Month: August 2024
Prepare for a new high-volatility market regime
It’s not every day that you see the Cboe Volatility Index — market’s ‘fear gauge’ — spike above 25, much less 65. When it does, it suggests fears are running exceptionally high based on real-time pricing of S & P 500 Index options. The ‘VIX’ touched 65 briefly before retreating in Monday trading. Often, spikes […]
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Trump blames Harris, Biden for stock market meltdown after taking credit for past upswing
Republican presidential nominee Donald Trump on Monday blamed Vice President Kamala Harris for the stock market’s dramatic plunge, months after claiming he deserved credit for the market’s then-record upswing. “Of course there is a massive market downturn. Kamala is even worse than Crooked Joe,” Trump wrote in a post on Truth Social about Harris, the […]
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Google loses antitrust case over search
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government […]
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North Carolina AG office eyes Elon Musk’s pro-Trump PAC after voter data complaint
The North Carolina Attorney General’s Office said Monday that it is eyeing a political action committee created by billionaire Elon Musk following a complaint to the state election board over the PAC’s collection of personal data while failing to help users register to vote as promised. The new inquiry and a similar one announced Sunday […]
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Summer is ‘high season’ for flight delays. Here’s what travelers need to know
Key Points Summer is generally peak season for flight disruption. Bad weather is the chief cause of flight delays, according to Federal Aviation Administration data. U.S. airlines make different obligations to travelers. A Transportation Department dashboard lays out the policies of major carriers: Alaska, Allegiant, American, Delta, Frontier, Hawaiian, JetBlue, Southwest, Spirit and United. Source
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Where to generate income and safety during this global asset meltdown
With the stock market melting down, investors are scrambling for safety and ways to generate income. U.S. stocks tumbled Monday as part of a global sell-off amid fears of a recession. Investors were concerned about Friday’s disappointing jobs report and whether the Federal Reserve may have waited too long to cut rates. Treasury yields have […]
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Trump’s tech backers are ‘making a big mistake,’ Sequoia’s Mike Moritz says
Michael Moritz, Sequoia Capital Scott Mlyn | CNBC As leading tech investors continue to vocally take sides ahead of the 2024 presidential election, legendary venture capitalist Michael Moritz is making his preference clear. In a Financial Times opinion piece published on Monday, Moritz wrote that those in the industry who are supporting Donald Trump “are […]
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JPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller cities and towns. JPMorgan recently announced a new goal within its multibillion-dollar branch expansion plan that ensures coverage is within an “accessible drive time” […]
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Kellanova stock climbs on reports of potential sale to M&M’s owner Mars
Signage for Kellanova outside the New York Stock Exchange on Sept. 5, 2023. AP Shares of Kellanova climbed 13% in morning trading Monday on reports of buyout interest. M&M’s owner Mars is in talks to acquire the snacking company, CNBC’s David Faber reported, adding rival candy company Hershey is also potentially interested in buying the […]
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Stocks making the biggest moves midday: Robinhood, Nvidia, Intel and more
Check out the companies making headlines in midday trading: Crypto stocks — Several bitcoin-related names were hit following the cryptocurrency’s drop below $50,000 for the first time since February. Robinhood plummeted more than 10%, and MicroStrategy plunged more than 8%. Others such as Coinbase and Marathon Digital each fell around 5%. Kellanova — Shares of […]
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