Longtime Stock Trader Says Record Drop Could Be Result Of Positive Economic News
NPR's Ari Shapiro speaks with Ted Weisberg, president of Seaport Securities about Monday's record stock point drop.
Business
Stocks Take Big Hit As Dow Falls 1,175 Points
The stock markets went through a whipsaw trading session on Monday, punctured by bouts of panic. At one point, the Dow fell as much as 1,579 points, the largest intraday-point drop in the history of the index.
Dow Plunges 1,175, The Biggest Point Drop In History
The stock market continued to lose ground Monday after Friday's steep drop, with the Dow Jones industrial average down nearly 1,200 points — its worst single-day drop.
Doritos, For Her
Men and women eat chips differently, says PepsiCo CEO Indra Nooyi, and her company is working on a version of Doritos specifically for women — designed to be low-crunch and to fit in a purse.
Wells Fargo's Corset
The Federal Reserve just told Wells Fargo it can't grow. On today's show: Why that's a big deal for Wells Fargo, and for other big banks.
Samsung's Lee Jae-Yong Walks Free After Court Reduces Bribery Sentence
The scandal, in which Lee was sentenced to five years in jail only last August, brought down the government of President Park Geun-hye.
Super Bowl Ads 2018: The Best, The Weirdest And The Most Complicated
Advertisers were careful about which messages they showcased this year, and the results felt handcuffed — so cautious that they were just, well, disappointing.
Hasbro Announces 'Monopoly' For Cheaters
Apparently so many people cheat, Hasbro decided to make a version of the game where you get rewarded for doing bad stuff like moving another player's token or stealing money from the bank.
Lloyds Says It Will Block Bitcoin Purchases On Its Credit Cards
The largest British bank becomes the first to impose such a ban. Reports suggest that Lloyds fears that it could end up with unpaid debt if the cryptocurrency falls further.
Fed Hits Wells Fargo With Penalty For 'Widespread Consumer Abuses'
At issue are abuses committed in a massive consumer banking scandal, when millions of Wells Fargo customers were given checking accounts and credit cards they never asked for.