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Global stock markets plunged on Monday after China reported that its economy grew more slowly in the first quarter — setting off a drop of more than 250 points in the Dow Jones index for the worst trading day of the year.
Global stock markets plunged Monday after China reported that its economy grew more slowly in the first quarter setting off a drop of more than 250 points in the Dow Jones index for the worst trading day of the year.
Oppenheimer Funds agreed to pay more than $35 million to settle government charges that it misled investors who invested in two of its bond funds.
It's not making headlines, but this year's unusually mild weather and low home-heating costs substantially offset the pinch from fast-rising gasoline prices and underpinned the revival of consumer spending.
Stocks edged between small gains and losses Friday afternoon as traders scrutinized a plan to contain Europe's debt crisis that sent the market soaring a day earlier.