Friday, December 6News That Matters

Business

Nasdaq reenters a bear market at the end of a miserable week – CNN

Nasdaq reenters a bear market at the end of a miserable week – CNN

Business
The Dow fell 370 points in the closing hour, after rising as much as 394 points earlier in the morning. The S&P 500 fell 1.9%, and the Nasdaq plummeted 2.9%. Technology stocks fell Friday on continued negative sentiment about the US-China trade relationship, regulation and a general adversity to risk. Facebook (FB) fell 7%, Apple (AAPL) fell 4%, Twitter (TWTR) was down 7% and Netflix (NFLX) fell 6%.All three major indexes are down sharply on the week and more than 10% in December. Through Thursday, the Dow had lost 1,240 points this week and 2,679 points in December. Stocks are on pace for the worst December since the Great Depression, and the Nasdaq briefly entered a bear market Thursday before tumbling back there Friday.Oil, the Russell 2000, the Dow transports index, and stock ma...
Holiday cheer: Altria treats Juul employees to $2B in bonuses – New York Post

Holiday cheer: Altria treats Juul employees to $2B in bonuses – New York Post

Business
Call it a winter windfall. Juul’s 1,500 employees just received an unexpected holiday gift — they are going to be divvying up $2 billion in bonus money thanks to Altria, the e-cigarette maker’s new owner. That breaks down to $1.3 million per worker — though the amount each employee receives will vary depending on length of service and equity held in the company. Under the terms of the $12.8 billion acquisition, announced Dec. 20, Juul employees will be paid $150 for every share or restricted stock unit they own, according to a report in the Wall Street Journal (paywall). The report added that the majority of workers have been at the company for less than a year, and that payments to employees hired over the past six months will be based on the number of stoc...
Gatwick Suspends And Resumes Flights — Again — After Reports Of Drone Sighting – NPR

Gatwick Suspends And Resumes Flights — Again — After Reports Of Drone Sighting – NPR

Business
Enlarge this image Passengers wait Friday at London's Gatwick Airport, where drone sightings have repeatedly caused flights to be delayed and suspended at the height of holiday travel season. Jack Taylor/Getty Images hide caption toggle caption Jack Taylor/Getty Images Gatwick Airport is up and running — but not before reports of yet another drone sighting briefly disrupted flights and dismayed wary, weary, waiting travelers on Friday. "Flights have now resumed. Airfield mo...