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Stock Markets Tank After Bond Yields Flash Ominous Recession Warning
  • Stocks plunged Wednesday after a major economic indicator signaled a recession could be on the horizon. The spread between the 2-year and 10-year Treasury yields flipped for the first time since 2007, with the 2-year moving higher than the benchmark 10-year.
  • By the closing bell, the Dow Jones average was down 800.49 points or 3.05 percent, and the tech-heavy Nasdaq had given up 242.42 points, a loss of 3.02 percent.
  • As the market continued its slide during the afternoon, President Donald Trump was quick to lay blame on the Federal Reserve, especially Chairman Jerome Powell, while seeming to minimize the role of the trade war with China and the inverted yield curve.

TOP STORIES
WeWork Parent Company's Financials Raise Concerns in IPO Filing

The We Company, parent company of WeWork, officially shared details into its plan to go public with the release of its S-1 filing on Wednesday, but some of the key numbers have raised questions.

ViacomCBS a Good Plan But Will It Make an Impact in Streaming Wars?

While the long-awaited merger of the media giants will allow the combined companies to produce more content and revenue, the jury is still out on whether or not ViacomCBS will be able to compete with other streaming behemoths.

Red Lobster CEO Says Company Embraces Privatization and Finds Big Wins
Five years after Red Lobster was sold by Darden Restaurants for $2.1 billion, the company is reporting rapid growth in delivery, positive same-store sales, and is exploring a range of new concepts to modernize the brand. “The benefit of being a private company is instead of managing quarter-to-quarter, you get to build for the future,” CEO Kim Lopdrup said.
 
Yield Curve?
The yield curve inverted. Cheddar's Nora Ali explains what that means and why you should care.
 
FEATURED HEADLINES
'WE WILL PERFORM BETTER,' HONG KONG PROTESTORS SAY
Protesters in Hong Kong apologized for the disruption at the city’s airport this week that caused hundreds of flights to be canceled. "For the sake of the youngsters’ pursuit of freedom, democracy and human rights, please understand our difficulties," demonstrators said. More from the South China Morning Post
THE SPECTATOR'S PRINT EDITION CROSSES THE POND
"The American media landscape was missing something," The Spectator said when it launched a U.S. news website in 2018. Now, the British publication, which is the world’s oldest weekly English-language magazine, is launching a print version for U.S. readers. More from Axios.  
OVERCOMING DIFFERENCES, NFL AND JAY-Z INK DEAL 
Jay-Z’s entertainment company, Roc Nation, will lead the NFL's endeavors in music and entertainment, the organizations announced this week. The deal come following years of Jay-Z criticizing the league for its stances on social justice issues. More from ESPN
 
 






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