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

Markets Insider

Trump's re-election could be 'perilous' to stocks, given his economic policies, three researchers said.

The 'Trump dump': The presidential hopeful causes deep stock losses in companies and industries he targets, researchers say

Reuters

TOKYO (Reuters) - More Japanese companies believe a Kamala Harris presidency in the U.S. would be better for their businesses than a second Donald Trump administration, a Reuters survey showed on Thursday, reflecting the respondents concerns about protectionism and policy unpredictability.

Japan firms see Harris presidency as better for business than Trump, Reuters survey shows

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

It’s another day in the Long March out of China by Western firms. This time around, it’s IBM’s turn. On Monday, the tech giant announced it would be shutting down its Chinese research and development team, shifting some operations to other international locations and affecting around 1,000 employees in the process. At this point, it would have been more surprising had it stayed.

IBM Shutters Its China R&D Division

Atlanta, GA

A tire that exploded on a Delta Air Lines DAL-operated Boeing 757 on Tuesday morning killed two workers and injured another in Atlanta. The tragic incident is a reminder that airplanes are incredibly dangerous machines and that their engines aren’t the only component capable of unleashing serious power. Suggested...

Airplane tires like the one that killed 2 Delta workers are like bombs in waiting

These growing companies could multiply your money over the next decade. Artificial intelligence (AI) is estimated to add trillions in value to the global economy through cost savings and productivity gains in the coming years. The returns for investors could be very lucrative, if you own the right stocks. While...

2 AI stocks to Buy Now With $200

Advance Auto Parts Announces Sale of Worldpac to Carlyle for $1.5 Billion. RALEIGH, N.C., August 22, 2024 - Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, announced that it has entered into a definitive agreement to sell Worldpac, Inc., an automotive parts wholesale distribution business, to funds managed by global investment firm Carlyle (NASDAQ: CG) for $1.5 billion in cash. The transaction is expected to close before the end of the year.

Advance Auto Parts announces sale of Worldpac for $1.5 billion

Polk County, FL

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contributor

Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

The US housing market added over $3 trillion in value over the last year alone, per a Redfin analysis.

The US housing market is on the verge of hitting a record $50 trillion valuation as prices keep rising

Former President Donald Trump could offload his 114.75 million shares of Trump Media & Technology Group, or about 60% of the company’s outstanding stock, next month. While the move would line his pockets, it could spell trouble for the already troubled stock. Suggested Reading. Trump’s stake in the public...

Donald Trump could make more than $2 billion dumping his Trump Media stock. Here's what to know

Eli Lilly LLY announced on Tuesday that it is now offering the two lowest doses of its popular weight loss drug Zepbound at approximately half the original price. The pharma giant said it has launched a single-dose vial option for Zepbound in an effort to meet soaring demand of the treatment. The lowered prices also make Zepbound more competitive with cheaper off-brand versions of the medication.

Eli Lilly just cut some Zepbound prices in half — but there's a catch

Stellantis STLA is in something of a bind right now, it’s facing off against the Italian government, is struggling to sell Jeeps in a world of SUVs and might be about to head to court against its own shareholders. Because of this, the heir to the Chrysler family thinks it’s time for them to step in and save the historic American car brand from Stellantis.

It's time to save Chrysler from Stellantis, a Chrysler heir says

McDonald’s is hoping to attract more U.S. customers with a new, big sandwich reportedly named the “Chicken Big Mac.”. AI stock hot streak will continue, strategist says. If the name sounds familiar, it’s because it is. The sandwich is designed to resemble the classic Big Mac, but in a new way.

McDonald's Big Mac is going chicken

Oregon State

Corvallis, OR

Hewlett-Packard (HPQ) (HP) is the latest recipient of proposed U.S. funding to boost the country’s semiconductor manufacturing efforts. The tech company will receive up to $50 million in proposed direct funding from the Chips and Science Act to support the expansion and modernization of an existing campus in Corvallis, Oregon, the Biden administration announced Tuesday. The proposed $50 million will further investment in microfluidics technology, or “the study of the behavior and control of fluid on a microscopic scale,” according to HP. The Oregon-based fab is part of HP’s “lab-to-fab” ecosystem that includes research and development as well as commercial manufacturing.

HP will get $50 million in Chips Act funding to support an Oregon facility

California State

Tesla CEO and xAI founder Elon Musk has thrown his support behind a California bill that’s divided Silicon Valley and promises to regulate the artificial intelligence industry. Suggested Reading. The bill, SB 1047, would mandate companies that have spent more than $100 million to develop an AI model, or...

Elon Musk just threw his support behind a controversial bill to regulate AI

CNBC's Phil LeBeau joins 'Power Lunch' to discuss the shares tumble of Chinese EV automakers.

Chinese EV makers are growing, but face a headwind from slowing Chinese demand

Georgia State

Daily Coffee Press

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

Berkshire Hathaway BRK.A CEO Warren Buffett just got an early birthday present. Berkshire Hathaway, Buffett’s sprawling Omaha-based conglomerate, reached a market capitalization of $1 trillion Wednesday, becoming the first U.S. company outside of the tech sector to reach the milestone. Shares of Berkshire climbed 1% Wednesday morning to hit...

Warren Buffett's Berkshire Hathaway just hit a $1 trillion market cap

Fox Business

Stocks bounced back on Tuesday morning following a prior session that saw the Dow Jones Industrial Average fall more than 1,000 points in its worst day since 2022.

US stocks bounce back after global market sell-off

NewsBreak

Canada wants to slap massive tariffs on Chinese EVs as BYD looks to enter the market

Canada on Monday said it would join the U.S. and Europe in slapping China-made electric vehicles with massive tariffs as firms like BYD (BYDDY) look to...

Canada wants to slap massive tariffs on Chinese EVs as BYD looks to enter the market

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