New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

FXDailyReport.com

Gold futures cratered toward the end of the trading week as traders combed through the latest gross domestic product (GDP) report. The yellow metal is slumping even as the US dollar weakens and the US treasury market swims in an ocean of red ink. Market watchers say profit-taking could be the only explanation.

Gold Crashes After US Q2 GDP Tops Forecasts

Bitcoin revisited $65,000 after the July 25 Wall Street open as United States equities recovered from their worst day since 2022. Data from Cointelegraph Markets Pro and TradingView showed a Bitcoin (BTC) price rebound following initial sell-side pressure. This was in the form of trading algorithms, popular trader Skew said...

BTC price inches up with US stocks as Bitcoin bulls fight for $65K

Major U.S. indexes tumbled Wednesday, led by steep declines for technology stocks after worrisome earnings reports from two mega-cap companies. The Nasdaq Composite closed 3.6% lower, a 655-point decline. Wednesday marked the index's biggest one-day point drop in more than four years and biggest percentage decline since October 2022. The...

Markets News, July 24, 2024: Tech Rout Sends Stocks Sharply Lower; Nasdaq Has Worst Day Since 2022

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Pennsylvania State

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Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsByJoshua

If you’ve been following the electric vehicle (EV) scene, you might have heard some concerning news about SK On, the South Korean battery manufacturer. They’ve hit a bit of a rough patch due to lower-than-expected sales of electric vehicles in key markets like Europe and the U.S. Let's dive into what’s going on and why it matters.

Battery Manufacturer Declares Urgency Due to Low EV Sales, Says Financial Times

As chairman of the U.S. Senate Committee on Health, Education, Labor & Pensions, Senator Bernie Sanders released a June report entitled “ By the Wealthy, for the Wealthy: The Coordinated Attacks on Public Education in the United States .” The report is a brief but thorough (16 pages of text, 4 pages of footnotes) takedown of the current wave of attempts to end public education as we know it.

Senator Bernie Sanders Warns in New Report of Right-Wing Billionaire Plot to Sabotage Public Education in Order to Privatize It

Inflation as measured by Personal Consumption Expenditures likely fell in June, according to forecasts, mirroring the trend seen in a different inflation report earlier this month. PCE inflation is especially noteworthy because officials at the Federal Reserve pay close attention to it when setting the nation's monetary policy. Should Friday's...

What to to Expect From Friday's Closely Watched US Inflation Report

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

Markets Insider

Tech stocks tumbled Thursday, weighing on the broader market after the June CPI report. Inflation was cooler than expected last month, clocking in at 3% year-over-year. Investors appeared to take that as a cue to rotate out of some of the biggest winners and buy laggards like small-caps. US stocks...

Stock market today: Tech drags indexes lower, small-caps soar after inflation data boosts rate-cut bets

“[I]nvoking the favor and guidance of Almighty God,” the Constitution of the Confederate States of America composed by southern slaveholders in 1861 sought to “establish justice, insure domestic tranquility, and secure the blessings of liberty to ourselves and our posterity.” The authors of Project 2025, the latest playbook for restructuring the federal government in order to accomplish the policy goals of Christian Nationalists, similarly declare their manifesto will “decide America’s future” by securing their “God-given individual rights to live freely” and exercise dominion over others.

Legislating Inequality: The Christian Confederate Roots of Project 2025

Written by Amy Lieberman , The Conversation ; Jeff Inglis , The Conversation , and Naomi Schalit , The Conversation. The U.S. Supreme Court has ruled that a president, including former President Donald Trump , “may not be prosecuted for exercising his core constitutional powers, and he is entitled, at a minimum, to a presumptive immunity from prosecution for all his official acts.”

Supreme Court Rules Trump Had Partial Immunity as President, but Not for Unofficial Acts

SINGAPORE (Reuters) - Singapore's key consumer price gauge rose 2.9% in June from a year earlier, lower than economists' forecasts and the lowest reading since March 2022, official data showed on Tuesday. The core inflation rate, which excludes private road transport and accommodation costs, was a notch lower than the...

Singapore June core inflation at 2.9% y/y, lowest in more than 2 years

The Associated Press

NEW YORK (AP) — A widespread washout for U.S. stocks dragged Wall Street lower on Thursday. The S&P 500 dropped 0.8% to pull further from its all-time high set on Tuesday. The Dow Jones Industrial Average tumbled 533 points, or 1.3%, from its own record set a day before, while the Nasdaq composite sank 0.7%.

Stock market today: A washout on Wall Street sends stocks, big to small, lower

NEW YORK -- U.S. stocks are stanching the bleeding on Thursday, a day after their worst losses since 2022 led to a wipeout for financial markets around the world. Most stocks on Wall Street climbed after a surprisingly strong report on the U.S. economy raised hopes for profits at smaller stocks and other formerly unloved areas of the market. Continued weakness for a pocket of Big Tech stocks, though, weighed on the S&P 500, and the index was basically flat in late trading after a healthy gain from earlier in the day evaporated.

Global shares tumble after a wipeout on Wall Street as Big Tech retreats

The U.S. gross domestic product (GDP) expanded at an annualized rate of 2.8% in the second quarter, which marks a massive jump from the 1.4% growth rate observed in the first quarter and much higher than the consensus of 2.0%. "While that handily exceeded expectations, we suspect that it may...

Citi sees Fed cutting rates at each consecutive meeting staring in September

South Carolina State

Bluffton, SC

Explore Beaufort SC

In a recent study recently released by popular website safewise.com ranking the safest cities in South Carolina, Bluffton, in Beaufort County, came in at a very impressive #1 on the list this year.

These are the top safest towns in South Carolina

Marathon Digital led the pack, seeing its market cap jump from $5.51 billion on July 8 to $7.56 billion by the end of the week, a 37% increase in five days. The following is an excerpt from The Block’s Data and Insights newsletter. The past two weeks have seen...

Bitcoin mining stocks add billions to their market caps over the past two weeks

NewsBreak

Bitcoin and tech stock continue tumbling after strong US GDP data

Bitcoin fell further, alongside tech stocks, failing to rebound after Thursday’s strong U.S. GDP data and cooler PCE inflation. continued its recent downturn, falling alongside tech...

Bitcoin and tech stock continue tumbling after strong US GDP data

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