LONDON - First came the shock. Then fear seized world markets. As frenzied selling accelerated in Tokyo, Hong Kong and London, unfathomable amounts of wealth vanished in a matter of hours.
The United Kingdom's decision to pull out of the European Union is sending global markets sharply lower. But the pain is being felt hardest by a handful of companies most exposed to the decision.
(Adds quotes from Gundlach, details on MSCI gains). By Jennifer Ablan. NEW YORK, June 24 Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said Friday his firm sold all of its European equities position before the market closed Thursday, ...
The risk of another global recession escalated Friday after Britain's stunning decision to leave the European Union plunged financial markets into free fall and tested the strength of the safeguards put in place since the last downturn seven years ago.
Billionaire Kelcy Warren just won a huge hand in the biggest M&A poker game he's ever played in the U.S. oil patch. Eighteen months after Warren's Energy Transfer Equity LP began talks to acquire rival pipeline giant Williams Cos.