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These three financial technology companies show promise for long-term investors.
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The bond market flashed an ominous warning Friday, as the yield on long-term government debt dipped below that of short-term bills. That unusual situation often signals a recession on the horizon.
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Pinterest files for IPO VentureBeatPinterest drops its IPO filing TechCrunchPinterest files for IPO, but avoids calling itself a social network The VergeJim Cramer on Nike, Boeing, Uber, Pinterest and His Tweets to Elon Musk TheStreet.comDigital Scrapbooking Site Pinterest Becomes 2nd SF Tech Firm to File for IPO This Month, After Lyft; Uber, Slack Expected to Follow KTLA Los AngelesView full coverage on Google News
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 Stephen Moore, who President Trump on Friday said he would nominate to the Federal Reserve, said in an interview he will be an "independent voice." Speaking to Bloomberg Television, the campaign adviser to Trump said his previous call to fire Chairman Jerome Powell "was probably written in a time of anger" but that the December rate hike was a mistake that has been reversed. He said he looked forward to working with Powell and that Powell could be a "hero." "I do not want to be disruptive, I want to be somebody that can really help Chairman Powell and the others on that board to construct the best pro-growth, stable price system that we can for this country," Moore said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Latin American stocks and currencies
were hammered on Friday, caught up in a global selloff after
dismal economic data from across Europe and the United States
reignited fears of a slowdown in the global economy and signaled
the possibility of the world's largest economy sliding into
recession.
An inversion of the U.S. Treasury yield curve after
weaker-than-expected manufacturing data suggested that the
econom
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 There's something brewing in the financial sector that could be very worrisome to stock market investors, especially those who still get a chill when recalling events that led to the financial crisis.
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The bond market is edging closer to signaling a recession, but don't panic, stocks could have a lot more to run even if the feared "yield curve" inverts, according to history.
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The past week's popular money and investing stories look at tax tips, a threat to real estate prices, and why fund managers are selling stocks.
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 U.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies.
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 Will Tesla's stock price keep falling?
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Stocks plunged on concerns about decelerating growth and an inverted yield curve.
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 Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes posting their biggest one-day percentage declines since Jan. 3, as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global economic downturn.
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* All 3 major U.S. stock indexes have their worst day since
Jan 3
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A closely watched measure of the yield curve inverted Friday, underlining worries about economic growth and rattling the stock market. But investors might be pushing the panic button a bit prematurely.
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U.S. equity funds see outflows in eight of the past 12 weeks.
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Shares of Foot Locker Inc. dropped 3.7% in premarket trade Friday, in the wake of Nike Inc. stock pullback on a downbeat sales outlook. In Foot Locker's 10-K filing for the fiscal year-ended Feb. 3, 2018 (the 10-K for the year ended February 2019 has not yet been filed), the athletic footwear seller said it was "highly dependent" on Nike, as about 67% of all merchandise bought in 2017 was from Nike, with each operating division buying 44% to 73% of their merchandise from Nike during the year. As a result, Foot Locker said any "adverse development" in Nike could have an "adverse effect on our business, financial condition and results of operations." Nike's stock dropped 4.8% ahead of Friday's open, after the company reported late-Thursday fiscal third-quarter earnings that topped expectations, but sales that matched and provided a fourth-quarter sales growth outlook that was below expectations. Foot Locker's stock has rallied 23% over the past three months through Thursday, while Nike shares have climbed 22% and the Dow Jones Industrial Average has rallied 16%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The 35-day partial government shutdown that kicked off 2019 created a moment of truth for the 800,000 employees and contractors who had to figure out how to cover their bills until their paychecks kicked in again. Many did just fine, thanks to savings and, often, the added safety net of a working spouse. But for others, the sudden interruption in cash flow created a crisis.
The episode was a reminder of how many Americans live paycheck to paycheck. According to the results of a Federal Reserve study released last year, 40% of Americans did not have enough savings to cover a $400 emergency expense. Plus, debt has made a comeback since 2013 and now exceeds the previous peak reached in 2008, driven in part by a rise in student and auto loans. We're handling the payments pretty well, thanks to a strong economy with historically low unemployment. But one day the stock market will cycle into a bear market and the economy will cycle into a recession. That will put pressure on your retirement and other savings, and some unlucky workers will lose their jobs.
If you faced a financial crisis--job loss, a catastrophic illness, divorce--how well would you weather the storm? Use our guide to shock-proof your finances, and keep our strategies for dealing with a crisis in your back pocket, just in case. (Is the wolf already at the door? See What to Do If You Face a Financial Crisis.)
SEE ALSO: 10 Tax Breaks for the Middle Class
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