stocks

Asian shares have fallen as a reality check sets in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.

The usual buy-and-sell took a back seat to wild price swings, powered by social media. A group of traders on Reddit talked up video game retailer GameStop leading to massive buying of shares on social sites like Robin Hood. Scott Budman reports.

With the sharp move higher in interest rates, markets have been on the lookout for inflation creeping up.

Synchrony CEO Margaret Keane will step down after nearly a decade of running the co-branded card lender.

About 500,000 jobs were lost in December in businesses most impacted by the pandemic, but there were encouraging gains in other areas.

December’s job growth likely slowed from November’s pace and could even be negative, as businesses responded to the spreading virus.

The Dow Jones Industrial Average and S&P 500 rose to all-time highs on Wednesday, with traders cheering the prospects of additional fiscal stimulus.

The benchmark rate breached the key psychological level amid the Senate runoff races in Georgia.

Billionaire Carl Icahn told CNBC that “wild rallies” always end in the same dramatic fashion.

Take a look at the stocks making headlines in midday trading.

Xi’an, home to the Terracotta Warriors, posted the fastest growth in the first three quarters of this year among China’s largest cities.

The bull market will be ready to run into 2021 but probably at a slower pace.

Tesla stock is too expensive and in bubble territory, according to Vitali Kalesnik, head of research in Europe at Research Affiliates. 

Tesla had a wild trading day on Friday, with more than four times the usual volume.

The Georgia Senate runoff election is a wild card for markets, and it coul impact markets and the economy.

As bitcoin soars to new highs, the largest cryptocurrency exchange announced its intention to go public.

Robinhood agreed to pay a $65 million civil penalty, without admitting or denying SEC’s findings.

The central bank now expects real gross domestic product to fall just 2.4% in 2020, compared to the decline of 3.7% predicted in September.

Massachusetts Secretary of the Commonwealth William Galvin accuses Robinhood of predatory practices on inexperienced investors.

The complaint accuses Robinhood of using “aggressive tactics to attract inexperienced investors” and “gamification strategies to manipulate customers.”