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☆ I got laid off at 65 and couldn't afford my Bay Area mortgage. Now, I work for myself while traveling the world.
▼ + stars: | 2024-08-06 | by ( Tony Woodall | ) www.businessinsider.com time to read: +6 min

Read previewI began my career in the financial services industry in 1985 in the warehouse at Fannie Mae Software Systems. I moved to the Bay Area and began my subsequent career in financial services. We couldn't recover before the Federal Reserve took us into receivership, making us the second-largest bank failure in history. The biggest problem was my homeWithout a full-time job, I could no longer afford the mortgage on my home in the Bay Area. Tony WoodallAfter Portugal, I joined friends in Medellín, Colombia, an inexpensive haven for digital nomads.

Persons: —, Tony Woodall, Woodall, you'll, I'm, I've Organizations: Service, Fannie Mae Software Systems, Business, realtors, Bank, LinkedIn, Bay Area, First Republic, Federal Reserve, Social Security Locations: Fannie, Atlanta, San Francisco, Bay, Silicon, California, Camino de Santiago, Spain, Portugal, Portuguese, Colombia, Medellín, Germany

☆ What the Fed must do to soothe markets after a historic global sell-off, according to JPMorgan strategy chief David Kelly
▼ + stars: | 2024-08-06 | by ( Kelly Cloonan | Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Kelly says the Fed needs to broadcast its confidence in the economy to soothe jittery markets. JPMorgan's David Kelly told Business Insider he sees a possibility for even deeper losses following the big rout. We do stand ready to cut rates as appropriate but we don't think there's a very urgent situation here," Kelly said. More importantly, cutting rates abruptly would potentially instill more fear about the economy among investors, Kelly said. And I don't think the Federal Reserve tells people that, or maybe they don't appreciate it themselves," Kelly said, adding, "It's a drag before it's a stimulus."

Persons: Kelly, JPMorgan's David Kelly, —, David Kelly, Monday's, we've, Dow Jones Organizations: Fed, Service, JPMorgan Asset Management, Nasdaq, Nikkei, Reserve Locations: Japan

☆ 9 Killed After S.U.V. Flips Into South Florida Canal, Authorities Say
▼ + stars: | 2024-08-06 | by ( Johnny Diaz | More About Johnny Diaz | ) www.nytimes.com time to read: 1 min

Nine people were killed and one person was seriously injured after the sport utility vehicle they were traveling in veered off the road and overturned into a South Florida canal on Monday evening, the authorities said. The crash took place just before 7:30 p.m. in the 5800 block of Hatton Highway, a two-lane road that runs through an agricultural area of Belle Glade, a city of more than 16,000 residents in the western part of Palm Beach County in South Florida, according to the Palm Beach County Sheriff’s Office. The authorities said that 10 people — including five children — were traveling westbound in a 2023 Ford Explorer when it approached a 90-degree curve in the road. “For undetermined reasons,” the sheriff’s office said in a crash report, the vehicle “failed to properly negotiate the left curve of the roadway.”

Persons: — Organizations: Office, Ford Locations: South Florida, Hatton, Belle Glade, Palm Beach County, Beach

☆ Boeing workers paint a picture of chaos and dysfunction in NTSB investigation
▼ + stars: | 2024-08-06 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +10 min

The worker said there was no special training to open, close, or remove a door plug versus a regular door. But there were problems with the rivets by the door plug that needed to be repaired, so the door plug was removed so the work could be done. There were Spirit employees at the Boeing plant, but communication between the Boeing and Spirit workers on the floor of the Boeing factory wasn’t good, according to another interview transcript released Tuesday. But there were problems with five rivets near where the door plug was installed, and Boeing workers removed the door plug in order to fix those rivets. Boeing’s mounting problemsBut the probe is only one of the problems Boeing faces because of the incident.

Persons: Max, ”, “, haven’t, Jennifer Homendy, Elizabeth Lund, Lund, Doug Ackerman, Homendy, ” Homendy, CNN’s Owen Dahlkamp, Danya Gainor, Celina Tebor, Nicki Brown, Ramishah Maruf Organizations: Washington CNN — Workers, Boeing, National Transportation, NTSB, FAA, Spirit, Alaska Airlines, Max, Airplanes ’, Boeing Commercial Airplanes, FBI, Federal Aviation Administration, Justice Department, DOJ Locations: United States, Renton , Washington, Alaska

☆ USWNT 1 Germany 0: Sophia Smith’s goal earns U.S. spot in first Olympic gold medal match since 2012
▼ + stars: | 2024-08-06 | by ( Jeff Rueter | Steph Yang | ) www.nytimes.com time to read: +10 min

The Olympic sendoff friendlies seemed to clue at an early theory: park the bus, play defense-first soccer and frustrate the United States until you find a chance to try an attack. Although having Coffey back from suspension helped toward that end, the United States was still thin in central areas. Berger and Naeher were both instrumental in keeping the score 0-0 throughout regulation, Berger moreso given the United States’ stronger attacking presence. Tournament Naeher is a different beast from any other level of her play. The United States heads to its first Olympic women’s gold medal match since the 2012 London Games.

Persons: Sophia Smith, Smith, Trinity Rodman, Mallory Swanson, ” Smith, “, Mal, Emma Hayes, Tierna Davidson, Sam Coffey, Davidson, Emily Sonnett, Rose Lavelle, Lynn Williams, Alyssa Naeher’s, ” Jeff Rueter, Steph Yang, Ann, Katrin Berger’s stolid, Berger, Swanson, Rodman, Williams, you’d, Naomi Girma, Becky Sauerbrunn, Naomi Girma’s, Girma, shouldn’t, —, Jeff Rueter, Hayes, we’ve, Hayes ’ USWNT, Costa Rica wasn’t, Lindsey Horan, Coffey, hasn’t, they’ll, Naeher, Laura Freigang’s, it’s, she’s, Alyssa Naeher, Gv5tkEhLP0 — CJ, John Todd, Getty Organizations: U.S, women’s, Olympic, NBC, ”, Japan, Germany, United Locations: Germany, U.S, Swanson, Lyon, United States, Hayes ’, Mexico, Costa Rica, Spain, Brazil, States

☆ The latest sell-off may be the beginning of the end for the tech bubble, strategist says
▼ + stars: | 2024-08-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The AI-fueled tech bubble could be approaching its end date, according to Paul Dietrich. The market strategist pointed to similarities between the recent tech sell-off and the dot-com crash. He pointed to the similarities between the dot-com crash and the latest drop in the stock market. AdvertisementThe flow of "smart money" in the market also suggests more downside could be on the way for tech stocks, Dietrich noted. Advertisement"What kind of evidence does one need to see that we are moving into a business cycle recession," Dietrich said.

Persons: Paul Dietrich, —, Dietrich, Jeff Bezos, Mark Zuckerberg, Jensen Huang Organizations: Service, Riley Wealth, Nasdaq, Apple, Meta, Nvidia, Artificial Intelligence

Mark Cheffo, a Dechert partner representing Microsoft, sent a letter Tuesday to attorney David Boies of Boies Schiller Flexner. Boies represents Delta and had sent letters on behalf of the airline to CrowdStrike and Microsoft. Cheffo wrote in his response that Microsoft empathizes with Delta and its customers on the impact of the CrowdStrike incident. Cheffo wrote that Microsoft offered to help Delta for free. Cheffo described a letter on July 22, from Microsoft to a Delta employee, offering help.

Persons: Ed Bastian, CNBC's, Mark Cheffo, David Boies, Boies Schiller, Boies, Hossein Nowbar, Cheffo, Delta, Satya Nadella, Bastian, CrowdStrike, George Kurtz Organizations: Microsoft, Delta Air Lines, Delta, IBM, Web Services Locations: Boies, Delta, Atlanta

☆ Plane makes crash landing on Sacramento golf course, narrowly misses man
▼ + stars: | 2024-08-06 | by ( Adefela Olowoselu | ) edition.cnn.com time to read: 1 min

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☆ CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. Siegel believes the current fed funds rate "should be somewhere between 3.5% and 4%," citing the higher-than-expected unemployment rate and declining inflation as reasons for the cuts. "How much have we moved the fed funds rate?

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, Korea's Kospi, Richard Kaye Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, Nikkei, Honda, Renesas Electronics, CSI Locations: U.S, Asia, Pacific

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher. Japan's Nikkei 225 — which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained over 10%. The rebound comes after South Korean markets were halted temporarily on Monday after circuit breakers activated.

Persons: Topix, Korea's Kospi, Australia's, Brent Organizations: Nikkei, U.S ., Softbank Group Corp, South, South Korean, Samsung Electronics, chipmaker SK Hynix, . West Texas Locations: Ginza, Tokyo, Japan, Asia, Pacific

☆ Harris set to name running mate as global turmoil rocks an already surreal campaign
▼ + stars: | 2024-08-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

In the final hours of her search after a compressed vetting period, Harris narrowed in on two candidates — Pennsylvania Gov. Tim Walz, 60, sources told CNN, although Arizona Sen. Mark Kelly remained in the running as of Monday afternoon. But perception is often as important as reality in a presidential race. A critical choiceThe choice of a running mate is the first, most critical decision a party nominee makes. Still, Harris’ strong start appears to have restored the election to a neck-and-neck race, according to recent surveys.

Persons: Kamala Harris, Donald Trump flailing, Harris, Joe Biden’s, Josh Shapiro, Tim Walz, Arizona Sen, Mark Kelly, Shapiro, Walz, Trump, Biden, Harris ’, White, Barack Obama, Republican John McCain, Ismail Haniyeh, Israel’s, Benjamin Netanyahu, Jake Auchincloss, “, CNN’s Kasie Hunt, Harris Trump, Kamala, ”, it’s, Ohio Sen, JD Vance, Sarah Palin, —, don’t Organizations: CNN, Republican, Minnesota Gov, Democratic, Trump, Dow Jones, US, Federal Reserve, Biden, United States ., Israeli, Massachusetts Democrat, Ohio, Democratic National Convention, White Locations: Philadelphia, Arizona, Wisconsin, Michigan, Israel, United States, Iraq, Iran, Tehran, Gaza, Massachusetts, Chicago, Atlanta, Pennsylvania

☆ How a VP pick shaped U.S. politics for decades: From the Politics Desk
▼ + stars: | 2024-08-05 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

In today’s edition, we report on how Vice President Kamala Harris’ search for a running mate is nearing the finish line. In case that wasn’t already clear from the vetting, the interviews and the obsessive media attention, consider the long — and still lengthening — list of ways one selection shaped decades of national politics. The pick influenced not just Obama’s electoral victories and the Obama administration but also every successive presidential election since then. And it could keep doing so for years, as Vice President Kamala Harris prepares to make her choice Tuesday. And Harris’ running mate selection could anoint the Democratic Party’s next presidential favorite, potentially into the 2030s.

Persons: Kamala Harris ’, Scott Bland, Barack Obama’s, Joe Biden, Obama, Kamala Harris, Obama’s, David Plouffe, Hillary Clinton, Donald Trump’s, Biden, Harris, Sen, Evan Bayh, Tim Kaine, —, Cori Bush, Julie Tsirkin, Kyle Stewart, “ I’m, ”, Bush, Wesley Bell, Bell, Louis County’s, Israel —, Jamaal Bowman, J D, Lou Organizations: NBC, White House, Capitol, Democratic, Virginia Gov, Kyle Stewart Democratic, NBC News, Israel, Justice Department Locations: Israel, Indiana, Ferguson, Washington, U.S, York, Gaza

The day's rout was sparked by a massive sell-off in Japanese stocks. The Nikkei fell 12.4%, its worst day since the 1987 "Black Monday" crash rattled investors around the world. Spencer Platt / Getty ImagesThe Japanese drawdown, in turn, was partly in response to the worse-than-expected jobs report published Friday that showed U.S. unemployment rising to 4.3% and just 114,000 jobs added in July. As soon as that report was published, stocks started erasing some of their earlier losses, while bond purchases, which had surged as investors sought safe-haven assets, faded. It’s a much easier decision to say I want to take my chips and go home here.”

Persons: Stocks, Spencer Platt, Apple, Warren Buffett's Berkshire Hathaway, ”, Michael Farr, Farr Organizations: Dow Jones, Nasdaq, Dow, Nikkei, New York Stock Exchange, Getty, Federal, Institute for Supply Management, Bank of Japan, U.S . Federal Reserve, Nvidia, Intel, Microsoft, Buffett, Miller & Washington Locations: New York City, U.S, Berkshire

The trip highlights the generational gap between Harris and President Joe Biden and former President Donald Trump, Democratic allies said. Noah Lyles wins gold in epic photo finishDimitar Dilkoff / AFP - Getty ImagesLyles earned his first gold medal in 9.79 seconds, which was a personal best. Lyles was still unconvinced he had won the gold medal after finishing and the scoreboard offered no indication of who had won gold, silver or bronze as officials processed a photo finish. Track and field holds four medal events and surfing will finally have its medal day. ▶️ Watch top highlightsDebby makes landfall in Florida as a Category 1 hurricaneHurricane Debby has made landfall in Florida’s Big Bend as a Category 1 hurricane.

Persons: Kamala Harris, Hurricane, Noah Lyles, Harris, John Bazemore, Harris ’, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, Joe Biden, Donald Trump, Biden, Trump, “, Nikki Haley, Dimitar Dilkoff, Lyles, Jamaica’s Kishane Thompson, Fred Kerley, Thompson, ” Lyles, Kerley, Peacock, Read, ste, Caro, Ron, Flor, rais e d fear, ron e, Rob e, Ari z, ena, go to a, ake is b, ✦, lea, ree Organizations: Kentucky, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Democratic, Trump, Republicans, Getty, Olympic, ust, NBC, POLI Locations: Florida, Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Philadelphia, AFP, bou, spee, sto

☆ U.S. recession fears spark selloff in international markets
▼ + stars: | 2024-08-05 | by ( David Hodari | David Hodari Is A London-Based Editor. | ) www.nbcnews.com time to read: +2 min

LONDON — U.S. stocks are on course to open in the red Monday, with Japanese stocks suffering their worst day of trading since the 1980s and a global equities sell-off intensifying over fears of a U.S. economic slowdown. The Nikkei’s 12.4% fall marked the worst day for the Japanese index since 1987’s “Black Monday” — the sudden and unexpected stock market crash that raised fears of a depression. Noriko Hayashi / Bloomberg via Getty ImagesIn recent weeks, rising concerns around a potential U.S. recession have spooked investors. A rise in the value of the Japanese yen against the U.S. dollar — making Japanese assets more expensive for holders of other currencies — has also likely played a role in the selling. Even so, some investors put their money into U.S. Treasury bonds — so-called ‘haven’ assets that act as stores of wealth in volatile moments.

Persons: Noriko Hayashi, Japan’s, Shunichi Suzuki, “, ” Suzuki, ” Organizations: LONDON, Dow Jones, Nasdaq, Tokyo Stock Exchange, Bloomberg, Getty, Federal Reserve, Labor, U.S ., Treasury Locations: U.S, Europe

☆ How hedge funds are dealing with the global market meltdown
▼ + stars: | 2024-08-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The VIX, Wall Street's go-to snapshot of market volatility, is at its highest point since the onset of the pandemic. And hedge funds are sifting through the wreckage, with some looking to survive and others planning to pounce. In any market meltdown, there are clear winners and losers given the strategies and positioning of different firms. The yen carry trade has also likely wrong-footed many macro funds, several industry veterans said. It also slowed dealmaking, annoying private equity investors whose capital was tied up in older vintage funds.

Persons: —, Wall Street's, there's, allocators, Harvey Schwartz, Carlyle Organizations: Service, Business, Citadel, Eisler Capital, Universa Investments Locations: Europe, Asia, New York, London

☆ We’re about to get the most detailed explanation yet for Boeing’s terrifying mid-air blowout
▼ + stars: | 2024-08-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

It was a combination of the skill of the flight crew and good luck that no one was killed. But there were problems with five rivets near where the door plug was installed, and Boeing workers removed the door plug in order to fix those rivets. It would have had much more difficulty making it safely to the ground if the door plug had failed hours, rather than minutes, from the nearest runway. But the probe is only one of the problems Boeing faces because of the incident. He has faced harsh criticism for many of Boeing’s problems, with more than a dozen whistleblowers at the company complaining to congressional investigators that they faced pressure and retaliation for flagging safety problems in the company’s assembly process.

Persons: Max, Dave Calhoun, Kelly Ortberg, Rockwell Collins, Calhoun, haven’t, Josh Hawley, ” Organizations: New, New York CNN, Alaska Airlines, Boeing, Max, National Transportation Safety Board, NTSB, FBI, Federal Aviation Administration, Justice Department, FAA, DOJ, Rockwell, Capitol Locations: New York, Alaska, Renton , Washington, Hawaii

☆ Dow plunges more than 1,000 points as global stock rout deepens on recession fear
▼ + stars: | 2024-08-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market crashed Monday, with the Nasdaq 100 dropping nearly 6%. AdvertisementUS stocks crashed on Monday, with the Nasdaq shedding nearly 6% as the global market rout that kicked off late last week accelerated. AdvertisementThe losses accelerated on Monday after Japan's stock market experienced its worst decline since the Black Monday crash in 1987, falling 12%. Berkshire Hathaway now holds a record $277 billion in cash, leading to some investors worrying that Buffett has soured on the stock market. The bigger question is whether this bloodletting will prove sufficient to provide a basis for a resumption of the stock market rally, and ultimately fresh record highs.

Persons: —, nonfarm payrolls, Jamie Cox, Warren, Berkshire Hathaway, Buffett, bitcoin, David Morrison Organizations: Nasdaq, Berkshire Hathaway's Apple, Service, Dow Jones, Amazon, Intel, Bank of Japan, Federal Reserve, Harris Financial, Berkshire Hathaway's, Berkshire, FCA Locations: Berkshire

Hong Kong/London CNN —Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a tentative recovery on global markets. Markets around the world plunged during Monday’s session when a combination of fears about a slowing US economy, rising Japanese interest rates and crumbling tech stocks combined to trigger a meltdown. The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “It is too early to conclude that the Japanese stock market has hit a bottom,” they said, adding that any recovery would likely only occur after Japanese companies report first-half earnings in October, or even after the US presidential election in November. A stronger yenJapan’s stock market, in particular, was hard-hit by the rapid appreciation of the yen, which undermines the export competitiveness of the country’s manufacturers.

Persons: clawing, Kospi, ” Neil Newman, ”, “, Stephen Innes, ” Newman, Newman, Fumio Kishida Organizations: London CNN, Nikkei, Nasdaq, Advisory, CNN, UBS Chief Investment, Moody’s, Bank of Japan, Management, Tokyo “, Traders, Reuters Locations: Hong Kong, London, Asia, South, Taiwan, Europe, Japan, Tokyo, South Korea

☆ Nikkei 225: Japan stocks rebound sharply after worst rout in history as other Asia markets also rally
▼ + stars: | 2024-08-05 | by ( Laura He | Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Japanese shares soared in early trading on Tuesday, clawing back most of their record losses from the previous day and underpinning a regional rally. The Nikkei 225 last traded about 10% higher, while South Korea’s Kospi rebounded by about 3%. They all suffered major losses during the previous trading session. The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. Losses like that led the Nikkei to close 12.4% lower on Monday in its largest one-day fall since October 1987.

Persons: clawing, Kospi, ” Neil Newman Organizations: Hong Kong CNN, Nikkei, Advisory, CNN, Kikkoman, Nasdaq, Bank of Japan Locations: Hong Kong, South, Taiwan, Japan, Tokyo

☆ Why the stock market is freaking out again
▼ + stars: | 2024-08-05 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

The Dow tumbled more than 1,000 points at the open, and the broader market plunged 3% Monday. The Nasdaq, full of risky tech stocks, dropped 3.7%. Although that’s not in and of itself an unhealthy unemployment rate, its sudden march higher is alarming: Last year, the unemployment rate was at its lowest level since the moon landing. Traders are beginning to unwind big trades on Apple, Nvidia, Microsoft, Meta, Amazon, Alphabet and other tech stocks that had been surging since the beginning of last year. Monday’s rout, if it ends at current levels, wouldn’t even crack the top 100 worst days in market history.

Persons: Dow, that’s, Goldman Sachs, That’s, Jeremy Siegel, “, ”, Siegel, Stocks, it’ll, Warren Buffett, Berkshire Hathaway Organizations: CNN, Nasdaq, Nikkei, Federal Reserve, of Labor Statistics, Citigroup, JPMorgan, CNBC, Traders, Apple, Nvidia, Microsoft, Meta, Berkshire Locations: Wall

☆ Trump is weaponizing the stock downturn to attack Kamala Harris
▼ + stars: | 2024-08-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Trump is blaming Kamala Harris for Monday's stock market downturn. But he's previously sought to claim credit for a stock market rally under Biden. Go to newsletter preferences Thanks for signing up! AdvertisementAs global stock markets were rocked by a steep sell-off Monday, former President Donald Trump is using the downtown as the latest line of attack against his new Democratic rival, Vice President Kamala Harris. "Of course there is a massive market downturn," Trump wrote on Truth Social on Monday morning as part of a series of posts attacking Harris.

Persons: Trump, Kamala Harris, he's, —, Donald Trump, Harris, KAMALA Organizations: Biden, Service, Democratic, Business Locations: San Francisco and California

☆ Opinion | The Economist Who Predicted What Could Well Be the Next Recession
▼ + stars: | 2024-08-05 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

The economist and market strategist David Rosenberg took a lot of heat for predicting that the Federal Reserve’s big increase in interest rates would tip the U.S. economy into recession. “I spent most of the past year being absolutely beaten up,” he told me last week. “I had email from clients that you would not believe, and many cancellations.”The latest economic data, including a sharp slowdown in job growth in July, is indicating that Rosenberg may well have been right all along. I asked him if he feels vindicated. Stocks also slumped in Europe and were off to a bad start in the United States on Monday as I was finishing this newsletter.

Persons: David Rosenberg, ”, “, Rosenberg, Stocks Organizations: Federal, Nikkei Locations: U.S, Europe, United States

☆ Global stock markets are sliding and investors are holding on to their hats. Here's why.
▼ + stars: | 2024-08-05 | by ( Will Martin | ) www.businessinsider.com time to read: +3 min

Stock markets worldwide are on the slide, with Japan's Nikkei falling more than 12% on Monday. Worse than-expected jobs data in the US last week fuelled recession fears and drove the sell-off. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Fears of a recession in the US jumped after significantly weaker-than-expected July jobs numbers on Friday, which also saw jobs numbers for June revised lower. It's hard to believe such market moves would have occurred in any other month."

Persons: Jim Reid, —, Michael Brown, Pepperstone, Reid, payrolls, Beryl, It's, we're Organizations: Japan's Nikkei, Deutsche Bank ., Service, Nikkei, Deutsche Bank, Federal, Fed, Reuters, of Japan Locations: America, Japan, Tokyo

☆ Triathlon: Germany wins gold after controversial mixed relay went ahead in River Seine
▼ + stars: | 2024-08-05 | by ( Ben Church | Thomas Schlachter | ) edition.cnn.com time to read: +4 min

CNN —Despite two athletes falling ill and an ongoing controversy around water quality in the River Seine in the run-up to the race, the mixed relay triathlon went ahead on Monday with Germany securing a dramatic gold medal in Paris. Both the men’s and women’s races eventually got underway on Wednesday, but the fallout has continued ahead of the mixed relay. Ongoing sagaThe decision to hold some swimming events in the River Seine raised eyebrows when it was first announced. Triathletes dive into the River Seine during the mixed relay race. The three were involved in a frantic sprint finish, with Lindemann just getting ahead to win Germany’s first triathlon medal in any discipline since 2008.

Persons: Claire Michel, Adrien Briffod, Hanspeter Betschart, “ We’ve, it’s, we’re, ” Carolyn Broderick, Germany’s Laura Lindemann, Piroschka Van De Wouw, Alex Yee, Germany’s Lindemann, USA’s Taylor Knibb, Lindemann, Hayden Wilde, Pierre Le Corre Organizations: CNN, Germany, Belgium, Swiss, Swiss Olympic, Games, Paris, USA, Reuters, Team, New Zealand Locations: Paris, Switzerland, Belgium, Seine, Britain, Tokyo, France, French

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