Investors ditch market risk as stocks fall into correction
Fears of a sustained global economic impact as the coronavirus rapidly spreads beyond China have sent investors scrambling to find safety less than 10 days...
SEC orders Wells Fargo pay $35 million for recommendations of high-risk products
The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to...
Bed Bath & Beyond to cut about 500 jobs; expects about $26 million charge
Bed Bath & Beyond Inc would cut about 500 jobs, including management positions, as part of a restructuring program to turn around its business, the...
U.S. SEC orders Wells Fargo pay $35 million for recommendations of high-risk products
The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay $35 million to settle charges it failed...
Tellurian stock falls after company extends U.S. LNG sale negotiations with Petronet
Tellurian Inc stock dropped on Thursday after the company said it extended the amount of time India’s Petronet LNG Ltd had to finalize an agreement...
Beyond Meat triples sales but shares fall after profit miss
Beyond Meat Inc said on Thursday that fourth-quarter sales tripled, but shares fell 7% in after-hours trading as the company missed earnings expectations and announced...
Dow suffers record decline in points as Wall Street leads global stocks lower
The Dow industrials posted the largest-ever points drop on Thursday as Wall Street led stocks across the globe lower, with traders fretting over the economic...
Pandemic fears send investors running as Wall Street confirms correction
Wall Street’s main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as the rapid...
FCC to propose $200 million fines for U.S. cellphone carriers over consumer data disclosures
The U.S. Federal Communications Commission is set to propose fining four major U.S. mobile phone companies at least $200 million in total for improperly disclosing...
Occidental posts quarterly loss on impairment, charges
Occidental Petroleum Corp reported a quarterly loss on Thursday, as it took more than $1.7 billion in impairment and other charges....