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

TheStreet

Wall Street extends its winning streak as investors feel more confident about the economy.

Stock Market Today: Stocks end higher as consumers defy recession fears; Walmart soars

24/7 Wall St.

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

Kristina Hooper, Invesco chief global market strategist, joins 'Closing Bell' to discuss the Fed, the markets and earnings.

The market is telling us there's a higher probability of a recession, says Invesco's Kristina Hooper

Gold prices pared gains on Thursday as the dollar and Treasury yields rose after stronger-than-expected U.S. economic data that could influence the size of interest rate cuts from the Federal Reserve. Spot gold inched higher 0.6% at $2,461.36, after rising as much as 0.9% earlier in the session. U.S. gold...

Gold pares gains as dollar, bond yields climb after strong U.S. data

A report released by the Labor Department on Thursday unexpectedly showed a continued decline by first-time claims for U.S. unemployment benefits in the week ended August 10th. The Labor Department said initial jobless claims fell to 227,000, a decrease of 7,000 from the previous week's revised level of 234,000. Economists...

U.S. Weekly Jobless Claims Unexpectedly Extend Pullback

“I’m talking to the big companies, and the big companies are telling me they need $20 billion, $50 billion, $100 billion — very very hard,” said Schmidt, adding that he’s a “close friend” to OpenAI CEO Sam Altman. Schmidt suggested a huge amount of...

Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’

Colorado 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.

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Many Buffett followers made the curious observation after a regulatory "13-F" filing Wednesday night revealed. 's equity holdings at the end of the second quarter. It showed an identical 400 million share count in Apple and Coca-Cola, Buffett's oldest and longest stock position. It's prompted some to believe that the...

Warren Buffett did something curious with his Apple stock holding

South Carolina State

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Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

When you're interviewing for a job, "asking great questions is such an underrated way to differentiate yourself from everyone else," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. Good questions can help make the case for why you're a rockstar at work. But asking...

Always ask these 4 questions when you're interviewing for a job, says ex-Google recruiter

About 2.9 billion people may have had their personal financial data compromised, a lawsuit alleges. "It's not a matter of if, it's a matter of when" you may be personally affected by a breach, one expert says. Experts say there's one best step to take to protect your personal data.

2.9 billion people may have had Social Security numbers, other financial data compromised. What it means for you

Shares of Danish vaccine maker Bavarian Nordic jumped as much as 17% Thursday amid a wider rally for associated healthcare stocks. It comes after the World Health Organization declared an escalating mpox outbreak in Africa as a public health emergency. Medical tools supplier Precision System Science Co soared 40% in...

Health stocks jump as WHO declares mpox global health emergency

A cease-fire deal in Gaza could prevent Iran from attacking Israel, President Joe Biden said. But the president said efforts to reach a cease-fire are "getting hard." Oil prices jumped earlier this week on Iran-Israel tensions, but have since pulled back as softening demand in China weighs on the market.

Oil prices fall after Biden says Iran could refrain from attacking Israel if cease-fire reached

GOBankingRates

Is your dream vacation abroad about to get cheaper? Or is your international investment portfolio in for a wild ride? Buckle up, folks, because some major global currencies might be headed for a...

7 International Currencies Expected To Plummet in Value by the End of 2025

Have you ever sat in a meeting and wondered why it feels like only two or three people dominate the entire conversation? These louder colleagues usually speak up first, share their two cents, and take up most of the meeting time. Before you know it, the meeting is over and you never said a thing.

5 phrases smart people always use to get noticed and succeed at work—without being the loudest in the room

New York Post

The Dow jumped more than 500 points, and the Nasdaq rose 2% on Thursday after July retail sales data signaled resilient consumer spending, allaying fears of an imminent recession in the world’s largest economy.

The Dow Jones Industrial Average advanced 554 points, or 1.4%, to 40,563.06. 

The S&P 500 gained 1.6%, and the Nasdaq climbed 400 points, or 2.3% — the sixth straight positive session for both.

Nine of the 11 major S&P 500 sectors traded higher, with consumer discretionary and technology leading gains.



Home Depot’s warning: Customers have ‘greater uncertainty in the economy’ as sales outlook slashed

Retail sales increased 1.0% last month after a downwardly revised 0.2% drop in June, easing fears of a...

Dow surges 500 points as strong retail sales data ease fears of slowdown

The Hill

Former President Trump on Sunday night appeared to gloat in response to the global market sell-off and suggested his Democratic rivals were to blame. “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!” Trump wrote on his Truth Social platform late Sunday night.

Trump reacts to global stock-market sell-off: ‘I told you so!!!’

NewsBreak

European markets close higher as investors digest UK growth, cooler-than-expected U.S. inflation

LONDON — European stocks closed higher Thursday, maintaining the week's positive momentum as investors digested cooler-than-expected inflation readings in the U.S and U.K. index ended up...

European markets close higher as investors digest UK growth, cooler-than-expected U.S. inflation

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