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The Dow tanks more than 2,000 points: Worst day since 2008 crisis

Saudi Arabia is throwing a tantrum, and the fallout is unleashing some crisis-era deja vu on United States stock markets. After the kingdom slashed what it charges for a barrel of oil in retaliation for Russia’s refusal to support a dramatic cut in crude production, oil prices cratered on Monday, dragging down stocks to their…

The Dow tanks more than 2,000 points: Worst day since 2008 crisis

Saudi Arabia is throwing a tantrum, and the fallout is unleashing some crisis-era deja vu on United States stock markets.
After the kingdom slashed what it charges for a barrel of oil in retaliation for Russia’s refusal to support a dramatic cut in crude production, oil prices cratered on Monday, dragging down stocks to their worst one-day performance since 2008 and further pummelling investor confidence, already bludgeoned by the widening coronavirus outbreak.
Fear of a looming credit crunch only served to further compound investor fears.
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Gold is gripped by volatility, but some say prices will surge

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