Chicago, IL

Columbus, OH

Bob Elliott, Unlimited CEO and CIO, and CNBC's Steve Liesman join 'Closing Bell: Overtime' to discuss what in Friday's economic data changed the investment narrative, how the data impacted the Federal Reserve, and more.

Nasdaq enters correction after weak jobs report

Reuters

ORLANDO, Florida (Reuters) - "Up the escalator, down the elevator shaft" is a well-worn FX market maxim describing the dollar's typical moves against the yen. The U.S. currency tends to rise steadily over time, but when it turns, it can plunge rapidly.

Column-Hopes for gradual Fed rate cuts were always misplaced: McGeever

The Hill

Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chair Jerome Powell for holding interest rates steady earlier this week after Friday’s jobs report came in weaker than expected. “Fed Chair Powell made a serious mistake not cutting interest rates,” Warren said in a post on social platform X. “He’s been...

Warren hammers Powell over jobs report: ‘Cut rates now’

NEW YORK (Reuters) - The Federal Reserve’s battle to get inflation under control likely faces fresh challenges should Donald Trump regain the White House, a dynamic that could put the U.S. central bank back in the former Republican president's crosshairs.

In a Trump win, economists see revived inflation and a more wary Fed

As a global market sell-off continues amid fears of a looming U.S. recession, the Federal Reserve may have little room to manoeuvre, the CEO of Smead Capital Management warned Monday. "The Fed is trying to fight a ghost in some respects," Cole Smead said, adding that it is still attempting...

The Fed is trying to 'fight a ghost' as recession fears mount, investor says

TheStreet

Global stocks are melting down. Here's five reasons driving the tech-led Black Monday.

Black Monday on Wall Street: 5 reasons stocks are plummeting

With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

CBS News

Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,200 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending. The S&P 500 slid 129 points, or 2.4%, to 5,217 in early afternoon trading, while the tech-heavy Nasdaq Composite sank 2.9%. Investors are fleeing the Big Tech names that until recently had powered the U.S. market higher: Apple shed 4.2% while Meta fell about 2% in afternoon trading. Chipmaker Nvidia tumbled 5.6%.The Dow Jones Industrial Average tumbled 1,238 points in early...

Dow plunges more than 1,200 points amid U.S. recession fears

Georgia State

A federal law has forced nearly 122,000 disabled veterans in the last 12 years to return payouts — some totaling tens of thousands of dollars — they received to leave the military when it needed to downsize, according to new data obtained by NBC News. The statistics come...

A little-known law has forced more than 120,000 veterans to return payouts they received to leave the military, new data shows

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

The Guardian

Cracks in labour market provide Trump with evidence for his message that Biden has been disaster for the economy

Warning signs of US recession may be bad news for Kamala Harris

It was a pivotal moment for Ukraine on Sunday, as President Volodymyr Zelenskyy watched on as two F-16 fighter jets roared overhead. Flanked by another two of the U.S.-made combat aircraft at an undisclosed location in Ukraine, Zelenskyy announced that the country's air force had already started operations using the warplanes against Russia.

Ukraine finally sends F-16s into the battle against Russia — but they might not be a game-changer

Florida State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

JPMorgan Chase is expanding, with the aim of reaching more Americans in smaller cities and towns. Chairman and CEO Jamie Dimon is embarking on his 14th annual bus tour on Monday, with his first stop in Iowa, where the bank plans to open 25 more branches by 2030. The firm...

JPMorgan Chase is opening more small-town branches in middle America

Jacksonville, FL

Hurricane Debby came ashore Monday morning in the Big Bend area of Florida and was expected to creep across the state toward Northeast Florida. The storm hit near Steinhatchee, north of Cedar Key and 70 miles west of Gainesville.

Hurricane Debby makes landfall; Jax expects deluge

Bucks County Beacon

Conservatives have done the United States a huge favor by explaining in detail what they’ll try to do if Donald Trump is reelected. Project 2025 , a “presidential transition project” of the Heritage Foundation, helpfully lays out how a group of former Trump officials would like to transform the country into a right-wing dystopia where the rich thrive and the rest of us die aspiring to be rich.

Project 2025’s Plan to Gut Medicare and Medicaid

U.S. stocks fell sharply Monday as part of a global selloff fueled by mounting recession fears among investors. The turmoil seems to have begun on Friday following the release of a disappointing July jobs report, which fueled concerns that the Federal Reserve has moved too slowly to cut interest rates — a move meant to alleviate some pressure on the economy. Further roiling global markets is unusual currency trading out of Japan.

The S&P 500 is down 7.5%—but if you're worried about it, 'you shouldn't own stocks,' says Warren Buffett

(Reuters) - Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the U.S. central bank not to have done so already. Musk's comment, which was made in response to a post on the social media site X, followed a run of weak data last week that has sparked worries the Fed may have left interest rates elevated for too long, resulting in damage to the economy.

Elon Musk says Fed foolish not to have cut interest rates

Worries about the economy and a seemingly slow-footed response from the Fed, along with concerns over corporate earnings, dragged markets Monday. Put that against the backdrop of a stock market with high valuation, and it had all the makings of a sell-off waiting to happen. "It's just a perfect storm...

Here are all the reasons why Monday's major market wreck is happening

Cicero, IL

Oak Park, IL

Berwyn, IL

Forest Park, IL

River Forest, IL

Elmwood Park, IL

Riverside, IL

Lincolnwood, IL

Hines, IL

Evanston, IL

Maywood, IL

Lyons, IL

Harwood Heights, IL

River Grove, IL

Evergreen Park, IL

NewsBreak

Chicago Fed President Austan Goolsbee: If conditions start to deteriorate, the Fed will 'fix it'

CNBC’s Steve Liesman and Chicago Fed President Austan...

Chicago Fed President Austan Goolsbee: If conditions start to deteriorate, the Fed will 'fix it'

Comments / 0