Markets
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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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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I’m prepared to ‘start buying Japan,’ Monex Group’s Jesper Koll says despite major stock sell-off
Monex Group’s Jesper Koll says he is prepared to “start buying Japan” on the back of fundamentals still being “solid” in the country, even as Japanese markets on Monday experienced a major stock-sell off. Earnings may be revised downwards due to the movement of the Japanese yen, but there have been improvements in corporate governance, […]
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Everyone is talking about the Sahm recession indicator. Here’s what you need to know
Global stock markets are in the grip of a deepening rout, prompting investors to turn to one of the most historically accurate indicators to determine whether the U.S. economy is in recession. The so-called “Sahm rule” has observed without fail that the initial phase of a recession has started when the three-month moving average of […]
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Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
A pedestrian walks past a display board showing the morning numbers on the Tokyo Stock Exchange along a street in Tokyo on August 5, 2024. Richard A. Brooks | Afp | Getty Images A rapid unloading of “carry trades” extended on Monday, with market participants seeking to roll back on the popular strategy amid a […]
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SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune
Masayoshi Son, CEO of SoftBank, speaks during the company’s annual general meeting in Tokyo on June 20, 2024. Kosuke Okahara | Bloomberg | Getty Images SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. Shares of the Japanese giant, known as one […]
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Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’
Key Points Chicago Federal Reserve President Austan Goolsbee said Monday on CNBC that the central bank would react to signs of weakness in the economy. “I’m not going to bind our hands of what should happen going forward because we’re still going to get more information. But if we are not overheating, we should not […]
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Apple shares drop 7% after Warren Buffett’s Berkshire Hathaway slashes stake by half
In this article AAPL BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Warren Buffett sent shockwaves through the investing world over the weekend by slashing his big Apple stake by half, […]
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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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