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December 22, 2018
The dow and the s&p now on track for their worst december since the great depression and their work yearly performance in a decade. this week, the selling began in earnest on wednesday when the federal reserve raised interest rates. investors got really nervous that the central bank was weaning this economy off of easy money. look, weve had historically low interest rates now for over ten years and thats helped to boost the economy. when interest rates are low, consumers are more incentivized to...
December 22, 2018
Investors were nervous theyre weaning the economy off easy money. we had historically low rates for ten years. that helped boost the economy. when interest rates are low, consumers are more incentivized to buy houses and cars, and of course stocks. rising interest rates might have the opposite impact. thats what spooked wall street. add to that the fed chairman jerome powell disappointed investors making it sound like interest hikes are baked in for 2019, and that sent markets lower. adding to n...
August 6, 2012
happening now in the newsroom. picture of the morning, color curiosity red. successfully landing overnight to cheers, hugs and tears. nasa erupting with pride this morning. an amazing feat and an amazing view. deadly strike at nascar. lightning killing one and injuring nine others. severe storms forcing 85,000 fans to run for cover. startling new images from space showing just how much pollution crosses the pacific into america. nearly half of all the smoke and dust and ash and pol...