Month: August 2024
Stocks making the biggest moves premarket: Nvidia, Apple, Kellanova and more
Check out the companies making headlines before the bell. Chip stocks — Nvidia shares fell roughly 12.5% in premarket trading as the artificial intelligence trade continues to unwind, dragging down once-hot semiconductor plays. Broadcom slipped about 9%, while Super Micro Computer and Arm Holdings shed more than 12% each, meanwhile. Apple – Apple shares sank […]
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Wharton’s Jeremy Siegel says Fed needs to make an emergency rate cut
Wharton’s Jeremey Siegel on Monday called on the Federal Reserve to make an emergency 75 basis points emergency cut in the federal funds rate after Friday’s disappointing jobs report. In addition, there should be “another 75 basis point cut indicated for next month at the September meeting — and that’s minimum,” Siegel, professor emeritus of […]
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The Fed is trying to ‘fight a ghost’ as recession fears mount, investor says
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images LONDON — As a global market sell off continues amid fears of a looming U.S. recession, the Federal Reserve may […]
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Bitcoin briefly drops below $50,000 for the first time since February
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor | Bloomberg | Getty Images Cryptocurrencies tumbled amid a global market sell-off spurred by recession fears. The price of bitcoin sank more than 11% on Monday to $52,501.62, according […]
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Ford turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice
2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s […]
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Northern Towns See Further Unrest From Far Right Source
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A global stock rout is deepening with investors fleeing to safe havens
A man looks at an electronic boarddisplaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last […]
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European markets plunge 2.5% as global volatility deepens; mining stocks shed 3.6%
A stock exchange in Germany. Torsten Silz | AFP | Getty Images LONDON — European stocks fell sharply at the start of Monday’s session, as global volatility continues amid concerns of a looming U.S. recession. The regional Stoxx 600 index was 2.34% lower by 8:52 a.m. London time, with all sectors and major regional bourses […]
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CrowdStrike says it isn’t to blame for Delta’s flight cancellations after July outage
Travelers wait in line, as a flight board shows delays, on the check-in floor of the Delta Air Lines terminal at Los Angeles International Airport (LAX) on July 23, 2024 in Los Angeles, California. Mario Tama | Getty Images CrowdStrike on Sunday said Delta Air Lines had rejected onsite help during last month’s massive outage […]
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High temperatures scorch China, spiking power demand
People are enjoying the cool water at a water park in Nanjing, China, on Aug. 4, 2024. Costfoto | Nurphoto | Getty Images Various regions in China continue to bake as temperatures remain elevated, especially in the country’s east, where excessive heat is expected to linger in the provinces of Jiangsu and Zhejiang as well […]
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