Stock market sell-off sparks ominous trending topics on social media
Jeff Sika, CEO of Circle Squared Alternative Investments, commented on the market sell-off, arguing that the problem lies in the credit markets. Ominous messages trended on social media on Monday amid widespread sell-off in markets around the world and fears that a combination of economic and geopolitical uncertainty could lead to difficult times. The hashtag […]
‘They’ve Never Been Down 1,000 Points’: Fox Business Host Left Stunned By Wall Street Sell-Off
Fox Business host Lauren Simonetti was left stunned by a massive drop in the NASDAQ Composite Index at the start of trading Monday morning. The NASDAQ fell on open on Monday, down over 1,000 points, recovering slightly to around 500 points in the first two hours of trading, while the Dow Jones Industrial Average dropped […]
Charles Schwab, Fidelity, other brokerages experience outages amid market volatility
Jeff Sica of Circle Squared Alternative Investments weighed in on the market sell-off, arguing that the problem lies in the credit markets. Several of the nation’s largest securities firms were hit by sharp fluctuations in the stock and bond markets on Monday, with the Dow Jones Industrial Average falling by more than 1,000 points. Ticker […]
‘KAMALA CRASH’: Trump Blames ‘Radical Left Lunatic’ Harris For ‘Massive Market Downturn’
Former President Donald Trump blamed the Monday stock market dive on Vice President Kamala Harris in a series of Truth Social posts. The market experienced a worldwide sell-off on Monday that hit American stocks as concerns over a possible U.S. recession take hold, Fox Business reported. Trump took to Truth Social to attribute the downturn […]
Wall Street’s fear gauge surges as global market selloff deepens
Weak jobs report sends stocks plummeting on recession fears. Adam Turnquist, chief technology strategist at LPL Financial, explains more. Wall Street’s fear index surged to its highest level in more than four years early Monday amid a global market sell-off. The Cboe Volatility Index, or VIX, a gauge of investor fear, surged 172% to 62.27 […]
US stocks tumble as part of global market sell-off
Hedge fund manager Jonathan Honig of Capitalist Pig advises investors to focus on what’s working in the market right now, and it’s not Big Tech. U.S. stock futures fell sharply on Monday as fears of a U.S. recession caused turmoil across global markets. The Dow Jones Industrial Average fell more than 700 points, Nasdaq futures […]
Warren Buffett’s Berkshire cuts Apple stake by half, boosts cash stockpile to $277B
Neuberger Berman Senior Research Analyst Dan Flax predicts earnings for big tech companies and which stocks are well-positioned. Warren Buffett’s Berkshire Hathaway The company plans to sell about half of its Apple shares, increasing its cash holdings to about $277 billion, according to figures released on Saturday. Berkshire’s quarterly report It suggests that the 93-year-old […]
Intel’s massive job cuts come after it received $8.5 billion in taxpayer money
Evolution VC Partners founder Greg Smith analyzes Varney & Co.’s ‘massive’ stock market sell-off Months after the federal government gave Intel $8.5 billion in subsidies to bring chip manufacturing back to the U.S., the company announced it would cut 15% of its workforce, or about 17,000 jobs. The technology company announced the job cuts as […]
Coca-Cola to pay $6 billion in back taxes and interest to the IRS after tax court ruling
In a ruling, a U.S. Tax Court judge in Atlanta ruled that the soda giant owes the IRS $2.7 billion plus interest. Coca-Cola announced Friday that it will pay $6 billion in back taxes and interest following a settlement with the IRS in a lawsuit dating back nearly two decades. The dispute covers fiscal years […]
ALFREDO ORTIZ: Kamala Harris Is A Threat To Entry-Level Jobs
The American job market has significantly downshifted as consumers, who drive the economy, are tapped out from the ongoing cost-of-living crisis under the Biden-Harris administration. According to Friday’s employment report, only 115,000 jobs were created in July (67,000 using the more accurate household survey). That’s well below expectations and the recent average. More than two-thirds of […]