Joe Biden Boasted ‘I Cured the Economy’ Days Before Global Market Rout
President Joe Biden claimed the Biden-Harris administration had “fixed” the economy just days before the Dow Jones Industrial Average. Dropped On Monday morning, the Nasdaq fell 900 points, or 6%, as stocks tumbled globally. “I fixed the economy,” Biden said Tuesday when asked about his administration’s accomplishments. Joe Biden, last week: “I fixed the economy.” […]
Chatter about possible recession in US grows as global markets tank, ‘Bidenomics’ apparently fails to deliver
Markets around the world, including in the United States, fell sharply on Monday as investors began to openly express concern about a possible U.S. economic recession. Like Friday, global markets fell sharply on Monday. The Dow Jones Industrial Average opened down more than 1,000 points and was trading down about -2.6% overall as of mid-morning. […]
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 […]
Trump reacts to global stock-market selloff: 'I told you so!!!'
Former President Trump seemed pleased with the sudden drop in global stock markets on Sunday night, suggesting his Democratic rivals were to blame. “The Stock Market Crash. I TOLD YOU SO!!! Kamala has no idea. Biden is fast asleep. All caused by incompetent leadership in the United States!,” Trump wrote on his Truth social platform […]
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 […]
5 lessons learned halfway through the global year of elections
As has been widely reported, 2024 Many electionsBillions of voters are eligible to go to the polls. The election numbers are a stark reminder that elections remain the preferred way societies determine their leaders, and that even authoritarian states feel compelled to hold elections to maintain a semblance of legitimacy. As we approach the middle […]
Delta CEO says global tech outage cost airline $500M
Delta Air Lines CEO Ed Bastian said the recent global technology outage caused the airline to experience widespread flight delays and cancellations, costing the company $500 million. “This cost $500 million,” Bastian said Wednesday on CNBC’s “Squawk Box.” “Over the course of five days, we lost tens of millions of dollars a day in lost […]
Paramount Global receives competing bid of up to $43B from Apex Capital
Investment firm Apex Capital Trust said Wednesday it had submitted a competing proposal to acquire Paramount Global for up to $43 billion in an all-cash deal. Paramount has a 45-day “go-shop” period during which it can secure new deals following its merger deal with David Ellison’s Skydance Media. Paramount and National Amusements did not immediately […]
Microsoft investigates new outages after global CrowdStrike debacle
Microsoft said Tuesday it is investigating outages affecting its 365 Office applications and services following the global CloudSteady disruptions earlier this month. The company said it was experiencing issues with some of its 365 services, preventing customers from using cloud-based apps like Word, PowerPoint and Outlook. “We are currently investigating access issues and performance degradation […]
Delta to seek compensation from Microsoft, CrowdStrike over global outage
Delta Air Lines has hired a law firm to seek compensation from Microsoft and CrowdStrike over the global cyber outage that disrupted air travel around the world earlier this month. CNBC reported: Monday. The Atlanta-based airline has been the slowest of any major U.S. airline to recover after a technical outage that caused the cancellation […]