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.” […]
“THE GREAT DEPRESSION OF 2024” – Donald Trump Reacts To Stock Market Plunge
The Pro Trump News home page features 60 new headlines every 24 hours, click here to see them. The Dow Jones Industrial Average fell more than 1,000 points on Monday. The Epoch Times reported: U.S. stocks fell sharply on Monday morning as fears of a U.S. economic recession grew in recent days, intensifying selling pressure […]
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 […]
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 […]
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 […]
$2.9T ‘Wiped’ From Stock Market, Worst Day Since COVID-19: ‘Recession Fears Mounting’
Stock price figures display on screens at the New York Stock Exchange during afternoon trading in New York City on August 2, 2024. Stocks closed lower after July employment figures showed a slowdown in the labor market. The Dow Jones Industrial Average closed down more than 600 points after falling nearly 1,000 points, and the […]
Trump campaign nails ‘Kamalanomics’ as stock market crashes on bad unemployment report
The stock market reacted negatively to the worsening unemployment report, and the Trump campaign blasted Democrats for what some saw as a sign of an economic recession. “Kamala Harris has repeatedly and proudly celebrated her role as Joe Biden’s co-pilot for ‘Bidenomics.’ She cast the deciding votes in the Senate for inflation-boosting spending, and despite […]
Powell: Fed could cut rates 'as soon as' September if inflation, job market keep cooling
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank could cut interest rates “as early as” September if inflation and the job market continue to cool. After the Fed announced it would keep interest rates steady on Wednesday, Powell said it needed to see a combination of generally healthy economic data, along with […]
Housing begins to tip in favor of buyers; sellers slash prices to entice them back to market: report
Buyers may finally have the upper hand in the housing market. (iStock) As homebuyers back out of homes, some home sellers have been forced to lower their asking prices in order to complete the sale, Zillow reported recently. report Said. Nearly a quarter of sellers were forced to reduce their prices to generate purchasing interest […]
Spooked stock market faces tech earnings minefield, Fed meeting
Spooked investors are gearing up this week for earnings reports from the market’s biggest tech companies, a Federal Reserve policy meeting and a closely watched jobs report that could determine the short-term trajectory of U.S. stocks after a wild turmoil. A months-long rally for big tech stocks hit a wall in late July, leading to […]