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

Contrary to what many believe in, investment research firm BCA Research sees that the economy is on the cusp of a recession. "There's things that are breaking down quite rapidly now," Garry Evans, BCA Research's chief strategist of global asset allocation said on CNBC's "Squawk Box Asia." Contrary to what...

A recession is coming in the U.S., and 'a few rate cuts' won't prevent it, says strategist

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

NEW YORK (August 15) Gold has seen its best performance in decades in 2024 amid its climb to a new record high of $2,483.35, and while the yellow metal has struggled to rally above $2,480 on three separate occasions, one analyst says it's only a matter of time before it succeeds and breaks above $2,500.

Gold and silver to rally through the end of 2024, copper likely to lag

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD...

British Pound (GBP) Price Action Ideas: Sterling Set for Correction? GBP/USD, EUR/GBP and GBP/JPY

Las Vegas, NV

Zoreen Kabani was always passionate about style. "I love clothing, love fashion, love being coordinated," she says. She just didn't think she could make a career out of it. Kabani, 37, and now based in Las Vegas, spent the first decade or so of her career working in finance. In her native Pakistan, "it's still a point of expectation to be in some form of a traditional career path," she says. She was a financial analyst at Goldman Sachs then a banker and financial advisor at JPMorgan Chase.

37-year-old brings in more than $100,000 a month selling clothes on Whatnot: ‘Consistency is key’

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Tuesday’s rapid-fire: Coca-Cola, Hershey, Cleveland Cliffs, Ferrari, BlackRock

Business Insider

The electronic communications and navigation systems the West depends on are vulnerable to Russian attack.

Russia is signaling it could take out the West's internet and GPS. There's no good backup plan.

Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more Home Depot.

Trade Tracker: Stephanie Link buys more Home Depot

Corn futures started falling out of the overnight gates on Sunday night and continued that trend through the rest of the day. Contracts were down 4 to 6 cents at the close. Monday afternoon’s Crop Progress report indicated 84% of the US corn crop was in the dough stage as of August 25, 1% above normal. There was 46% of the crop dented, with 11% dented, both respectively 4% and 5% ahead of the 5-year average pace. Crop ratings were down 2% to 65% in the good to excellent categories, which dropped the Brugler500 by 5 points to 363, the lowest it has been so far this growing season.

Corn Closes Weaker on Monday, Crop Ratings Fall

Iowa State

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Wisconsin State

National Weather Force

Severe thunderstorms are expected across parts of the Midwest much later today, particularly impacting areas in northern Illinois, eastern Iowa, and southern Wisconsin. These storms will be capable of producing damaging winds, large hail, and isolated tornadoes.

Damaging Winds, Large Hail & Isolated Tornadoes Possible; Midwest; Evening; August 27th, 2024

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

A New York federal judge ordered U.S. probation officials to investigate the recent arrest of a convicted drug dealer who was released from prison in early 2021 after his 10-year sentence was commuted by former President Donald Trump. The order raises the possibility that the drug dealer, Jonathan Braun, could...

Trump clemency recipient's arrest draws attention of judge in old drug case

By law, the IRS must notify the State Department if an individual's federal tax debt is "seriously delinquent." This is a large federal tax debt — of more than $62,000 in 2024 — that the taxpayer has repeatedly ignored. If taxpayers don't remedy their overdue bill, the government...

The IRS has a method of 'last resort' to collect overdue taxes: Revoking your passport

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 New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

Fort Myers, FL

Akeena

In the ever-evolving landscape of Florida’s retail scene, Publix is updating its footprint once again. The long-standing Publix at 6900 Daniels Parkway, located in the Daniels Crossing shopping plaza in Fort Myers, has recently begun its transition from an old favorite to a new, modern format.

A Publix That’s Been Around for 3 Decades Is Getting Torn Down for a New-Format Store in Florida

Markets Insider

"I think it's hard for a recession to find something to bite on, a vulnerability to bring us down," Wall Street veteran Jim Paulsen said.

The Fed has opened the door for 'a brand new bull market' in stocks, Wall Street strategist Jim Paulsen says

Irvine, CA

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NewSantaAna

The Irvine Police Department’s Spectrum team was notified of a woman shoplifting at Sephora on Wednesday. When loss prevention tried to stop her, she refused to stop. As the Spectrum team arrived, loss prevention lost the suspect in the parking lot. An excellent citizen told the officers they observed the suspect enter a white Tesla and crawl into the trunk.

Shoplifter arrested after hiding in her Tesla’s trunk at the Irvine Spectrum

Georgia State

Daily Coffee Press

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

NewsBreak

Copper prices near six-week high as one strategist says the 'worst of the correction is over'

Prices of the red metal have been climbing steadily in recent weeks, paring losses after falling to a four-month low in early August. Saxo Bank's Ole...

Copper prices near six-week high as one strategist says the 'worst of the correction is over'

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