Elon Musk’s X files antitrust lawsuit against GARM ad group
Babylon Bee CEO Seth Dillon tells The Bottom Line why the company is doubling down on its advertising pledge on X, formerly known as Twitter. Elon Musk’s social media platform X has filed an antitrust lawsuit against the Global Alliance for Responsible Media (GARM), accusing the ad group of illegally boycotting companies including X, formerly […]
Joe Scarborough Claims US Economy ‘Still The Envy Of The World’ After Stock Market Meltdown
Joe Scarborough claimed Tuesday on MSNBC that the United States economy was “still the envy of the world” because the fundamentals were “very strong” despite Monday’s stock market crash. The Dow Jones Industrial Average closed down 1,033.99 points Monday, while the S&P 500 dropped by 160.23 points and the NASDAQ fell 576.08 points following a […]
The stock market’s tanking: What to know
Allianz Chief Economic Advisor Mohamed El-Erian explained on “The Craman Countdown” why the Federal Reserve should cut interest rates in September. Stocks fall for third straight session, worst trading day since September 2022 The “Magnificent Seven” technology leaders saw their market capitalizations drop by nearly $800 billion after Warren Buffett sold a large chunk of […]
What should investors do during stock market selloffs?
Jason Katz, managing director and senior portfolio manager at UBS, appeared on “Varney & Co.” to react to the ongoing market sell-off. Stocks plummeted on Monday. Concerns about the U.S. economy With major stock indexes in their worst performance in two years and a possible recession, some investors are concerned about how to protect their […]
US stock futures bounce back after global market sell-off
“The Craman Countdown” panelists Jack Manley and Simeon Hyman discussed market sentiment and earnings as stocks took a big hit on recession fears on Monday. Stock futures rebounded on Tuesday, a day after Wall Street experienced its worst day since 2022 as fears of a U.S. recession sparked a global stock market sell-off. Dow Jones […]
Wall Street Finally On High Alert For Potential Financial Nightmare
The Dow and Nasdaq were down over 1,000 points each Monday after opening bell as Japanese stocks went into a meltdown with massive selloffs. Tokyo’s Nikkei index suffered the worst single-day retreat in almost 30 years since the “Black Monday” crash, closing 12.4% lower, according to The Associated Press. Along with the Dow and Nasdaq […]
‘It’s Nuts!’: Fox Business’ Charles Payne Unloads On Biden-Harris Admin’s Economic Policies As Market Tanks
Fox Business anchor Charles Payne criticized the economic policies enacted by the Biden-Harris administration on Monday as the stock market plummeted at the beginning of trading. The U.S. stock market had its worst opening since 2021 on Monday as the Dow Jones Industrial Average and the S&P 500 dropped as much as 3% and 3.4% […]
‘If You Care About Your Paycheck, You Go With Trump,’ Jim Cramer Says Live On TV
CNBC host Jim Cramer reacted to a Monday meltdown of stock markets by saying that people who care about their personal finances should “go with Trump.” The Dow Jones Industrial Average closed down 2.6% Monday, while the S&P 500 dropped by 3% and the NASDAQ fell 3.43% over fears of a recession following a disappointing […]
Billionaires see net worth drop amid stock market turmoil
Robert Prechter, author of The Socio-Economic Theory of Finance, analyzes today’s economic environment in “Cavuto: Coast to Coast.” Several billionaires saw their net worths fall on Monday amid major turmoil in global markets. Amazon founder Jeff Bezos, Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg were among the billionaires who saw their estimated […]
Stock Market Closes With Huge Losses As Recession Fears Grip US
Major U.S. stock indexes finished the day with huge losses as a disappointing jobs report released Friday stokes fears of an economic slowdown. The Dow Jones Industrial Average dropped 2.60% on Monday, down over 1,000 points, with the S&P 500 and the Nasdaq falling 3.00% and 3.43%, respectively, according to Yahoo Finance. The rapid drop follows […]