocks had their worst week since March, when the market tumbled under the first wave of coronavirus infections and lockdowns -- and one of their worst weeks of the year as a whole. All three major indexes also recorded the second straight month of losses.The fell 6.5% on the week while the , the broadest measure of Wall Street, dropped 5.6%. Though we're not back in lockdown mode yet, some European to combat a second...WW…

Hong Kong/London/London/New York (CNN Business)The Dow and the US stock market staged a rebound Friday, following massive losses in the prior session.Stocks attempted to recover following the on Thursday. Though the rally lost some steam in the afternoon -- with stocks even briefly turning red -- the major indexes ended the day higher.See what's driving markets nowThe closed up 477 points, or 1.9%, after having risen more than 800 points in the morning. The ended up 1.3%, and the finished 1% higher. as fears about an increase in cases and a forced investors to confront risks that had been...…Hong Kong/London/London/New York (CNN Business)The Dow and the US stock market staged a rebound Friday, following massive losses in the prior session.Stocks attempted to recover following the on Thursday. Though the rally lost some steam in the afternoon -- with stocks even briefly turning red -- the major indexes ended the day higher.See what's driving markets nowThe closed up 477 points, or 1.9%, after having risen more than 800 points in the morning. The ended up 1.3%, and the finished 1% higher. as fears about an increase in cases and a forced investors to confront risks that had been...WW…