Author: starbpo

After a rough day on Monday, when the S&P 500 SPX fell 3.00%, which was its worst single-day performance in almost two years, U.S. stock index futures are up early Tuesday. The S&P 500 fell 6% over three days, the Nasdaq Composite fell 8%, and the Russell 2000 fell 10%. There are fears of a U.S. recession and that the Bank of Japan will raise interest rates and end the yen carry trade. Now the question is whether the market has seen its worst. The head of cross-asset strategy at JPMorgan, Thomas Salopek, says the answer is no. As of…

Before the market opens on Tuesday, Uber Technologies Inc. shares are going up after the company reported better-than-expected earnings and continued profit growth. In the second quarter, the company made $1.02 billion, or 47 cents per share. This is up from $394 million, or 18 cents per share, in the same time last year. FactSet kept track of analysts who thought the company would earn 31 cents per share. Uber UBER -0.86% also reported adjusted earnings of $1.57 billion, up from $916 million the previous year. This was higher than the $1.51 billion that analysts were expecting. The amount of…

WILMINGTON, Del. — Robert F. Kennedy Jr., an independent candidate for president, once found a bear that had been hit by a car and left it in New York’s Central Park with a bicycle on top of it. This caused a mystery that swept the city ten years ago. Kennedy talks about what happened in a video that was shared on social media on Sunday. He also says that it will be part of an upcoming article in The New Yorker that he thinks will be negative. It’s the latest strange event in Kennedy’s crazy campaign, which has split his…

Most of 2024, investors in the stock market have been happy about a “Goldilocks” economy that is neither too hot nor too cold. More bad U.S. economic news in the beginning of August is making people worry that the bears have come home. The July jobs report came out on Friday, but it was not as good as expected. It showed that payrolls growth was slowing and the unemployment rate rose to 4.3%. Following a set of weak data the day before, stocks continued their sharp drop. The prices of Treasury notes went through the roof, and yields fell sharply,…

Kellanova is a snack food company that was spun off from WK Kellogg. Its shares went up in premarket trade after a report said that Mars is looking into buying it. Reuters said that Mars wants to buy the company that makes Pringles. If they do, it will be one of the biggest deals in the history of the packaged food industry. In premarket trade, Kellanova shares 1.50% went up 6%. This year, the stock is up 13%. The report said it’s not certain that Kellanova will try to make a deal with Mars; another company could also do so.…

Israeli Prime Minister Benjamin Netanyahu told a Cabinet meeting on Sunday that Israel is already in a “multi-front war” with Iran and its allies. This came as the US and its allies got ready to defend Israel from an expected counterstrike and stop a bigger, more destructive conflict in the region. A senior Hezbollah commander was killed last week in Lebanon, and Hamas’s top political leader was killed in Iran. This comes after almost 10 months of war in Gaza. Iran and its allies have said they will attack Israel and blamed them. Hamas says that talks have begun about…

Some analysts on Wall Street are very pessimistic. They say that signs that the economy will slow even more and pressure on the Federal Reserve to cut rates faster will make defensive stocks shine and small caps fade. Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, said that the rising unemployment rate on Friday joins other signs of a weakening job market, such as the hiring rate, the payrolls survey, the Conference Board’s employment trends index, and the employment gauges on both the ISM manufacturing and services sector. Wilson said, “For almost seven weeks, we have to wait for the…

Washington, D.C. On Sunday, Vice President Kamala Harris’s campaign started a new website called “Republicans for Harris.” She wants to win over Republican voters who are turned off by Donald Trump’s campaign. According to Harris’ team, the program will be a “campaign within a campaign.” Well-known Republicans will use their networks to get people to vote, with a focus on primary voters who backed Nikki Haley for U.N. ambassador. This week, events will be held in Arizona, North Carolina, and Pennsylvania to start the program. The campaign said that Republicans who support Harris will also be at rallies this week…

PARIS — Imane Khelif, an Olympic boxer, said that the hateful attention she has been getting because of misunderstandings about her gender “harms human dignity.” She also called for an end to bullying athletes because the backlash against her has had a big effect on her. In an interview with SNTV, a sports video partner of the Associated Press, on Sunday night, the Algerian athlete talked about her rough time at the Olympics. “I send a message to everyone in the world to respect the Olympic principles and the Olympic Charter and to stop bullying all athletes,” Khelif said in…

The July jobs report just set off an important recession indicator that is closely watched on Wall Street. However, the person who made it doesn’t believe that the U.S. economy is in a recession at the moment. And Jerome Powell, the head of the Federal Reserve, said the indicator doesn’t mean anything in particular. First, let’s look at the numbers: the unemployment rate hit 4.3% in July. The three-month moving average of the unemployment rate is at least 0.5 percentage points higher than the lowest three-month average from the previous year. As per the Sahm rule, when the level of…