NBC News

LONDON — U.S. stocks were on course for their worst opening of the post-pandemic era Monday as Wall Street continued to react to worse-than-expected jobs data, as well as a massive overnight sell-off in Japanese markets. In premarket futures trading, the Dow Jones Industrial Average dropped as much as...

American recession fears spark huge Japan sell-off, point to lower U.S. open

Gold prices eased in volatile trading on Monday as investors liquidated positions in tandem with a broader equities sell-off, though analysts said bullion's safe-haven appeal remains strong as U.S. recession fears mount. "There's some truth in the old chestnut that all correlations go to one in a crash, and with...

Gold dips in volatile market but retains safe-haven appeal

LONDON (August 5) Gold price (XAU/USD) drops below $2,430 in Monday’s European session. The precious metal faced selling pressure as profit booking kicked in while attempting to recapture all-time highs above $2,480. The overall outlook of the Gold price remains firm as US bond yields post fresh annual lows.

Gold price declines on profit-booking though near-term strength remains intact

A combination of factors is fueling the crypto market’s nose dive to three-week lows as Bitcoin dropped below $60,000 on Sunday for the first time since July 13, analysts say. The asset has shed 10% of its value during weekend trading to just below $55,000, CoinGecko data shows. Total...

Bitcoin Dips Below $55,000 as Macro Uncertainty, Geopolitical Tensions Rise

The key driver of global markets is the yen exchange rate, according to one financial historian. Russell Napier, co-founder of the investment research portal ERIC, said in a recent installment of his "Solid Ground" macro strategy report that investors have been provided with a glimpse of the impact a change in Japanese monetary policy can have on U.S. financial markets.

The end of the 'carry trade'? How Japan's yen could be ripping through U.S. stocks

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?

Maine Morning Star

The unemployment rate climbed to 4.3% in July, up 0.2% from June, the Friday employment report from the Bureau of Labor Statistics shows, alarming some economists who believe the Federal Reserve has waited too long to cut interest rates. The economy added 114,000 jobs and the number of people who were on temporary layoff rose […]

U.S. unemployment rises as the Fed holds tight on key interest rates

CBS News

U.S. stocks plunged for a third consecutive trading day, with the Dow Jones Industrial Average shedding more than 1,200 points, amidst growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending. At the start of trade, the S&P 500 shed 199 points, or 3.7%, to 5,147.88, while the tech-heavy Nasdaq Composite sank 4.6%. Investors are fleeing the Big Tech names that until recently had powered the U.S. market higher: Apple and Meta both fell about 5% in early trading, while chipmaker Nvidia tumbled 10%.The Dow Jones Industrial Average fell slightly below 1,000 points, or...

Dow plunges more than 1,200 points amid U.S. recession fears

Florida State

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Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

South Carolina State

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Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

The Independent

The Bank of England has cut interest rates for the first time since 2020, but signalled people should not expect borrowing costs to start dropping rapidly in the months ahead.The central bank reduced the base rate from 5.25% to 5% after a split vote among its policymakers.It means pressure will be eased for some homeowners who will see their mortgage costs come down, but it could prompt banks to start reducing savings rates.The decision marks a turning point for the Bank’s Monetary Policy Committee (MPC), which has not implemented an interest rate cut since the onset of the Covid-19 pandemic...

Bank cuts interest rates to 5% but signals rapid fall unlikely to come

WashingtonExaminer

A lackluster jobs report that featured unemployment shooting to its highest rate since October 2021 is intensifying calls for the Federal Reserve to begin cutting interest rates. The economy added 114,000 jobs in July, far fewer than expected, and the unemployment rate rose two-tenths of a percentage point to 4.3%, the Bureau of Labor Statistics reported Friday. For the past year, […]

Fed pressured to cut rates as unemployment hits highest level in nearly three years

Jacksonville, FL

Hurricane Debby came ashore Monday morning in the Big Bend area of Florida and was expected to creep across the state toward Northeast Florida. The storm hit near Steinhatchee, north of Cedar Key and 70 miles west of Gainesville.

Hurricane Debby makes landfall; Jax prepares for deluge

Mortgage rates tumbled on Friday to their lowest since April 2023 after a weak jobs report sent bond yields sharply lower and boosted Wall Street's expectations for an interest rate cut from the Federal Reserve at its September meeting.The average rate for a 30-year fixed mortgage dropped 0.22 percentage points to 6.4%, according to Mortgage News Daily. That's the lowest average rate for the most commonly held home loan since April 2023, according to data from Freddie Mac. "The market is moving ahead of the Fed, bringing down longer-term rates including those for mortgages, which should lead to both more home...

Mortgage rates tumble to lowest since April 2023 after weak jobs report

Palantir has emerged as a major force in the artificial intelligence (AI) realm. The company is seeing rapid adoption in the private sector, and its government business has growth picking up. Despite trading at a hefty premium, the bullish long-term picture suggests the stock could have massive upside. Dan Ives...

1 Artificial Intelligence (AI) Stock With 75% Upside to Buy Hand Over Fist, According to Dan Ives

TheStreet

Markets were looking for a clear signal on the Fed's next rate move. Here's what they got.

Fed drops biggest hint yet on next interest rate move

With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

NewsBreak

Gold to All-Time Highs As Mideast War On Knife's Edge

It's getting hairy out there. War may be imminent in the Middle East, and both stocks and commodities are dumping simultaneously. Gold, however, isn't selling off,...

Gold to All-Time Highs As Mideast War On Knife's Edge

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