Dow sheds 1,000 points, Japan stocks rebound

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 up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to … Read more

UNESCO names Gaza site to both its World Heritage and In Danger lists

UNESCO names Gaza site to both its World Heritage and In Danger lists

UNESCO’s World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its “World Heritage” and “World Heritage In Danger” lists in late July. The decision, made during the 46th session of the World Heritage Committee held in New Delhi, India, reflects the ancient monastery’s … Read more

CNBC Daily Open: Dow sheds 1,000 points

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 | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more

Wall Street, global markets plunge as fears grow of slowing U.S. economy – National

Wall Street, global markets plunge as fears grow of slowing U.S. economy – National

A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. The S&P 500 dropped 3% for its worst day in nearly two years. The Dow Jones Industrial Average reeled by 1,033 points, or 2.6%, while the Nasdaq composite … Read more

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

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, 2024.  Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be … Read more

Trump blames Harris, Biden for stock market meltdown

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 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 … Read more

U.S. Treasurys: recession concerns take hold

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. At 7:20 a.m. ET, the yield on the 10-year Treasury was down by 5 basis points at 3.745% — hitting its lowest levels since July … Read more

A global stock rout is deepening with investors fleeing to safe havens

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 Images Investors on Monday turned to safe-haven assets as a global stock sell-off deepened, following weaker-than-expected U.S. jobs data at the end of last … Read more

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

Markets fall with Japan stocks in bear territory; Berkshire’s cash hoard 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 is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

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

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 is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more