U.S. stocks (^DJI, ^GSPC, ^IXIC) sink as investors flee stocks and rush into U.S. government bonds. Oil is also taking another hit with prices falling to a 12-year low. Tim Anderson, managing director of TJM Investments, joins us from the floor of the New York Stock Exchange for the latest market action.
To discuss some of the other stories that Yahoo Finance is keeping an eye on today, Alexis Christoforous is joined by Yahoo Finance's Nicole Sinclair.
Looming wave of worldwide bankruptcies?
An economist with the Organization for Economic Cooperation and Development warns that the economy is unstable and could face an avalanche of bankruptcies. Is another recession looming?
Biggest winners and losers
It's a down day for the market as stocks selloff around the world. But are some companies eking out gains? We'll break down today's big winners and losers.
Going to court for student loan forgiveness
The Wall Street Journal is reporting that in the past 6 months, more than 7,500 college graduates have used an obscure law to claim that their schools used illegal tactics to recruit them, including lying about their future earnings. Are these claims frivolous or legit?