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 …
Economy
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, …
Here are all the reasons why Monday’s major market wreck is happening
Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2024, in New York City. Spencer Platt | Getty Images Any number of suspects could …
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 …
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 …
Bay Area city struggles with police retention amid fiscal crisis
The Novato Police Department says it is struggling to maintain full staffing as nearby municipalities offer higher pay for officers. Paul Shaw, president of the Novato Police Officers Association, said …
U.S. Treasurys: recession concerns take hold
Treasury yields dropped on Monday, as investors flocked to traditionally safer assets amid a global stock market sell-off on concerns a U.S. recession could take hold in the near future. …
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 …
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 …
Why pharmacy chains like Walgreens and CVS are shuttering locations
In its fiscal third-quarter earnings report to investors in late June, pharmacy chain Walgreens announced plans to close a “significant” number of its 8,600 U.S. stores. CEO Tim Wentworth said …