Finance
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Stock market plunges over Trump tariffs, Nasdaq and S&P mark lowest numbers since 2020
The Dow dropped 1,679 points, which equaled a 3.98% loss. The Dow's loss was its biggest drop since June 2020.
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US stocks tumble in after-hours trading over Trump's global tariffs
The SPDR S&P 500 ETF Trust, which tracks the S&P 500, lost about 2% in after-hours trading. The Invesco QQQ ETF which monitors the Nasdaq-100 Index, shed 3.3%, and the trust that follows the Dow lost 1%.
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Treasury Department sanctions alleged network of people helping secure weapons for Houthis
The network has procured tens of millions of dollars’ worth of commodities from Russia, including weapons, and stolen Ukrainian grain. The goods are then shipped to Yemen, which is under Houthi control.
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State financial officers warn ESG climate-disclosures would politicize accounting, drive up costs
"Not only would these climate disclosures politicize an otherwise apolitical practice, but it would impose substantial costs onto companies with no added benefits,” Alabama Auditor Andrew Sorrell said in a statement.
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Foreign investors withdrew billions from Chinese economy over the last three months
Chinese investors, moreover, are increasingly looking a broad for more favorable returns, expatriating $71 billion in the same three-month period.
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US stock markets see one of the biggest plunges in nearly two years
The Dow Jones Industrial Average dropped 1,034 points from Monday's opening, or 2.6%. The Nasdaq Composite lost 3.4%, and the S&P 500 dropped 3%.
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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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With legal battles now settled, college season begins with athletes cashing in big and small
How the landscape of college sports has shifted amid various court cases over the last three years