With U.S. equities down 24% and foreign shares off 33% from their October peak, you probably think Wall Street is broken.
It's not. In fact, dramatic downturns are actually a sign the market is working. Let me explain.
Gap profits higher than expected
American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.
Stocks set to extend losses
U.S. stocks were poised to extend losses Thursday, a day after a rout on Wall Street sent the blue-chip Dow average below 8,000 for the first time...
US shares plunge to five-year low
Wall Street plunges more than 5% on Wednesday to its lowest level in over five years on rising economic worries.
Worried on Wall Street
U.S. stock futures fell Wednesday, as investors anticipated another round of grim economic reports and remained nervous about the outlook for a...
Citigroup to cut more than 50,000 jobs
Citigroup said Monday it planned to cut more than 50,000 jobs, the latest move by the struggling bank to cut costs in order to weather the credit...
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