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

CBS New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

The Motley Fool

These companies became titans by dominating a single industry, but they're now expanding and seeing success in other areas.

These 2 Dow Stocks Are Set to Soar in 2024 and Beyond

Mediaite

The stock tumble came the day after the company’s earning report on Friday revealed only $836,900 in revenue for the company valued at over $4.5 billion
The post Trump’s Net Worth Tumbles As Media Company’s Stock Drops Amid Anemic Earnings Report And Posts On X first appeared on Mediaite.

Trump’s Net Worth Tumbles As Media Company’s Stock Drops Amid Anemic Earnings Report And Posts On X

Kevin Gordon, Charles Schwab senior investment strategist, and Courtney Garcia, Payne Capital Management senior wealth advisor and CNBC contributor, join 'Closing Bell' to discuss the state of the market, how it will respond to a potential rate cut, any future hurdles on the way, and more.

A Fed rate cut will be 'next big catalyst' for new-highs in markets, says Courtney Garcia

Salon

Former President Donald Trump falsely accused Vice President Kamala Harris of wanting to create a "communist system" in which "everybody gets health care." During his press conference at his golf club in Bedminister, New Jersey, the GOP presidential candidate warned against what he described as the dangers of his opponent. A Harris’ spokesperson told NBC News “The VP will not push single payer as president.”

Trump warns that if Kamala Harris wins, "everybody gets health care"

Retail pharmacy chains such as Walgreens and CVS have pivoted from years of endless store expansions to shuttering hundreds of locations across the U.S. to shore up profits. Among the biggest problems has been falling reimbursement rates for prescription drugs and several factors pressuring the front of the store, such as inflation and increased competition.

Here's why Walgreens and CVS retail pharmacies are struggling — and what they're doing to fix it

New York Post

An ex-girlfriend of Ryan Seacrest was seriously hurt when she swallowed shards of plastic that were in a beverage served to her on a flight to Rome, she claimed in a lawsuit.

Former “Amazing Race” contestant Shana Wall says her throat, esophagus, vocal chords and digestive system were injured May 1 when she gulped down the broken plastic on the American Airlines flight from John F. Kennedy International Airport.

Wall, 51, was confined to bed and unable to work following the incident, and requires ongoing medical care as a result of the internal damage, she claimed in the Manhattan Supreme Court lawsuit...

Ryan Seacrest’s ex seriously injured after swallowing shards of plastic from beverage on American Airlines flight: suit

Detroit, MI

United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in a video Friday afternoon. Fain accused the chief executive of price gouging consumers and failing to uphold parts of the union's labor contract with the automaker. The comments are the latest in an ongoing back-and-forth...

UAW president slams Stellantis CEO over job cuts, alleged price gouging

Broadcast stations owned by Byron Allen have been consistently late in making payments to network owners, angering media allies and creating distance between Allen and his would-be deal partners, CNBC has learned. The payments to ABC, CBS and NBC total tens of millions of dollars throughout the year, and the...

Frequent media bidder Byron Allen draws ire with late payments to ABC, CBS and NBC

San Francisco, CA

CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

CNBC TechCheck Evening Edition: August 16, 2024

Growing up in rural Michigan, Nina Job got familiar with peers and people in her community following a "traditional trajectory." That meant "you go to college, you get married, you have 2.5 kids, you know — happy home, white picket fence type-thing," she tells CNBC Make It. But moving...

'Neither of us feel interested': More Americans don't want kids, and it's not just because of the money

Las Vegas, NV

Zoreen Kabani always assumed she'd go into a traditional professional field. The 37-year-old's family immigrated from Pakistan to California when she was 14 and those were the paths she knew. In Pakistan, the cultural expectation is "you either are in finance or you're an engineer or you're a doctor," she says.

37-year-old went from working in finance to bringing in more than $100K a month selling clothes

Teachers play a critical role in society, tasked with molding young people into the adults that shape the future. But teachers don't get paid as much as many other professionals. The median annual salary for high school teachers is $65,220, according to the Bureau of Labor Statistics. That's as compared to $130,160 per year for software developers and $145,760 per year for lawyers.

3 side hustles for teachers—one can pay as much as $100 per hour

Scott Black, Delphi Management president and founder, joins 'Closing Bell' to discuss why he believes the markets are too euphoric, his top value stock picks, and more.

The markets are expensive, says Delphi Management President Scott Black

Florida State

SpaceX is preparing to launch its next private mission from Florida on Aug. 26, and it will be the company's first attempt at a spacewalk. The four-person crew is made of billionaire and Shift4 founder Jared Isaacman, his colleague Scott Poteet, and a pair of SpaceX employees, Anna Menon and Sarah Gillis.

The first SpaceX spacewalk: What the Polaris Dawn commander says about the bold upcoming mission

Bennington, VT

Small-town residents are longing for new food options, and Chipotle's successful playbook is leading it and other other fast-casual restaurant chains, including Cava and Panda Express, to eye more stores in rural America. Covid dealt a death blow to independent diners, leaving an opening for national operators in towns where...

From Chipotle to Cava and Panda Express, more big restaurant chains are rapidly expanding into small town America

Juggling a job, social responsibilities and taking care of yourself and your family can take a toll on your mental health. If you're taking on more than you can handle, your body may warn you that burnout is on the horizon. However, burnout isn't exactly a mental health diagnosis, says...

3 ways your body is letting you know you're experiencing burnout, from a psychologist

Camden, NJ

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

TheStreet

Her flagship Ark Innovation ETF has sunk 21% year to date.

Cathie Wood buys $59 million of pummeled tech stocks

NewsBreak

Stock futures rise slightly after S&P 500 notches best week of the year: Live updates

Stock futures inched higher in overnight trading Sunday after the S&P 500 registered its best week of 2024. Stocks are coming off a winning week amid...

Stock futures rise slightly after S&P 500 notches best week of the year: Live updates

Comments / 0