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

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

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 Hansen said copper's recent rally had been bolstered by renewed demand from hedge funds which had previously cut their exposure "during the recent and deep 24% correction."

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

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

24/7 Wall St.

The tech stock selloff in July surprised the market but not those investors who were paying attention. As far back as April, Goldman Sachs (NYSE:GS) warned of the coming decline. Its analysts said sector rotation could hurt the market and told investors to look outside of technology stocks for new investment ideas. It was a […]
The post Goldman Sachs Predicts a Double-Digit Rally for These 2 Growth Stocks appeared first on 24/7 Wall St..

Goldman Sachs Predicts a Double-Digit Rally for These 2 Growth Stocks

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

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

Texas State

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power.

Increased sausage demand could be worrying signal on the economy

The basic version of the Mona M03 electric coupe starts at 119,800 yuan ($16,812), with a driving range of 515 kilometers (320 miles) and some parking assist features. A version of the Mona M03 with the more advanced "Max" driver assist features and a driving range of 580 kilometers will sell for 155,800 yuan.

Xpeng releases mass-market EV with basic driver-assist for less than $20,000

Houston, TX

In 2017, Leena Pettigrew was gifted her first houseplant — a golden Pothos, notoriously easy to care for — and killed it. Five years later, she tried again. She and her husband Marquise were redecorating their home in Houston, and they needed to fill its empty corners, she says. She drove to Lowes and bought a couple of succulents.

44-year-old's garage side hustle brings in $12,400 a month—it replaced her husband’s income

CNBC's Joe Kernen reports on the latest news.

More hotels charging $1,000+ a night

The Associated Press

The Dow Jones Industrial Average climbed to an all-time high, even as big tech companies weighed on the broader market, leading U.S. stock indexes to a mixed finish on Wall Street. The S&P 500 fell 0.3% Monday, remaining within 0.9% of its record set in July. The Nasdaq composite fell 0.9%, pulled down by several technology companies that tend to tip the market because of their big values. Nvidia lost 2.2%, Microsoft fell 0.8%, Amazon dropped 0.9%, Meta Platforms slid 1.3% and Tesla lost 3.2%. The Dow rose 0.2%, to 41,240, eclipsing its previous high set in mid-July. The average is less influenced by big tech, with only Apple and Microsoft among the most valuable “Magnificent Seven” stocks in the index. That helped limit the impact of the big tech decliners. The price of U.S. crude oil jumped 3.5% after Israel and the Lebanese militant group Hezbollah traded heavy fire on Sunday, triggering potential supply worries.

Stock market today: Dow closes at a record even as losses for Big Tech pull S&P 500 and Nasdaq lower

Lowe's will no longer participate in surveys for Human Rights Campaign, an advocacy group supporting transgender rights, and is also combining its various business resource groups that represent diverse employees into one umbrella organization, an internal memo obtained by Reuters on Monday showed. The company will not be sponsoring or...

Home improvement retailer Lowe's latest U.S. firm to end some diversity policies

The speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research at Goldman Sachs. The S&P 500 lost 3% on Aug. 5, notching its biggest one-day drop since 2022. Since then,...

Goldman issues warning on how quickly market confidence has recovered from an August stocks slump

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Emily Standley Allard

Sharing a living space with someone on the daily is rarely a walk in the park. Everyone has their little strange quirks, moods and habits that can drive another person crazy. However, some zodiac signs are known for being particularly demanding or having personality traits that naturally make cohabitation a little more challenging to say the least. Let's see which zodiac signs are the most difficult to live with and tips with how to cope!

The 3 Most Demanding Zodiac Signs to Live With

Apple announced it will hold a press event at its headquarters in Cupertino, California, on Sept. 9, where the company is expected to announce new iPhones and Apple Watch models. The launch event will be streamed on Apple's website and YouTube. This year's invites include the tagline "It's Glowtime," a...

Apple announces iPhone event for Sept. 9

Adam Parker, Trivariate Research CEO, joins 'Squawk on the Street' to discuss the core reason for the summer's sell-off, how the chief executive is advising clients now, and much more.

Growth stocks won't see vast outperformance with slowing economy, says Trivariate's Parker

Markets Insider

Aside from the Fed, investors will pay attention to 2nd-quarter earnings results from retailers this week, including Lowe's, TJX Cos., and Target.

Stock market today: S&P 500 hits 8-day win streak as investors focus on Fed conference

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

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NewsNinja

‘Any meat items my dogs refuse to eat, I no longer eat.’ It’s said that animals have a “sixth sense,” which affords them an insight human beings cannot match. There are clips of security camera earthquake footage where pets can be seen wigging out seconds before tremors begin.

‘It ain’t food anymore.’: Dairy Queen customer warns against chicken after his dog refuses to eat it

NewsBreak

Europe markets climb as investors weigh global stock outlook; chemicals, insurance stocks rise

LONDON — European markets were higher on Wednesday as investors looked to fresh earnings and economic data for clues about the outlook for stocks globally. The...

Europe markets climb as investors weigh global stock outlook; chemicals, insurance stocks rise

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