U.S. stocks fell sharply Monday as part of a global selloff fueled by mounting recession fears among investors. The turmoil seems to have begun on Friday following the release of a disappointing July jobs report, which fueled concerns that the Federal Reserve has moved too slowly to cut interest rates — a move meant to alleviate some pressure on the economy. Further roiling global markets is unusual currency trading out of Japan.

The S&P 500 is down 7.5%—but if you're worried about it, 'you shouldn't own stocks,' says Warren Buffett

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

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

Reuters

MEXICO CITY/NEW YORK (Reuters) -The Mexican peso touched its weakest against the U.S. dollar in nearly two years before paring much of the losses back, as concerns the U.S. economy could be headed for a recession added to recent peso weakness as a popular global trade unwinds.

Mexican peso pares losses, remains volatile on US recession fears

The Dow Jones Industrial Average followed a trend of tumbling global markets when it closed down more than 1,000 points on Monday. The drop followed a dismal July jobs report which showed hiring fell sharply and the unemployment rate climbed to 4.3% — the highest since October of 2021.

US stocks take a tumble amid recession fears

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?

Georgia State

A federal law has forced nearly 122,000 disabled veterans in the last 12 years to return payouts — some totaling tens of thousands of dollars — they received to leave the military when it needed to downsize, according to new data obtained by NBC News. The statistics come...

A little-known law has forced more than 120,000 veterans to return payouts they received to leave the military, new data shows

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

Colorado State

Aurora, CO

David Heitz

The Aurora Police Department released a statement on Tuesday on social media to clear up misinformation about an incident involving thousands of migrants. “Misinformation has spread on social media regarding the large gathering on Sunday at Gardens on Havana shopping center,” Aurora PD posted on X. “We recognize that Sunday’s incident was disconcerting and alarming for a large number of our residents and citizens. The purpose of this message is to provide the community with accurate information based on what we know right now.”

Law-abiding Venezuelans watch election results in Aurora, leave behind mess

Ramit Sethi, self-made millionaire and star of Netflix's "How to Get Rich," says that renting is unfairly dismissed as "wasting money" because "it's going to a landlord" rather than building wealth. But when you pay rent, "you're not throwing money away," Sethi tells CNBC Make It. "You're paying for a...

You're not 'throwing away money' on rent, says self-made millionaire: 'I've made more renting than I would owning'

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Port Richey, FL

Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

It was a pivotal moment for Ukraine on Sunday, as President Volodymyr Zelenskyy watched on as two F-16 fighter jets roared overhead. Flanked by another two of the U.S.-made combat aircraft at an undisclosed location in Ukraine, Zelenskyy announced that the country's air force had already started operations using the warplanes against Russia.

Ukraine finally sends F-16s into the battle against Russia — but they might not be a game-changer

Milwaukee, WI

Bucks County Beacon

It was a scene to behold: a union president delivering a booming, barn-burner speech at the Republican National Convention in Milwaukee—“the first Teamster in our 121-year history” to address the Republican Party, Teamsters President Sean O’Brien told the cheering crowd. While the union hasn’t endorsed former President Donald Trump (yet), O’Brien’s appearance—and Trump’s pick of Ohio Senator and “ Hillbilly Elegy ” author J.D. Vance as his running mate—aimed to solidify the bizarre notion that the Republican ticket is pro-labor and “ economic populist .”

How Trump and Vance Betray America’s Workers

The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s...

JPMorgan Chase Issues Warning To Investors As US National Debt Hits $34,997,540,505,103

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

If you've ever admired a couple that seems to have it together, you might be curious about their secret. Spoiler: Communication is key. Their words don't just reflect their resilience, they contribute to it. As I explain in my book, "13 Things Mentally Strong Couples Don't Do," you can strengthen...

If you and your partner always use these 7 phrases, you're a more mentally strong couple than most

Last year, Starbucks controlled 26.5% of the U.S. coffee and snack shop market, according to research firm IBISWorld. However, the coffee giant has seen global same-store sales decline over the past two quarters. "When you're the market leader, everyone else comes for you and they try to nibble away at...

Why Starbucks is losing customers

NewsBreak

Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says

A rapid unloading of \"carry trades\" extended on Monday, with market participants seeking to roll back on the popular trading strategy amid a dramatic global sell-off...

A rapid unloading of "carry trades" extended on Monday, with market participants seeking to roll back on the popular trading strategy amid a dramatic global sell-off...

Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says

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