Month: August 2024

Markets just had the most volatile week since the pandemic outbreak — What we learned
World

Markets just had the most volatile week since the pandemic outbreak — What we learned

A wild week of trading on Wall Street ended with the S & P 500 back roughly where it started, but the lessons learned by whipsawed investors over those five days could determine what happens next. The S & P 500 had its worst day since 2022 on Monday, and then its best since 2022 […]

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Israel airstrike on Gaza school kills more than 100, Hamas-run media office says
World

Israel airstrike on Gaza school kills more than 100, Hamas-run media office says

A man cries inside a school used as a temporary shelter for displaced Palestinians in Gaza City, after it was hit by an Israeli strike on August 10, 2024, that killed more than 90 people,as the conflict between Israel and the Hamas movement continues. Omar Al-qattaa | Afp | Getty Images More than 100 Palestinians […]

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Trump Media reports  million loss for quarter as revenue falls
Politics

Trump Media reports $16 million loss for quarter as revenue falls

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media, the social media company whose majority shareholder is former President Donald Trump, on Friday reported a […]

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A key stock underperformed the market comeback this week
World

A key stock underperformed the market comeback this week

Chipmaking giant Nvidia failed to move up from its losses earlier this week even as the S & P 500 broadly recovered. Nvidia shares slipped 0.2% Friday to finish the week down around 2.4%. That is underperforming not only the broad market index, which closed only 0.04% lower week to date, but it is also […]

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Harris erases Trump’s lead on economy among younger Americans, CNBC/Generation Lab survey finds
Politics

Harris erases Trump’s lead on economy among younger Americans, CNBC/Generation Lab survey finds

U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. Brendan Mcdermid | Elizabeth Frantz | Reuters Younger Americans do not appear to hold Vice President Kamala Harris responsible for what many of them believe is a worsening U.S. economy under the Biden-Harris administration, according to a new survey from CNBC […]

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Bitcoin plunged 28%. Institutional investors bought the dip
Technology

Bitcoin plunged 28%. Institutional investors bought the dip

The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The selloff in bitcoin and ether began earlier this week and wiped out $367 billion in […]

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Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut
World

Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut

Jeremy Siegel Scott Mlyn | CNBC Wharton School Professor Jeremy Siegel no longer thinks it’s vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively. Siegel, chief economist at WisdomTree, caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and […]

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Bitcoin bounces back above ,000 as cryptocurrency’s rise continues to end week: CNBC Crypto World
World

Bitcoin bounces back above $60,000 as cryptocurrency’s rise continues to end week: CNBC Crypto World

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Ben McMillan, […]

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Passenger plane crashes in Brazil’s Sao Paulo state. It’s unclear how many people were aboard
World

Passenger plane crashes in Brazil’s Sao Paulo state. It’s unclear how many people were aboard

Brunomartinsimagens | Istock | Getty Images A plane with 62 people aboard crashed in a fiery wreck in a residential area of a city in Brazil’s Sao Paulo state Friday, the airline said, but it was not immediately clear how many people were injured or killed. The airline VoePass confirmed in a statement that a […]

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Cashing in on the dream: How Olympic athletes make money
World

Cashing in on the dream: How Olympic athletes make money

The International Olympic Committee will hand out more than 300 medals over the course of the Paris Games, but it won’t hand out any cash. “The Olympics has always supposedly been about striving to be the best, without doing it for financial reasons,” said Ben Bloom, a sports journalist who has covered the Olympic Games […]

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