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Stock indexes tumbled so fast Monday that marketwide trading was halted temporarily for the first time since October 1997. The Dow Jones Industrial Average fell 2,013 points, or nearly 8%.

Oil prices dropped as much as 30% following the unexpected Saudi decision to cut prices and boost production. The move reflects the uncertainty surrounding the coronavirus and its economic effects.

Welch, dubbed "manager of the century" in 1999 by Fortunemagazine, grew GE into an industrial powerhouse. During his reign, the company's market value skyrocketed to $410 billion from $12 billion.

U.N. human rights experts said they were gravely concerned by reports that a WhatsApp account held by Saudi Crown Prince Mohammed bin Salman was used to hack The Washington Postowner's phone.

Ending an era at the Internet's biggest search company, Google co-founders Sergey Brin and Larry Page end their leadership roles. Sundar Pichai will become CEO of Google and its parent, Alphabet.

CEO Jack Dorsey announced that Twitter will stop running political ads, citing online ads' "significant risks to politics." Facebook has been criticized for allowing deceptive political ads.

The senators are calling on the nation's top consumer protection agency to investigate a loan servicer for the troubled student loan forgiveness program for public service workers.

Adam Neumann, the workspace sharing company's co-founder, is quitting as CEO amid problems with WeWork's efforts to go public. The company's estimated value has dropped by more than half.

Attorneys general from eight states and the District of Columbia have launched a probe into Facebook and its market dominance. The Justice Department has also launched an antitrust review of Big Tech.

The U.S. growth rate fell to 2.1% in the second quarter amid a slowdown in exports. The Trump administration has targeted a growth rate of 3% or above, citing the Republican tax cuts passed in 2017.