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Finance
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 ImagesAny number of suspects could be blamed for…
JPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller…
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-point cut in the federal funds rate after Friday's disappointing jobs report.In…
Apple shares drop 5% after Warren Buffett’s Berkshire Hathaway slashes stake by half
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024.David A. Grogen | CNBCWarren Buffett sent shockwaves…
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 ImagesA…
Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’
Austan Goolsbee, speaking at Jackson Hole, August 8, 2023.David A. Grogan | CNBCChicago Federal Reserve President Austan Goolsbee on Monday vowed that the central bank would react…
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…
Ukraine finally sends F-16s into the battle against Russia — but they might not be a game-changer
F-16 Fighting Falcons perform in the sky as President of Ukraine Volodymyr Zelensky delivers a speech congratulating the Ukrainian military on the stand in front of the first…
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…
European markets plunge 2.5% as global volatility deepens; mining stocks shed 3.6%
A stock exchange in Germany.Torsten Silz | AFP | Getty ImagesLONDON — European stocks fell sharply at the start of Monday's session, as global volatility continues amid concerns of…