<div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2ph1GV_0upUmJYB00" alt="https://img.particlenews.com/image.php?url=2ph1GV_0upUmJYB00" width="1200" height="630" ><p>The global stock markets sell-off that transpired Monday follows some key economic data reports that may have spooked some investors. CBS News senior business and technology correspondent Jo Ling Kent breaks down the other market flags about the U.S. economy to consider as a rebound appears to be developing.</p><nbtemplate data-id="AdPlaceholder" data-content="JTdCJTdE"></nbtemplate></div>

Columbus, OH

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

CBS News

The three-day stock market rout roiling Wall Street is prompting some experts to question whether the Federal Reserve could enact an emergency rate cut before its September meeting. The speculation is arising in the wake of the Fed's July 31 meeting, when the central bank decided to keep its benchmark rate steady at its highest point in 23 years. At a press conference that day, Fed Chair Jerome Powell said while he and other officials were carefully watching the labor market for signs of weakness, they wanted to see more evidence that inflation was cooling before cutting rates. But on August 2,...

Here are the odds of an emergency rate cut from the Federal Reserve

CBS Philly

A swift and sudden downdraft in global stocks is raising concern among ordinary investors about the impact on their portfolios and 401(k) plans.The S&P 500 slid 160 points, or 3%, to 5,186 on Monday, the index's biggest one-day drop in nearly two years, according to FactSet. The tech-heavy Nasdaq Composite sank 3.4% as investors fled some of the tech giants that until recently had powered the U.S. market higher, with Apple shedding 4.8% and Nvidia falling 6.4%.Notably, the slump follows what had been a bullish year, with the stock market reaching record highs that bolstered the retirement accounts of millions...

4 reasons stocks are cratering — and what experts say you should do

Markets Insider

Until recently, investors cheered weak economic data as fuel for rate cuts. Now they fear the Fed may be too far behind.

The stock market went berserk

Forensic authorities in the Dominican Republic worked Wednesday to identify the remains of at least 14 mostly decomposed bodies found on an abandoned vessel 10 nautical miles of its northern coast.The Dominican Republic Navy said the 14 skeletons appeared to belong to individuals from Senegal and Mauritania, according to the documentation found next to the bodies.Authorities are also working to determine the cause and time of the deaths and whether 12 packages of a substance found on the boat contained illicit drugs, presumably cocaine or heroin.Cell phones and geolocation devices were also found on the boat, said the Navy, which released images...

14 bodies, stash of suspected drugs found on abandoned boat

Cash App customers may be able to claim more than $2,500 each as part of a $15 million class-action settlement for data and security breaches at the mobile payment service. People whose accounts were accessed without their authorization or who had fraudulent withdrawals or transfers can file claims, provided they had or currently have an account between August 23, 2018, and August 20, 2024, according to the settlement website. The class-action pointed to a 2021 incident the company disclosed in 2022, in which a former employee downloaded reports of some U.S. users without permission. It also noted another breach, disclosed in 2023,...

How to file a claim to get $2,500 from a Cash App settlement

Minnesota State

Minneapolis, MN

MINNEAPOLIS — A Twin Cities man and 14 others are charged in connection to what federal law enforcement officials call one of the most sophisticated international drug trafficking operations they've ever seen.Clinton James Ward, 45, is facing decades in prison for allegedly running what officials describe as a "sprawling, Mexican-based" operation that spread a "truly staggering" amount of drugs across Minnesota.United States Attorney Andrew Luger, DEA Special Agent in Charge Steven Bell and FBI Assistant Special Agent in Charge Leah Greeves announced the charges in a joint press conference Tuesday at the United States District Court in Minneapolis.  Authorities say on...

Minnesotan charged with "kingpin statute" for allegedly running "sprawling" Mexican drug trafficking ring

A plane with 61 people aboard crashed in a fiery wreck in a residential area of a city in Brazil's Sao Paulo state Friday, the airline said in a social media post on Friday. The airline said there were no survivors and that all 57 passengers and 4 crew members died at the scene. The airline VOEPASS had previously said there were 62 people aboard. It confirmed in an earlier statement that the plane, headed for Sao Paulo's international airport Guarulhos, crashed inside a gated community in the city of Vinhedo. The plane took off from Cascavel Airport at 11:46 a.m....

Plane crash in Brazil kills all 61 on board

New artifacts have been found on the legendary Spanish galleon San Jose, Colombia's government announced Thursday, after the first robotic exploration of the three-century-old shipwreck.Dubbed the "holy grail" of shipwrecks, the San Jose was owned by the Spanish crown when it was sunk by the British navy near Cartagena in 1708. Only a handful of its 600-strong crew survived.In February, the Colombian government announced it would begin extractions from the ship off its Caribbean coast, with the wreckage believed to be holding treasures worth billions of dollars."Results of this exploration have revealed an unprecedented set of archaeological evidence, which has greatly...

New artifacts found in legendary treasure-laden shipwreck

Japanese Prime Minister Fumio Kishida canceled a planned trip to Central Asia on Friday to lead the government's response after scientists urged people to prepare for a possible "megaquake" off the country's southern coast.The Japan Meteorological Agency issued its first-ever "megaquake advisory" on Thursday warning of a possible future major earthquake triggered by the underwater Nankai Trough after a magnitude 7.1 quake shook just off the eastern coast of Kyushu island earlier in the day. The trough, which runs along Japan's Pacific coast, was the source of past devastating earthquakes.Seismologists at the agency held an emergency meeting after Thursday's quake to...

Scientists urge preparations for possible "megaquake" in Japan

Newark, NY

The remnants of Debby made their way north Friday, dumping heavy rain that's caused severe flash floods in the region. The severe rainfall has forced many flight delays in the Northeast. CBS News' Tom Hanson has more from Newark Liberty International Airport.

Remnants of Debby disrupt flights in Northeast U.S.

This week, the Justice Department charged a Pakistani national with plotting to assassinate current and former U.S. officials. Suspect Asif Merchant has alleged ties to the Iranian government and is accused of planning a murder-for-hire scheme targeting multiple prominent figures, including former President Donald Trump. CBS News national security contributor Sam Vinograd joins with a national security wrap-up.

Pakistani national charged in plot to assassinate U.S. officials

Pennsylvania State

Butler, PA

Bodycam video footage released by police on Thursday shows the moment when a local police officer spotted the gunman on a roof, just seconds before the attempted assassination of Donald Trump at a July 13 rally in Butler, Pennsylvania.The video, without audio at this moment, shows when a Butler Township Police officer is hoisted onto the roof where the gunman, Thomas Matthew Crooks, had taken position. The officer gets a boost from another officer to get on the building, but quickly drops. He then runs to alert other officers that he saw the gunman and heads to his patrol car to...

Bodycam video from Trump rally shows officer spotting gunman on roof

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Arizona State

Mesa, AZ

John Giles, the Republican mayor of Mesa, Arizona, is endorsing Vice President Kamala Harris for president as the presumptive Democratic nominee vies for support in the battleground state. CBS News' Natalie Brand has more.

Harris-Walz campaign rally in Arizona as part of battleground state tour

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

CBS Essentials is created independently of the CBS News editorial staff. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. It's time to start preparing your lawn, garden and patio for the end of summer and the upcoming fall...

The best lawn and garden deals at Amazon in August

As of Friday evening, three people have died in the U.S. due to the listeria outbreak linked to Boar's Head deli meats. In July, Boar's Head recalled seven million pounds of deli meats after a liverwurst sample collected in Maryland tested positive for listeria. CBS News chief medical correspondent Dr. Jon LaPook joins to discuss the risks, diagnosis and how to stay safe.

Tips on keeping safe amid listeria outbreak

Sha'Carri Richardson secured her first Olympic gold medal after a thundering anchor leg in the women's 4x100 relay on Friday.The Americans – Richardson, Gabby Thomas, Melissa Jefferson and Twanisha Terry – braved a wet track in rainy conditions to win the team's 12th Olympic medal in the event. They did it in a time of 41.78 seconds – a season-best.Thomas ran the third leg and got her second gold medal in the Games. Her first gold was in the 200-meter on Tuesday. When Thomas handed off to Richardson, the U.S. was in third place.Richardson had to reel in Britian's Daryll Neita...

U.S. women win gold in 4x100 relay at Paris Olympics

The global stock markets sell-off that transpired Monday follows some key economic data reports that may have spooked some investors. CBS News senior business and technology correspondent Jo Ling Kent breaks down the other market flags about the U.S. economy to consider as a rebound appears to be developing.

Stock market sell-off occurred after these key U.S. economy flags

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