Finance
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'Kamala crash': Trump warns of 'Great Depression of 2024' as markets tank
Major stock indices tumbled Monday morning, with the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite all opening significantly down.
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U.S. markets tumble after weak jobs report prompts recession fears
Hiring dropped and the unemployment rate went up, according to the jobs report released on Friday
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Japan’s Nikkei index has worst day in decades as US recession fears grow among investors
According to the Associated Press, the Nikkei closed down 4,451.28 points at 31,458.42 on Monday after it went down 5.8% on Friday, marking the worst two-day decline ever.
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NASDAQ closes in correction territory after weak jobs report
The index dipped into correction territory early in the day.
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Unemployment rate increased in July to 4.3%, number of new jobs far below projections
The unemployment rate slightly increased to 4.3%, its highest since October 2021.
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Global tech outage cost Delta airlines nearly half a billion dollars, CEO says
The outage forced the airline to cancel over 5,000 flights between July 19 and July 25.
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U.S. economy grew at 2.8% rate in the second quarter, exceeding expectations
Economists forecast the measure, the country's Gross Domestic Product, for this quarter would be about 2%.
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Costco raising its membership fees for first time in 7 years effective Sept. 1
The retail giant's standard membership fee is going up by $5 and the executive membership is rising by $10
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Projected costs for a Fourth of July cookout rise to record levels nationwide
The American Farm Bureau said the elevated costs are also because of a low cattle supply, which is at its lowest in 73 years, a breakout in Avian flu that has affected 40 herds of cattle, and a notable drop in income for farmers.
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John Deere announces layoffs in their Midwest facilities while shifting some production to Mexico
While the company made a profit last year of over $10 billion, they say the layoffs are being made because there is a reduction in demand for the products made at these factories.
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Prices up 2.6% in May from one year ago, according to key Fed inflation measure
The figures released by the Commerce Department were consistent with the previous Dow Jones estimates.
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Rapidly rising national debt threatens to reduce income growth by one-third: CBO data
Projected national debt growth could reduce income growth by 33% over the next three decades and 42% annually by FY 2049, according to the CBO
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Fed's Kashkari: 'Many months of positive inflation data' needed before rate cut
Kashkari signaled that the Fed might have to increase interest rates further if inflation does not cool over several months.