Chris Versace, Chief Investment Officer at Tematica Research, discusses the Dow's 1,000+ point drop, the second in less than a week and the second largest drop ever recorded. Versace is not concerned about the 10% drop but adds that everyone should be if the market drops another 10%. At that point, we would officially be in bear market territory. He still advises young people who may be skeptical about the drop to stay in the market.

Share:
More In Business
Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Load More