24/7 Wall St.

The Federal Reserve was unlikely to cut rates next week, but Wall Street anticipates a September reduction. Investors are largely expecting an easing cycle to begin, with more interest rate cuts from the Fed materializing in 2024 and 2025. Stocks recently surged on this anticipation, as investors price in what this will mean for stocks […]
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Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

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

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

Gold prices rose by more than 1% on Monday to hit the highest since Aug. 2, driven by safe-haven inflows as traders awaited U.S. inflation data this week that could shed more light on the Federal Reserve's interest rate cut path. Spot gold rose over 1% to $2,458.25 per ounce...

Safe-haven demand lifts gold to highest in 10 days; U.S. data in focus

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Wall Street little changed. The S&P 500 and the Nasdaq Composite...

CNBC Daily Open: Oil soars on Middle-East tensions

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Louisiana State

California State

Local officials and advocates in California are divided over Gov. Gavin Newsom's recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. In June, the Supreme Court ruled that punishing homeless people for...

'It’s mayhem and craziness': Californians react to Gavin Newsom’s order to remove homeless encampments

Around six years ago, married couple Christina, 37, and Noah, 35, took $10,000 out of the bank. The money had been sitting idle in an old personal account of Christina's, but a documentary on the bank's practices prompted the couple to get the money out of there, they told self-made millionaire and money expert Ramit Sethi on a recent episode of his "I Will Teach You to be Rich" podcast. Their last names were not used.

Millennial couple left $10,000 in cash sitting in a closet for years — why they still stress about money

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

The economic headlines are concerning this week, but opening a certificate of deposit can help protect your money. While the Federal Reserve held interest rates steady at last week’s meeting, a dismal July labor report triggered recession fears and stock market panic. As a result, some economists are calling for the Fed to make an emergency interest rate cut before its next meeting in September. And with CD rates already falling over the past several weeks, the sooner you open a CD, the better your earning potential could be.

Best CD Rates Today -- APYs Drop Amid Recession Fears, Aug. 7, 2024

Markets Insider

"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk," Bill Dudley wrote.

It may already be too late for the Fed to stop a recession, former central bank president says

New Jersey State

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New Brunswick, NJ

Morristown Minute

NEWARK, N.J. -A Middlesex County man, Kenneth Strickland, 57Kenneth Strickland, 57, from New Brunswick, has been convicted of his involvement in a large-scale conspiracy to distribute fentanyl and heroin. U.S. Attorney Philip R. Sellinger announced that Strickland was found guilty on July 29, 2024, of all six counts in a superseding indictment.

NJ Man Convicted in Large-Scale Fentanyl & Heroin Trafficking

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 Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Tracey Tee, 48, and her business partner spent nearly a decade building a successful brand and traveling across the country performing parent-focused comedy sets. "And then Covid [and] the lockdowns happened," she says. "Within two weeks, we had to cancel nearly 100 shows for 2020, and lost everything. Almost a 10-year business just slipped through our fingers like sand. And the grief of that, especially what felt like an epic failure that just wasn't our fault, was intense and then compounded with the lockdown."

48-year-old founded 'Moms on Mushrooms' to share the practice of microdosing for mental health

CBS San Francisco

A highly-dreaded U.S. recession is no longer in the works, according to Bank of America CEO Brian Moynihan. The nation's second-largest bank is not predicting an economic downturn "anymore," Moynihan told CBS' Margaret Brennan on "Face the Nation" Sunday. "Last year, this time, it was a recession," he stated. "This year we talked about now there's no recession."BofA's latest prediction suggests the Federal Reserve's efforts at taming inflation while keeping the U.S. economy afloat are working. Consumer spending has softened, Moynihan said, citing the lender's vantage point of having a customer base of 60 million. People in July and August spent at...

Bank of America no longer forecasts a U.S. recession in 2024

Students and their families, along with college financial aid administrators, hoped the 2025-26 school year would be a return to normalcy. It doesn't look like that will be the case. The Department of Education announced the 2025-26 Free Application for Federal Student Aid won't be available for everyone on Oct....

FAFSA delays will keep plaguing students for 2025-26 school year—how to maximize your chances of getting financial aid

NewsBreak

Correction in Japanese bank stocks is 'overdone': Goldman Sachs

Makoto Kuroda of Goldman Sachs says Japanese...

Correction in Japanese bank stocks is 'overdone': Goldman Sachs

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