Dow Drops Over 800 Points; S&P 500 Falls Into Bear-Market Territory:

The stock-market selloff deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday’s red-hot inflation data and liked it even less. Faced with rising chances of aggressive monetary tightening by the Federal Reserve, investors broadly unloaded risk. The S&P 500 slumped 3.9% as 495 of its 500 components … Read more

The clock is running out for Congress to pass Big Tech antitrust bills this year:

Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later – amid feverish lobbying efforts by Apple … Read more

Wall Street Is So Terrified, Stocks Might Be Ready to Rise:

Federal Reserve Chair Jerome Powell: Tom Williams-Pool / Getty Images: Text size: To paraphrase Monty Python, the stock market isn’t dead quite yet. Sure, it feels like the: S&P 500: has nowhere to go but down. The index dropped 4.9% last month, its worst April since 1970, and sentiment toward stocks remains terrible, with only … Read more