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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 is being engulfed by problems relating to the California fires.

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.

Trade around the clock

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.
Weak data out of China has sparked a global stock selloff.

New year, new bloodbath: Stocks plunge after weak data from China

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 stocks drop after Trump trade-war jitters spark US bloodbath

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.
Dive! Submarine commander Sean Connery in The Hunt for Red October.

RED OCTOBER: Amazon, Google, and Snap are plunging and taking global stocks down with them

Stocks sunk in premarket trading Friday after disappointing earnings from Amazon, Google, and Snap weighed on an already gloomy sentiment in markets