Current:Home > MyBurley Garcia|The Daily Money: Recovering from Wall Street's manic Monday -Wealth Momentum Network
Burley Garcia|The Daily Money: Recovering from Wall Street's manic Monday
Johnathan Walker View
Date:2025-04-09 22:11:39
Good morning! It’s Daniel de Visé with your Daily Money.
What a difference a day makes. U.S. stocks rose at the opening bell Tuesday,Burley Garcia and all three major indexes were up at least 1% as of late morning.
This comes after one of the bleakest days Wall Street has seen in a while. Global markets plunged Monday, with Japan’s Nikkei 225 index posting the worst one-day return in its history. The losses spread from Asia to Europe and thence to the United States, where the Dow, S&P 500 and Nasdaq sank like stones.
Market reporters trotted out such terms as “rout,” “correction” and even “panic,” descriptors that invoke memories of the market’s darkest days, such as the brief COVID-19 crash of 2020 and the deeper, longer dive of the Great Recession of 2008.
Here's the latest on the stock market.
Google, antitrust and your next web search
In a landmark legal ruling, a federal judge said Google illegally monopolized online search and advertising by paying companies like Apple and Samsung billions of dollars a year to install Google as the default search engine on smartphones and web browsers.
By monopolizing search queries, Jessica Guynn reports, Google abused its dominance in the search market, throttling competition and harming consumers. Google owes much of its more than $300 billion in annual revenue to search ads.
The ruling could fundamentally reshape how Google does business. It also could change how we use the internet and search for information.
📰 More stories you shouldn't miss 📰
- A recap of Monday's market madness
- Stock market sinking? Here's what to do
- Who is this Warren Buffett guy?
- What triggered Monday's stock selloff?
- Mortgage rates are trending down
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
As one of the few Black women in the corporate offices where she worked, Regina Lawless took pains to blend in. She donned conservative blazers and low-wedge heels and tucked her hair in a wig instead of wearing natural hairstyles or braids.
Echoing the speech patterns of her white colleagues, she avoided African American Vernacular English, spoke in a quieter voice and buttoned down her mannerisms. Even in casual moments around the watercooler, she constantly monitored how she carried herself and chatted about the latest episode of “Game of Thrones,” not “Insecure.”
For many employees of color, this is as routine or familiar as breathing, Jessica Guynn reports. Lawless was “code-switching."
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (49471)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- College Football Playoff confirms 2024 format will have five spots for conference champions
- Man suspected in killing of woman in NYC hotel room arrested in Arizona after two stabbings there
- Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Foreigner founder Mick Jones reveals Parkinson's diagnosis amid farewell tour absences
- Robots and happy workers: Productivity surge helps explain US economy’s surprising resilience
- Two Indicators: Economics of the defense industry
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Ex-romantic partner of Massachusetts governor says she’s ready to serve on state’s high court
Ranking
- Highlights from Trump’s interview with Time magazine
- West Virginia House OKs bill to allow teachers with training to carry guns, other weapons in schools
- Death Valley — the driest place in the U.S. — home to temporary lake after heavy rain
- Death Valley — the driest place in the U.S. — home to temporary lake after heavy rain
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Georgia Senate considers controls on school libraries and criminal charges for librarians
- FuboTV files lawsuit against ESPN, Fox, Warner Bros. and Hulu over joint streaming service
- Chiefs K Harrison Butker 'honored' to send jersey to parade shooting victim for funeral
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Republican DA asks Wisconsin Supreme Court to decide abortion lawsuit without lower court ruling
FTC to refund $1.25 million to those tricked by LASIK surgery chain. Here's how to file a claim
Dolly Parton spills on Cowboys cheerleader outfit, her iconic look: 'A lot of maintenance'
Global Warming Set the Stage for Los Angeles Fires
Charges dropped against Florida family accused of attacking gay man in relationship with adult son
NCT's TEN talks debut solo album and what fans can expect: 'I want them to see me first'
Green Bay schools release tape of first Black superintendent’s comments that preceded resignation