Tech Stocks Lead Market Lower

“Facebook’s parent company shed more than $230 billion in market value Thursday, a one-day loss that is the biggest ever for a U.S. company and increases pressure on a stock market long powered by technology shares.” “Meta Platforms Inc. FB -26.39% (formerly known as Facebook Inc.) gave a disappointing financial forecast, helping the major indexes snap a four-session winningContinue reading “Tech Stocks Lead Market Lower”

Fed Official’s Shady Stock Deal

“Mr. Clarida previously came under fire for buying shares on Feb. 27 in an investment fund that holds stocks — one day before the Fed chair, Jerome H. Powell, announcedthat the central bank stood ready to help the economy as the pandemic set in. The transaction drew an outcry from lawmakers and watchdog groups because it put Mr.Continue reading “Fed Official’s Shady Stock Deal”