Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Two words from Federal Reserve Chairman Jerome Powell and one tweet from President Donald Trump turned the market upside down rapidly this week. Some traders saw it coming and are ready to reap big money as the sell-off gains steam.
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File photo of an ITT Technical Institute campus in Anaheim, California. Susan Goldman | Bloomberg | Getty Images When Morgan Marler’s 5-year-old daughter, Lilian, asks her why she doesn’t work anymore, Marler doesn’t know what to say. “I can’t explain debt to her,” Marler, 29, said. “And how I went to school and it was
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected
Traders work on the floor of the New York Stock Exchange. Getty Images Check out the companies making headlines midday Friday: Pinterest — Pinterest’s stock soared more than 20% after the social media company topped estimates for its second quarter revenues and surpassed 300 million monthly active users. The company reported $261 million in revenue
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell.