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Breaking News: Economy

Market correction may not be over yet

by Milton Acorn
Market correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Categories Science

Sahm rule creator doesn’t think that the Fed needs an emergency rate cut

by Adrian Jhonsan
Sahm rule creator doesn’t think that the Fed needs an emergency rate cut

The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected economic data, according to Claudia Sahm, chief economist at New Century Advisors. Speaking to …

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Categories World

Correction may not be over yet

by Milton Acorn
Correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

Read more

Categories Science

Dow sheds 1,000 points, Japan stocks rebound

by Milton Acorn
Dow sheds 1,000 points, Japan stocks rebound

A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors …

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Categories Science

CNBC Daily Open: Dow sheds 1,000 points

by Adrian Jhonsan
CNBC Daily Open: Dow sheds 1,000 points

A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on August 5, 2024.  Charly Triballeau | Afp …

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Categories World

San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

by Adrian Jhonsan
San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, …

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Categories World

Trump blames Harris, Biden for stock market meltdown

by Adrian Jhonsan
Trump blames Harris, Biden for stock market meltdown

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 …

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Categories World

A global stock sell-off is deepening with investors fleeing to safe havens

by Adrian Jhonsan
A global stock sell-off is deepening with investors fleeing to safe havens

A man looks at an electronic board displaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp …

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Categories World

Markets fall with Japan stocks in bear territory; Berkshire’s cash horde at record high

by Milton Acorn
Markets fall with Japan stocks in bear territory; Berkshire’s cash horde at record high

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Categories Science

Nasdaq in correction territory; Berkshire’s cash holdings reach record high

by Milton Acorn
Nasdaq in correction territory; Berkshire’s cash holdings reach record high

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Categories Science
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