The S&P 500 slid 0.78% on Thursday while the Dow fell 1.29%. Read more about it here. The US stock market saw a significant slump Thursday amid speculations the Federal Reserve could cut its benchmark rates in September.
Industry
US Could See Another ‘Great Resignation’ as 3 in 10 Workers Plan To Quit in 2024: Survey
More than half of workers surveyed cited low pay as the top reason why they were likely to quit their jobs this year.
Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
Is Crowdstrike Paying for the $1BN Damages Caused by the Global Outage? Experts Say It’s Unlikely
The global tech outage affected about 8.5 million Windows-based computers and laptops worldwide. A global tech outage following a faulty update from Crowdstrike caused business operations around the world to stop on Friday, leading to an estimated $1 billion in damages.
Businesses, Airlines Struggle Amid Global Microsoft-Crowdstrike Tech Outages
More than 2,000 flights in the US were canceled by Sunday evening following the tech outage. Hundreds to thousands of businesses worldwide are still struggling following a faulty software update that caused global tech outages on Friday.
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Previous election seasons saw the S&P 500 slump and the Dow Jones Industrial Average trade below 11,000.
Netflix is expected to report its second-quarter earnings on July 18, with everyone on Wall Street paying close attention to any of the details or information the streaming service would provide about its advertising-supported business model.
Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
Taiwanese chipmaker TSMC said that the rising demand for artificial intelligence is boosting its growth and capacity and is influencing its short-term forecast.
Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Bank of America recently announced that its second-quarter revenue and profit from investment banking and asset management fees exceeded Wall Street expectations.
With Amazon’s Prime Day merely hours away, Adobe Analytics data is expecting that the retailer would receive a $14 billion paycheck.
SpaceX’s reliable Falcon 9 space transportation fleet has been grounded after an unusual failure in its second stage caused its payload, 20 of the company’s Starlink satellites, to deploy in a lower-than-expected orbit and eventually burn into the Earth’s atmosphere.
Food and snack powerhouses PepsiCo and Conagra Brands announced that they had lower-than-expected revenue and unit sales, citing consumers’ pushback on pricey food items.
