Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole – WOLF STREET
The collapsed stock palace is dragging down the Russell 2000 Index. From WOLF STREET by Wolf Richter. The S&P 500 finished at the same level it started at, and if you haven’t had access to the internet in the last five days, you would have missed all the drama that saw the Nikkei plunge 12% […]
Tropical disturbance in Atlantic expected to become Ernesto next week
As the remnants of Debby leave the East Coast, the National Hurricane Center (NHC) is tracking a new disturbance in the Atlantic that has the potential to develop into a tropical storm. A tropical wave located several hundred miles west-southwest of the Cape Verde Islands is producing widespread, chaotic showers and thunderstorms over the tropical […]
Woman’s body recovered from Grand Canyon for third death at national park in a week
The National Park Service (NPS) announced that the body of a 20-year-old woman has been found in Grand Canyon National Park, marking the third death in a week. According to press release Leticia A. Castillo, 20, of Albuquerque, New Mexico, first went missing after entering the park on Aug. 3, according to the National Park […]
Wall Street’s wild week — how it went, how it's going
Stocks end choppy week in volatile trading Job market situation remains uncertain Warren Buffett’s Big Money Move Impacts Apple and Safer Investments President Trump takes on the Federal Reserve again How big will the Fed’s first rate cut be? Investors consider Tim Walz as 2024 candidate for the White House and Kamala Harris’ running mate […]
Mortgage rates average 6.43% this week, the lowest in a year
Weak employment statistics also contributed to the decline in interest rates. (iStock) Mortgage rates fell sharply this week, reaching their lowest levels in more than a year. According to Freddie MacThe average interest rate on a 30-year fixed-rate mortgage is 6.47%, down from 6.73% last week. “Mortgage rates plummeted to their lowest level in more […]
Biden hunkers down at Delaware beach house after only public event of the week
Biden was at home in Rehoboth Beach, Delaware, on Friday after holding just one public event this week. Biden arrived at the White House late Thursday night and remains away after a tumultuous week around the world and on Wall Street. He has no events scheduled for today. The threat of an Iranian retaliation against […]
Creepy Bill Gates Envisions a 3-Day Work Week Powered by AI
Creepy Bill Gates took a break from preying on female interns to talk about how AI will revolutionize the way we work and live. According to Gates, we all live a life of luxury where machines are in charge of food production and we only have to work a few days a week. Business Insider […]
Biden appears confused as he greets World Series champion Texas Rangers at WH for his only public event this week: ‘What am I doing?’
WASHINGTON — President Biden openly expressed confusion about what to do Thursday at his only scheduled public event this week, saluting the athletes and then having to be cautioned by the emcee to leave the White House. Biden, 81, ended his campaign for a second term on July 21 following a backlash from Democratic lawmakers […]
Stock market rebounds after tough start to the week
Stocks surged on Thursday after a higher-than-expected number of jobless claims helped ease recession fears sparked by last week’s weaker-than-expected jobs report. The Dow Jones Industrial Average rose 683 points, or 1.8%, while the Nasdaq Composite Index rose 2.9%. The S&P 500 rose 2.3%. Best day since November 2022According to CNBC. Initial claims for unemployment […]
President Joe Biden to hold first public event of the week before flying to beach house in Delaware
Biden is scheduled to hold his first public event of the week before heading to his Delaware beach house on Thursday. Biden has not been seen in public since returning from his home in Wilmington, Delaware, with first lady Jill Biden on Monday, where they walked back from Marine One to the White House. So […]