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10 News @ 5:30

Watch 10 News for the latest local, statewide and national news, as well as the forecast from Your Local Weather Authority.

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STOCK MARKET


The stock market is in bear territory. What does that mean?

The loosely defined investing benchmark has tremendous psychological weight and can make a real difference in a consumer’s financial plans.

washingtonpost.com

Wild rollercoaster continues on Wall Street

The DOW closed down 66 points Tuesday, after being down more than 800 that morning.

Will President Trump’s COVID-19 diagnosis impact stock market? Expert says no

SALEM, Va. – An economics expert from Roanoke College said that President Trump’s COVID-19 diagnosis likely won’t impact the stock market unless his health takes a turn for the worse. Dr. Alice Kassens, the John S. Shannon Professor of Economics at Roanoke College, said the stock market typically only takes a hit when there is uncertainty. Since Trump has reported experiencing mild symptoms, Kassens doesn’t think there will be a downturn. “If he’s still operating pretty much as normal, it’s not really going to impact the runnings of the nation. Kassens added that the stock market has made a surprising and strong recovery since the beginning of the pandemic.

Senate passes short-term funding bill to dodge government shutdown

Here's everything WeWork's new co-CEOs are trying to sell since...Just two days after Adam Neumann's exit at WeWork, the company's new CEOs are taking significant steps to trim the fat in the hopes that it will help it get back on track for...Technologyread more

cnbc.com

CDC says vaping lung cases surge 52% in the last week to 805 with at least 12 deaths

"Most patients have reported a history of using e-cigarette products containing THC. The increase in cases from last week represents new cases and recent reporting of previously identified cases. The disease is impacting mostly men, and all reported cases have a history of e-cigarette or vaping use, health officials said. Public health officials, in the meantime, are urging consumers not to use e-cigarettes or other vaping products. The CDC also recommends not using vaping products off the street and not adding substances to products that are not intended by the manufacturer.

cnbc.com

GM reinstates health insurance for striking UAW members

The automaker cut health-care coverage for union members last week, moving them to more expensive, temporary COBRA plans on Sept. 16, the first day of the strike. GM said it was reinstating the coverage after realizing its change caused "significant confusion" among employees, according to a letter received by the UAW on Thursday. Some employees were unsure whether they had health benefits at all, according to interviews with workers and other media reports. "GM is very concerned about the significant confusion caused around our employee's health care coverage," Scott Sandefur, GM North America vice president of labor relations, wrote in the letter to UAW Vice President Terry Dittes. It's unclear how much, if any, the reinstatement of the health-care benefits will impact negotiations, which Wednesday progressed to the "Main Table" of top-level negotiators.

cnbc.com

Exxon Mobil to sell some of its Norway assets for $4.5 billion

WeWork's Neumann voted to oust himself as CEO after failed IPO,... When WeWork's directors voted on Tuesday to oust Adam Neumann as chief executive after a failed attempt to take the office-sharing startup public, Neumann cast his vote...Technologyread more

cnbc.com

Pompeo says Syrian government used chlorine in May chemical weapon attack

In this Monday, April 16, 2018 file photo, people stand in front of damaged buildings, in the town of Douma, the site of a suspected chemical weapons attack, near Damascus, Syria. U.S. Secretary of State Mike Pompeo said on Thursday that the United States concluded the government of President Bashar al-Assad in Syria used chlorine as a chemical weapon in an attack in May during a battle with insurgents in Idlib. "Today I am announcing that the United States has concluded that the Assad regime used chlorine as a chemical weapon on May 19," Pompeo said. The Trump administration has twice bombed Syria over Assad's suspected use of chemical weapons in April 2017 and April 2018. "This is different in some sense because it was chlorine... but know that President Trump has been pretty vigorous in protecting the world from the use of chemical weapons," Pompeo said, said declining to say what the U.S. response could be.

cnbc.com

Hypersonic weapons are the center of a new arms race between China, the US and Russia

Why the US has been slow to adopt electric busesChina is leading the world in electric vehicle adoption, with almost all city buses run on electric batteries. The U.S. has been slow to catch on, with only 300 electric buses...Technologyread more

cnbc.com
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Low oil prices fuel stock market plummet

It's a brutal trading day on Wall Street after the Dow dropped nearly 500 points, fueled by falling oil prices. CBS News correspondent Marlie Hall was on the floor of the New York Stock Exchange and joined CBSN with more details, as well as insight from a trader.

cbsnews.com

Is the stock market ripe for a fall?

Is the stock market ripe for a fall? Although stocks remain frisky, some experts think financial markets are overdue for a correction. CBS MoneyWatch contributor Anthony Mirhaydari assesses the greatest risks facing investors.

cbsnews.com

Who are the victims of a rigged stock market?

The U.S. stock market is rigged by some of the biggest financial players out there, says author Michael Lewis. Watch Steve Kroft's full report "Rigged."

cbsnews.com
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