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Markets

Markets

Black Monday risks resonate 30 years on :-: City A.M.

Before the global financial crisis the yardstick for market panics was 19 October 1987: Black Monday. Shares across the world tanked, led by an eye-watering 23 per cent fall on the totemic Dow Jones Industrial Average in New York – the worst one-day decline since the start of World War One. Meanwhile, the FTSE 100 fell 11 per cent on the day, and then fell a further 12
Markets

Wolf of Wall Street’s Jordan Belfort: ‘The lessons of the crash have been forgotten’ :-: the Guardian

The convicted fraudster who inspired Martin Scorsese’s film of Wall Street excess is back with a new book and a warning that a big market correction is on the way The Wolf of Wall Street forgives but he never forgets. Ten years ago when I last met Jordan Belfort, convicted criminal, aspiring author and shortly to be a man at the center of a fierce bidding war for his
Markets

UK government threatens retaliation against Boeing in Bombardier tariff row – as it happened :-: the Guardian

Canadian aircraft maker, which employs 4,000 people in Northern Ireland, suffers major blow after US imposes punitive 219% levy Defence minister says relationship with Boeing could suffer Labour: May was complacent and criminally negligent Introduction: Bombardier hit with 219% tariff on sales to Delta Boeing claimed Canadian plane maker had unfair subsidies Theresa May: