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How the global economic turmoil will play out in the U.S.

How the global economic turmoil will play out in the U.S.

Here's a look at why global stock markets are falling and what it might mean for American workers and investors. What is causing the global stock market meltdown? The stock market plunge was triggered by China’s move two weeks ago to devalue its currency. Although Beijing said the action was taken in line with a policy change to make its exchange rate more market-driven, many investors and analysts took the announcement as an indication that the Chinese economy is slowing more sharply than previously thought. Since then those fears have been intensified by economic reports from China showing a worse-than-expected decline in exports and industrial production, as well as a...

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