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Tag Results for "U.s. Debt Downgrade"

Tumultuous Stock Market Leaves Mexican Billionaire Carlos Slim $8 Billion Poorer This Week

It appears everyone is affected by a tumultuous stock market including the super rich, like Mexican billionaire Carlos Slim Helu. This week the U.S. stock market dropped to the lowest levels since 2008 and other markets also saw declined. Mexico’s market benchmark the IPC index dropped 6.4% and wiped out $8 billion in value in four days to Slim’s stock portfolio. continue reading »