Stock market

Stock Markets Take A Breather After Steep Drop

Investors paused to catch their breath Thursday after the stock market suffered its worst drop of the year the day before. Consumer spending is still strong, despite signs of a looming recession.

China Takes Wind Out Of Apple iPhone Sales

Apple cut billions from its revenue estimates amid slower sales in China. In August, Apple became the first firm worth $1 trillion, but its stock is down more than 30 percent in the past three months.