The stock market’s tanking: What to know
Allianz Chief Economic Advisor Mohamed El-Erian explained on “The Craman Countdown” why the Federal Reserve should cut interest rates in September. Stocks fall for third straight session, worst trading day since September 2022 The “Magnificent Seven” technology leaders saw their market capitalizations drop by nearly $800 billion after Warren Buffett sold a large chunk of […]
What should investors do during stock market selloffs?
Jason Katz, managing director and senior portfolio manager at UBS, appeared on “Varney & Co.” to react to the ongoing market sell-off. Stocks plummeted on Monday. Concerns about the U.S. economy With major stock indexes in their worst performance in two years and a possible recession, some investors are concerned about how to protect their […]
US stock futures bounce back after global market sell-off
“The Craman Countdown” panelists Jack Manley and Simeon Hyman discussed market sentiment and earnings as stocks took a big hit on recession fears on Monday. Stock futures rebounded on Tuesday, a day after Wall Street experienced its worst day since 2022 as fears of a U.S. recession sparked a global stock market sell-off. Dow Jones […]
Sean Hannity reacts to the stock market decline
Fox News host Sean Hannity said, “Hannity” Sean Hannity: I would like to talk about another crisis. This one is happening right here in the country. Stock prices have plummeted for three days in a row. Global recession Unemployment is rising while key industries struggle with high interest rates. Reporter warns Kamala Harris ‘hype’ may […]
Billionaires see net worth drop amid stock market turmoil
Robert Prechter, author of The Socio-Economic Theory of Finance, analyzes today’s economic environment in “Cavuto: Coast to Coast.” Several billionaires saw their net worths fall on Monday amid major turmoil in global markets. Amazon founder Jeff Bezos, Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg were among the billionaires who saw their estimated […]
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 […]