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Stocks plunge as weak jobs report, tech woes rattle Wall Street

Stocks fell sharply on Monday morning as growing concerns about the strength of the U.S. economy and the outlook for microchip production spooked Wall Street. The Dow Jones Industrial Average plunged 2.8% after trading on Monday, opening 1,100 points lower. Dow futures were down more than 1,200 points before the market opened on Monday. The […]

Fetterman skeptical of Harris picking Gov. Shapiro as running mate, sources say: Report

Sen. John Fetterman (D-PA) has reportedly expressed caution about Vice President Kamala Harris choosing Pennsylvania Governor Josh Shapiro as her running mate. Aides to Mr. Shapiro conveyed Ms. Harris’ concerns to the campaign, including that Mr. Shapiro was too focused on “his own personal ambitions.” According to PoliticoThe newspaper reported the story citing three people […]

July Jobs Report ‘Generally’ ‘An Indicator of Continued Strength’

In an interview with Bloomberg on Friday, Acting Labor Secretary Julie Su responded to the July jobs report by saying that the number of jobs in July was “still above 100,000. It’s still broad-based,” adding, “Generally, this is an indicator that the economy remains strong.” Host Katie Greifeld asked, “You actually spoke to us back […]