Columbus, OH

JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank’s global research division says the US economy is showing signs of a slowdown, pointing to the rising unemployment rate and a weaker-than-expected July jobs report. In light of the...

JPMorgan Chase Raises Probability of Imminent US and Global Recession, Abruptly Shifts Forecast on Fed Rate Cuts

Markets Insider

When stocks have been this expensive in the past, painful downturns have reliably followed, Jeremy Grantham said.

Elite investor Jeremy Grantham warns stocks are poised to crash — and a recession seems inevitable

PYMNTS

Economists at Goldman Sachs have lowered the likelihood of a U.S. recession. As Bloomberg News reported Saturday (Aug. 17), the banking giant now gives an economic downturn a 20% chance of happening, down from 25%, based on recent retail sales and unemployment claims data. And assuming the next jobs report...

Goldman: Recession Seems Less Likely After Jobs/Sales Reports

Indexes rose Thursday as investors reacted to a surprisingly strong increase in retail sales and lower jobless claims.

Stock market today: Dow soars 555 points as strong economic data calms recession worries

Jackson, WY

The stock market is in the green, recovering losses from the previous week, thanks to positive inflation news, consumer spending data and strong economic reports that have eased recession fears. With that, all eyes are on the upcoming speech by Fed Chair Jerome Powell on Friday at the annual Jackson Hole Economic Symposium, which could influence expectations for future rate cuts.

All eyes are on Jerome Powell at Jackson Hole as investors wait for interest rate cuts

Yields and prices move in opposite directions. One basis point equals 0.01%. Market participants are firmly pricing in an interest rate cut at the U.S. central bank’s next meeting. Traders are currently pricing in a roughly 66% chance of a 25-basis-point rate cut in September, with just over one-third pricing in a 50-basis-point rate cut, according to the CME Group’s FedWatch Tool.

Treasury yields rally as Federal Reserve signals readiness for September rate cut

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

The U.S. Federal Reserve is widely expected to cut interest rates at its upcoming September meeting. Nvidia will report its latest financial results on Aug. 28, and I think they will be far more important for the direction of the stock market. Nvidia's data center revenue reflects the artificial intelligence...

Forget the Fed: Thanks to Nvidia, Aug. 28 Might be an Even Bigger Day for the Stock Market

A recession is coming in the US by early next year, one John Hopkins economist predicts.

The economy is flashing a recession signal that's been seen only 4 times in the past century, veteran economist Steve Hanke says

If you find yourself worrying about a possible recession, don’t. But don’t just take my word for it. Instead, look at the most recent data. First, check out the labor market. The July employment report – published on the morning of August 2 – spooked investors because the number of new jobs the economy created last month (114,000) was significantly below estimates of 185,000.

Stop Worrying About a Recession

The Dow Jones Industrial Average has served as a key barometer of Wall Street's health since the late 19th century. Recently-filed Form 13Fs have given investors an inside look at which stocks Wall Street's smartest and most-successful money managers purchased and sold in the June-ended quarter. Three Dow stocks with...

3 Historically Unstoppable Dow Stocks That Have Billionaire Money Managers Headed for the Exit

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

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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

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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The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Fox Business

All eyes will be on Federal Reserve Chair Jerome Powell on Friday as he delivers a keynote speech at the Kansas City Fed's economic symposium in Jackson Hole, Wyoming.

Fed's Powell may use Jackson Hole speech to shed light on rate cut timing

Chicago, IL

Television host and producer Oprah WInfrey addresses the Democratic National Convention in Chicago.

Oprah Winfrey endorsing Kamala Harris at DNC: This election isn't 'us and them, it's you and me'

Stock investors should keep at least 20% of their portfolio in cash, according to billionaire investor Mark Mobius.

Investors need to be cautious on stocks because the economy is flashing a warning not seen in nearly a century, billionaire investor Mark Mobius says

India's southern state of Andhra Pradesh wrapped up rescue efforts on Thursday at a pharmaceutical manufacturing plant where an explosion the previous day killed 17 people and injured nearly 40, a senior state official said. The state's worst such incident in recent years, Wednesday's blast took place at the 40-acre...

Death toll rises to 17 in blast at Indian pharmaceutical factory

Kansas State

Elkhart, KS

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million. Shan Hanes, pronounced Shane, sent the funds from Heartland Tri-State Bank to cryptocurrency wallets controlled by scammers who had duped him in a "pig butchering" scheme that appealed to his greed, federal prosecutors said.

Cryptocurrency 'pig butchering' scam wrecks Kansas bank, sends ex-CEO to prison for 24 years

New York City, NY

Wealthy businessman Timothy Mellon and former New York Mayor Michael Bloomberg wrote huge, eight-figure checks in July to support major Republican and Democratic super PACs, respectively, gearing up for the 2024 election. Mellon, who donated $50 million in May to Make America Great Again Inc., the super PAC that supports...

Billionaires Timothy Mellon and Mike Bloomberg inject massive sums into 2024 super PACs

NewsBreak

A recession is coming: Things are breaking down quite rapidly, investment strategist says

Garry Evans, BCA Research's chief strategist, said that...

A recession is coming: Things are breaking down quite rapidly, investment strategist says

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