Oil prices see volatile day amid stock selloff, Iran fears
Oil prices swung wildly on Monday, hit by a mix of conflicting factors: a drop caused by a broad stock market sell-off and a rise caused by fears of possible Iranian retaliation against Israel. Brent crude, the world’s main price benchmark, fell to a low of $76.05 in the morning before fluctuating throughout the day […]
Stock market sell-off sparks ominous trending topics on social media
Jeff Sika, CEO of Circle Squared Alternative Investments, commented on the market sell-off, arguing that the problem lies in the credit markets. Ominous messages trended on social media on Monday amid widespread sell-off in markets around the world and fears that a combination of economic and geopolitical uncertainty could lead to difficult times. The hashtag […]
“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 […]
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 […]
$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 […]
Intel suffers one of its worst days in 40 years as stock plunges 26% after earnings miss
Intel shares plunged more than 25% in trading on Friday, its worst trading day in 40 years. The company: Disappointing predictions The company said it would cut its workforce by 15%, deepening concerns about whether it can keep up with Taiwan’s TSMC and other chip makers. “Intel’s problems are now approaching an existential threat in […]
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 […]
Intel stock, chipmakers, AI, job cuts
Jason Katz, managing director and senior portfolio manager at UBS, discusses in Varney & Co. whether big tech earnings will boost the stock market. Intel shares plummeted after the company said it would cut about 17,000 jobs and suspend dividend payments as part of a massive cost-cutting plan. The company plans to “resize and refocus” […]
Warren Buffett dumps $3B worth Bank of America shares to cash in on soaring stock price
Billionaire investor Warren Buffett has profited by selling more than $3 billion worth of Bank of America stock in the past few weeks after shares of the second-largest US bank surged. According to a regulatory filing late on Monday night, the 93-year-old Buffett, known as the “Oracle of Omaha,” liquidated 18.4 million shares of the […]
Dow Jones Today: Major Stock Indexes Hover Near Unchanged in Afternoon Trading – Investopedia
Solar stocks fall on concerns about potential hackers 16 minutes ago Shares of solar power companies including Enphase Energy (ENPH) and First Solar (FSLR) fell on Monday after reports that federal officials had expressed concerns about the possibility of hackers attacking the renewable energy sector. CNBC Pointing to a Private Industry Notice (PIN) sent by […]