Japanese stock market sees biggest drop since 1987 Black Monday
TOKYO, Aug 5 — Japanese shares suffered their biggest one-day crash on Monday since the 1987 Black Monday sell-off, fuelled by last week’s sharp sell-off in global stock markets, economic uncertainty and worries that investments financed by a weak yen were unwinding. The Nikkei stock average (.N225) plunged as much as 12.4 percent after a […]
Mets drop series to Angels as bats stay quiet in disappointing start to road trip
ANAHEIM, Calif. — The Mets didn’t lose a series in July, but the heat at the start of August made it a struggle. In particular, the lineup that put the team back in wild-card contention before the All-Star break was shaky all weekend against the Angels, but was most evident on Sunday. The Mets managed […]
Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac
Mortgage rates fell again this week to their lowest levels since February, according to Freddie Mac. (iStock) Mortgage rates fell again this week to their lowest since February on expectations that the Federal Reserve will cut rates by 25 basis points in September, according to Freddie Mac. According to Freddie Mac’s latest report, the average […]
Hershey cuts yearly guidance, profit after 17% drop in sales
Hershey’s on Thursday reported a 17% drop in second-quarter sales and sharply cut its full-year profit and sales outlook. Shares plunged 4.5% early Thursday morning but have since risen 5%. The Pennsylvania-based candy company, which has a market capitalization of $38.83 billion, like many in the food and snack industry, has been struggling as consumers […]
Harris faces calls to address mass incarceration, drop prosecutor vs. criminal line
More than 160 leaders directly affected by incarceration and criminalization sent a letter to Vice President Harris urging her to develop a campaign platform that addresses mass incarceration. Hill was interviewed exclusively.letterThe bill calls on Harris to reject the use of harmful language about the criminal justice system, including the notion that this year’s showdown […]
USA Basketball 3×3 women fall to Azerbaijan, drop to 0-2 in pool play: “We’re the most inexperienced team here”
On Tuesday, the U.S. women’s 3×3 team lost 13-17 to Germany in their Olympic opener in a game that lead guard Hailey Van Lith called “weak” and teammate Sierra Burdick admitted was “awful.” The U.S. women’s basketball 3×3 program’s poor start to the Olympics got even worse on Wednesday as Azerbaijan defeated the United States, […]
Kamala Harris appears to drop hint about her possible pick for vice president
The 2024 presidential election will mark another major turning point as Democratic nominee Kamala Harris reveals who she will pick as her running mate and may have dropped a hint as to who it will be. Harris’ campaign Announced on Tuesday The vice presidential candidate announced that evening that he plans to make his first […]
Asian Shares Drop as Markets Await Major Events: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian shares fell on speculation that investors were trimming some of their holdings ahead of a string of events scheduled over the next few days, including key central bank decisions, key economic data and earnings reports from large U.S. companies. Most read articles on Bloomberg The MSCI Asia Pacific index extended its decline […]
Report: McDonald’s Has First Drop In Sales Since COVID-19 Era
A McDonald’s logo is displayed at a McDonald’s restaurant in Burbank, California, on July 22, 2024. McDonald’s has extended its $5 meal deal in most U.S. locations after an initial four-week period, and the fast-food icon says the deal is bringing customers back to its restaurants. (Photo by Mario Tama/Getty Images) By James Myers, OAN […]
Yields on cash are likely to drop. Put money to work here instead, Janus Henderson says – CNBC
Investors with cash are getting a nice yield, but that attractive income is about to run out. Money market fund assets hit $6.14 trillion as of the week ending July 24, according to the Investment Company Association. Can you blame investors for hoarding cash in these accounts? The largest money market fund has an annualized […]