On average, August has been the worst performing month for stocks since 1986, according to Morningstar.
That means the dwindling number of traders who remain must take extra care in a such a potentially volatile environment.
99-year-old trucking company Yellow shuts downYellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers, reports my colleague Chris Isidore.
He said the company began taking on significant amount of debt 20 years ago in order to acquire other trucking companies.
“Now their debt service is just enormous,” he said, pointing to $1.5 billion in debt on its books.
Persons:
Morningstar, It’s, it’s, ”, Michael Landsberg, Landsberg, “, ” Jackson, Jerome Powell, Barbie, Barbie ”, “ Oppenheimer, Eva Rothenberg, “ Barbenheimer ”, “ Barbie, Chris Isidore, Satish Jindel, Tom Nightingale, Read
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CNN Business, Bell, New York CNN, Nasdaq, Apple, Landsberg Bennett, Wealth Management, Federal Reserve Bank of Kansas, Fed, Dow, AMC, Oppenheimer AMC Theaters, CNN, Warner Bros, Corp, Teamsters, AFS Logistics, “
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