Japanese stocks plunge in largest rout since 1987’s Black Monday
Travel expert Lee Abbamonte appears on “The Big Money Show” to discuss Americans traveling to other countries where the dollar is worth more. Japanese stocks recorded their biggest one-day drop since Black Monday in 1987. The Nikkei stock average fell 12.4% on Monday, its worst drop since the October 1987 crash. The banking sector led […]
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 […]
Stocks sink on sour jobs report
Business and Economics Full text Intel to cut 15,000 jobs after ‘disappointing’ second-quarter results Intel plans to cut 15,000 jobs, or about 15% of its workforce, CEO Pat Gelsinger said in a memo to employees on Thursday. Full text Warren criticizes Powell over jobs report: ‘Cut interest rates now!’ Sen. Elizabeth Warren (D-Mass.) […]
Stocks, recession, Fed, jobs, Boeing, Chevron
“The Craman Countdown” panelists Thomas Hayes and Nick Timilaos assess the current state of the U.S. economy. Weak job growth, manufacturing data send stocks plummeting Dow and S&P 500 fall sharply for the week, Nasdaq headed for correction Recession forecaster lights up, spooking Wall Street Fed Chairman Jerome Powell raises hopes for September rate cut […]
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, […]
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 […]
Stocks Gain as Big Week for Central Banks Starts: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks are set to gain early on the back of strength in Asian markets at the start of a week filled with major central bank decisions and big tech earnings reports, while the yen strengthened. Most read articles on Bloomberg Euro Stoxx 50 futures rose 0.5%, while major U.S. futures also rose. […]
Stocks, Dow, Fed, rate cuts, Trump, Harris, Paris Olympics
Kamala Harris, economy, tax proposals Stocks surge after inflation data released on hopes of September rate cut Trump-Harris battle heats up 2024 White House race Bitcoin nears $70,000 as cryptocurrency could play role in election campaign Tesla CEO Elon Musk appears before Congress as President Trump makes clear his stance on EVs Delta’s Crowdstrike Nightmare […]
Most Asian Stocks Fall After Big Tech Disappoints: Markets Wrap – Yahoo Finance
(Bloomberg) — Most Asian stocks fell, following a sell-off on Wall Street after the “Magnificent Seven” giants got off to a weak start with earnings reports. Most read articles on Bloomberg Stock indexes in Japan, Hong Kong and mainland China all fell, while South Korea’s index alternated between rises and falls. U.S. stocks fell on […]
Tech stocks recover, boosting overall market
Shares of several major technology companies recovered on Monday after suffering big losses last week. Tesla rose 5.2% as of the market close on Monday, Nvidia rose 4.8%, Facebook and Instagram parent Meta rose 2.2%, Google parent Alphabet rose 2.2%, and Microsoft rose 1.3%. Amazon and Apple were the only Magnificent Seven stocks to fall […]