Ark Invest's Cathie Wood said Tuesday the U.S. economy will start deteriorating as the Federal Reserve's aggressive tightening goes on.

U.S. stocks dipped Tuesday as the major averages struggled to recover from three days of heavy selling that brought the S&P 500 to its lowest level in more than a year. The Dow Jones Industrial Average was last down more than 110 points, or 0.35%

Benzinga Why Illumina Shares Are Plunging Today? A jury in the U.S. District Court for the District of Delaware rendered a verdict that Illumina Inc (NASDAQ: ILMN) willfully infringed the U.S. Patent Nos. 9,222,132 and 10,662,473 owned by Complete Genomics Inc. The jury awarded approximately $334 million

“What just happened?” Plenty of punch-drunk investors are asking themselves that question after Monday’s market carnage. For one thing, the end of the 13-year bull market has been confirmed. The Nasdaq crossed into bear territory in late April: For another, the Federal Reserve’s hawkish turn has caused bond

In this article SOFI Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Shares of SoFi fell sharply on Tuesday and were halted after the company accidentally released its first-quarter results early. The company said the report, which was

President Joe Biden said he could drop some of the tariffs imposed against Chinese imports to help control rising consumer prices in the U.S. -- just as Wall Street braces for another inflation report north of 8%. The White House is reviewing the penalties imposed under

Christopher Waller, U.S. President Donald Trump's nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting

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Before the Federal Reserve’s creation in 1913, bank runs in the U.S. occurred every five to seven years. They happened so frequently that it was like the national pastime before we invented baseball. In the 19th century, Americans would rush to the bank to retrieve their cash,

FIFA22 game boxes are seen at a store in Krakow, Poland on December 30, 2021. Jakub Porzycki | Nurphoto | Getty Images The FIFA video game will be disappearing after the maker failed to strike a new licensing deal with world soccer's governing body. Instead, EA Sports FC