Stocks sell off on recession fears after weak jobs report
U.S. stocks fell sharply on Friday after a weaker-than-expected jobs report stoked concerns the economy could be slowing more quickly than analysts had expected. The Dow Jones Industrial Average, a benchmark index of 30 major U.S. companies, fell more than 900 points in morning trading on Friday and closed down 750 points, or 1.9 percent, […]
Los Angeles Olympics boss Casey Wasserman accused of being serial adulterer: report
A Hollywood mogul appointed to take charge of the 2028 Olympics in Los Angeles is a habitual adulterer with a “chronic condition” of sleeping with his subordinates, a shocking report has said. Casey Wasserman, 50, CEO of Wasserman Media Group, “love-bombed” his mistresses with expensive gifts, including Louboutin shoes, La Perla lingerie, handbags and Range […]
A closely tracked recession signal just got triggered by the July jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. Weaker than expected July employment report A reliable recession indicator The policy, closely watched by Wall Street, has rekindled concerns about the health of the U.S. economy and triggered a […]
stocks selloff, dow, S&P, Nasdaq, jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. U.S. stocks are on their worst run since 2022 as a series of weak economic reports has fueled investor concern that a recession is on the way. All three major […]
Warren hammers Powell over jobs report: 'Cut rates now'
Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chairman Jerome Powell for keeping interest rates steady earlier this week after Friday’s weaker-than-expected jobs report. “Fed Chairman Powell made a serious error by not lowering interest rates,” Warren said in a post on X. “He has been warned many times that if he waits too long, the […]
Dow plunges over 900 points after weak jobs report sparks recession fears
The Dow Jones Industrial Average plunged more than 800 points and the Nasdaq entered a correction on Friday, on track to fall more than 10% from its July record, as weak jobs data stoked fears of a slowing U.S. economy and pessimistic outlooks for Amazon and Intel dampened sentiment. The Dow Jones Industrial Average fell […]
Kamala Harris finishes vetting potential veeps, announcement imminent: report
Vice President Kamala Harris has completed her selection of a running mate and plans to consider her options over the weekend before making an announcement early next week, according to a new report. Covington & Burling, the law firm that was vetting Harris’ candidacy, turned over the materials to the Harris campaign on Thursday. The […]
Report: U.S. Economy Added 114K Jobs In July, Unemployment Increases To 4.3%
(Photo: Olivier Dourilley/AFP via Getty Images) By James Myers, OAN StaffFriday, August 2, 2024 7:56 AM U.S. job growth slowed more than expected in July and the unemployment rate rose to 4.3%, raising concerns that the labor market is stagnating and the economy could tip into recession. advertisement The Labor Department’s Bureau of Labor Statistics […]
REPORT: Slew Of A-Listers In Talks For ‘Yellowstone’ Spinoff
With Matthew McConaughey seemingly out of the picture, a slew of A-list stars are reportedly “in negotiations” to star in “Yellowstone’s” first full-scale spinoff. “Suits” star Patrick J. Adams is the latest Hollywood star to take on the Yellowstone College setting. according to Deadline reported Thursday that Adams will star alongside Michelle Pfeiffer and Kurt […]
‘Not acceptable’: AOC demands timely report on Trump rally security
Rep. Alexandria Ocasio-Cortez, D-N.Y., questions Secret Service Director Kimberly Cheatle on the perimeter established at the … source