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Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier
News
Weston Cardiologist Sentenced, Fined $500K For Insider Trading Weston Cardiologist Sentenced, Fined $500K For Insider Trading
Weston Cardiologist Sentenced, Fined $500K For Insider Trading A 70-year-old Fairfield County cardiologist is heading to prison after using his position to buy and sell stock based on insider information he received as a principal investor in a biotech company. Edward Kosinski of Weston was sentenced to six months in prison followed by two years of supervised release and must pay a $500,000 fine for insider trading. He was found guilty by a jury of two counts of securities fraud-insider trading in November last year, according to John Durham, the United States Attorney for the District of Connecticut. On Jan. 29, 2014, Kosinski, working as a cardiologi…

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by Zak Failla