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Goldman Sachs says the falling stock market has super rich people spending less on yachts, jewellery and private jets
"Equity price moves do have a meaningful effect on the spending of wealthy households," Goldman Sachs economist Daan Struyven says.
PG&E shares plummet after flagging bankruptcy plan and possible $30 billion in liabilities from California fire fallout
PG&E's CEO resigned Sunday, and the company on Monday confirmed its plans to file for chapter 11 bankruptcy.
Singapore-based investors who trade in the US markets (but who would rather have regular sleeping hours) can now trade securities on US markets 24 hours a day, 5 days a week.
The Chinese manufacturing data "signals contraction for the first time in over a year and a half." Global stocks are tumbling on fears of a slowdown.
Global equities took a hit Wednesday as trade-war jitters gripped financial markets. The Nasdaq and the S&P 500 tumbled more than 3.2% each Tuesday.
Stocks sunk in premarket trading Friday after disappointing earnings from Amazon, Google, and Snap weighed on an already gloomy sentiment in markets