Stocks tumble and oil sinks as storm clouds gather over global economy
CNN
Investors hoping for an easy Christmas week could be sorely disappointed as stocks and oil prices tumble in the face of growing threats to the global economy.
Dow futures fell 575 points — or more than 1.6% — by 5 a.m. ET on Monday, while benchmark Brent crude was down about 3% at $71 a barrel. Major stock market indexes in Europe and Asia fell by around 2%, although the Shanghai Composite fared slightly better, drawing modest support from a Chinese interest rate cut.
Two factors appeared to be driving the sharp sell-off.
California socialite sentenced to 15 years to life for 2020 hit-and-run deaths of two young brothers
Authorities said Rebecca Grossman, wife of a prominent Los Angeles burn doctor, fatally struck Mark Iskander, 11, and brother Jacob, 8, while speeding.
Federal investigators accuse a south Florida man of traversing two continents, stealing license plates and obscuring a security camera to kidnap his estranged wife at her apartment in Spain earlier this year. But the man and his attorneys say he has never stepped foot in Spain and insist he is innocent.
The Alitos and Roberts discuss politically sensitive topics in secret recordings by liberal activist
A left-wing activist released secret recordings of Supreme Court Justice Samuel Alito, his wife and Chief Justice John Roberts discussing a range of topics.