Japanese stocks experienced their biggest daily loss ever on Monday, August 5. Fears of a US crash have begun to ramp up. The Nikkei 225 index of leading stocks in Tokyo went down by 4,451 points. It’s the biggest drop in history. The index has closed more than 12% down. That takes its losses since early July to 25%, entering bear market territory.

Stocks Crash in Biggest One-Day Drop Ever as Global Market Rout Intensifies

CBS Miami

Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,200 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending. The S&P 500 slid 129 points, or 2.4%, to 5,217 in early afternoon trading, while the tech-heavy Nasdaq Composite sank 2.9%. Investors are fleeing the Big Tech names that until recently had powered the U.S. market higher: Apple shed 4.2% while Meta fell about 2% in afternoon trading. Chipmaker Nvidia tumbled 5.6%.The Dow Jones Industrial Average tumbled 1,238 points in early...

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

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

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?

JPMorgan Chase is expanding, with the aim of reaching more Americans in smaller cities and towns. Chairman and CEO Jamie Dimon is embarking on his 14th annual bus tour on Monday, with his first stop in Iowa, where the bank plans to open 25 more branches by 2030. The firm...

JPMorgan Chase is opening more small-town branches in middle America

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

CNBC’s Steve Liesman and Chicago Fed President Austan Goolsbee joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, rate path outlook, and more.

Chicago Fed President Austan Goolsbee: If conditions start to deteriorate, the Fed will 'fix it'

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

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'

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

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.”. That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly...

Market Bloodbath: S&P 500 Crashes $1.2 Trillion in Hours as Recession Fears Soar

Gold fell more than 1% on Monday, caught in the slipstream of a global, wider market sell-off driven by mounting economic concerns, although analysts said this would be a temporary correction for the safe haven. Spot gold was down 1.6% at $2,403.39 an ounce. U.S. gold futures lost 1% to...

Gold slides over 1% as wider market rout spills over

960 The Ref

U.S. stocks are set to open sharply lower Monday, adding to steep declines in Asia and Europe and deepening a sell-off tied to worries about a recession in the U.S. economy. Japan’s main index plunged more than 12%, its worst day since 1987. S&P 500 futures are down 3.1%...

Wall Street headed sharply lower again after Japan's Nikkei index tumbles to worst loss since 1987

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

The Motley Fool

The tech-centric index is taking a break from its relentless run, but some stocks in the Nasdaq have much further to climb, according to Wall Street.

2 Nasdaq Stocks to Buy Before They Soar as Much as 226% According to Select Wall Street Analysts

Helima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the state of the energy markets, oil production outlook, impact of Middle East tensions, and more.

Don't see OPEC increasing output into this market, says RBC's Helima Croft

The stock market experienced a massive global sell-off on Monday afternoon, with the Dow dropping over 850 points and the Nasdaq losing over 500 points. China is making luxury electric vans that far surpass anything in the U.S. The bloodbath in the stock market has been caused by several factors,...

The Dow falls over 900 points as the global market downturn worsens

The Nasdaq Composite (QQQ) is on the verge of entering a correction, plummeting more than 10% from its July peak following weak employment numbers and disappointing forecasts from Amazon and Intel. The Labor Department's report showed a rise in nonfarm payrolls by 114,000 in July, far below the expected 175,000, and the unemployment rate increased to 4.3%. This labor market data has fueled speculation that the Federal Reserve might implement a significant half-percentage-point rate cut in September.

Nasdaq Nears Correction as Weak Jobs Report Hits Markets

Bucks County Beacon

Conservatives have done the United States a huge favor by explaining in detail what they’ll try to do if Donald Trump is reelected. Project 2025 , a “presidential transition project” of the Heritage Foundation, helpfully lays out how a group of former Trump officials would like to transform the country into a right-wing dystopia where the rich thrive and the rest of us die aspiring to be rich.

Project 2025’s Plan to Gut Medicare and Medicaid

NewsBreak

$1 trillion wipeout: Market rout punishes megacap tech

The seven most-valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday. The tech-heavy Nasdaq was down...

$1 trillion wipeout: Market rout punishes megacap tech

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