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

Jackson, WY

Fed Chair Jerome Powell will deliver his policy speech at 10 a.m. ET from the central bank’s annual conclave in Jackson Hole, Wyoming. For all the attention being paid to the presentation, the chances of it containing any startling news seem remote. In previous years, Powell has used Jackson...

Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole

The Independent

  Asian shares were mixed in muted trading Friday ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates.Japan’s benchmark Nikkei 225 rose 0.5% to 38,408.44. Australia’s S&P/ASX 200 slipped 0.1% to 8,017.10. South Korea’s Kospi edged down 0.1% to 2,704.79. Hong Kong’s Hang Seng slipped 0.4% to 17,569.38, while the Shanghai Composite gained 0.3% to 2,856.73.Japan's plans for interest rates were also closely watched. Bank of Japan Gov. Kazuo Ueda in his comments to parliament appeared to indicate more increases may be coming,...

Trading in Asian markets is mixed and muted ahead of a key Fed Chair speech

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Stocks advance. Wall Street rose as minutes from the Federal Reserve...

CNBC Daily Open: Fed minutes signal September rate cut

Kiplinger

Sentiment turned cautious ahead of Fed Chair Powell's highly anticipated speech Friday at the Jackson Hole Economic Symposium.

Stock Market Today: Stocks Drop Ahead of Powell's Jackson Hole Speech

New York City, NY

Nassau County, NY

A convicted New York drug dealer and predatory lender who was freed from federal prison after his sentence was commuted in 2021 by then-President Donald Trump was arrested on assault charges. Jonathan Braun is accused in Nassau County court of assaulting his elderly father-in-law as he tried to protect his...

New York drug dealer whose prison sentence Trump commuted arrested on assault charges

'Mad Money' host Jim Cramer takes a look at the Fed's next move and the state of the consumer.

We have to rethink how strapped the consumer really is, says Jim Cramer

Houston, TX

This story is part of CNBC Make It's Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they've used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com. When Leena Pettigrew...

44-year-old’s garage side hustle brings in $148,600 a year: ‘You don’t have to have business experience’

Stocks moved mostly higher over the course of the trading session on Monday, adding to the strong gains posted last week. The major averages showed a lack of direction early in the session but climbed firmly into positive territory as the day progressed. The major averages surged going into the...

U.S. Stocks Extend Upward Trend With Another Strong Day

Major stock indexes ended lower Thursday as large-cap tech stocks fell and investors prepare for an eagerly anticipated speech by Federal Reserve Chair Jerome Powell on Friday that could shed light on the timetable for interest rate cuts. The S&P 500 and Nasdaq Composite shed 0.9% and 1.7%, respectively, while...

Markets News, August 22, 2024: Stocks End Lower Ahead of Fed Chair Powell's Eagerly Awaited Speech on Friday

Bill Baruch shares his top protection play using options and the Invesco QQQ Trust.

Your Best Option: Bill Baruch's top protection play

Does the U.S. have a looming retirement crisis on its hands?. Researchers at Morningstar recently performed an exhaustive analysis of U.S. workers' retirement preparedness to find out, and the data revealed good and bad news. Bad news first: Across the U.S., Morningstar's model predicts about 45% of households will run...

The 3 biggest 401(k) mistakes that can derail your retirement, according to investment researchers

Stock futures rose on Friday morning as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate cuts. Futures on the Dow Jones Industrial Average gained 85 points, or 0.21%. S&P 500 futures and Nasdaq 100 futures edged up 0.34% and 0.56%, respectively.

Stock futures inch up with all eyes on Powell's key Jackson Hole speech: Live updates

Markets Insider

The stock rally lost momentum Tuesday morning as investors gear up for the Fed's symposium in Jackson Hole, Wyoming.

Stock market today: Indexes trade mixed after the S&P 500 hits longest winning streak of the year

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

(RTTNews) - Stocks have moved mostly higher during trading on Wednesday, with the major averages more than offsetting the modest losses posted in the previous session. With the upward move, the S&P 500 is back within striking distance of the record intraday high set in mid-July. The major averages have...

U.S. Stocks Move Mostly Higher On Rate Cut Optimism

The S&P 500 Index ($SPX) (SPY) today is up +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.33%. US stocks today are modestly higher, with the S&P 500 posting a 1-month high, the Dow Jones Industrials posting a 2-1/2 week high, and the Nasdaq 100 posting a 4-week high. Positive corporate news is lifting stocks today, with Keysight Technologies up more than +12% after reporting stronger-than-expected Q3 adjusted EPS and forecasting Q4 adjusted EPS above consensus. Also, Target is up more than +11% after reporting better-than-expected Q2 adjusted EPS and boosting its full-year adjusted EPS estimate. M&A activity is also supporting stocks today after JT Group agreed to buy Vector Group for about $2.4 billion, and Consol Energy agreed to buy Arch Resources for $2.3 billion.

Stocks Climb on Positive Corporate News and Lower Bond Yields

The dollar index (DXY00) Tuesday fell by -0.44% and posted a new 7-1/2 month low. Lower T-note yields Tuesday weighed on the dollar. Also, the euro's strength undercut the dollar as EUR/USD rose to a 7-1/2 month high Tuesday. The dollar extended its losses Tuesday after Fed Governor Bowman said she supports Fed rate cuts if inflation keeps falling.

Dollar Falls and Gold Rallies on the Outlook for Lower US Interest Rates

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!!!’

Reuters

(Reuters) -European Central Bank policymakers saw no urgency in cutting interest rates last month but hinted at a fresh discussion in September as high rates take a toll on growth, the accounts of their July 17-18 meeting showed on Thursday.

ECB policymakers shift focus to September meeting

NewsBreak

European markets higher ahead of Powell speech; Nestle down 2.2%

LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell's speech later in the session from Jackson Hole,...

European markets higher ahead of Powell speech; Nestle down 2.2%

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