| | Good morning, it is Monday, August 5, and we're covering the global stock market plunge, a historic 100m Olympic final, what would happen if the election ends in a tie & much more!! First time reading? Sign up here. | | American Fact of the Day! | On August 5, 1962, Marilyn Monroe, the iconic American actress, was found dead in her Los Angeles home. Her death was officially ruled as a probable suicide due to an overdose of barbiturates, and it remains a significant event in entertainment history. | | Breaking Updates | | Global stock markets plunge | Global stock markets experienced a significant decline on Monday, with the Japanese Topix index suffering its worst day in 37 years, plummeting by 12.2%. This drop was the most severe since "Black Monday" in 1987, erasing its gains for the year. The sell-off extended to Wall Street, where the Nasdaq composite and S&P 500 indices fell by 6.3% and 4.1%, respectively. Major tech stocks also took a hit, with Nvidia, Apple, and Tesla losing 15%, 9%, and 11%, respectively. The Vix index, which measures market volatility, surged to its highest level since 2020, reflecting heightened investor anxiety. | The market turbulence was driven by concerns over a potential US recession and the Federal Reserve's delayed response to weakening economic indicators. Analysts speculated that the Fed might need to implement rapid interest rate cuts, possibly starting with an emergency move before September. Additionally, the yen's appreciation, due to Japan's recent interest rate rise, led to the unwinding of yen carry trades, further exacerbating market instability. This global sell-off impacted various markets, including South Korea and Australia, and even cryptocurrencies, with Bitcoin and Ether experiencing significant declines. | Read More Here |
|
| Noah Lyles wins gold for U.S. in 100m by 0.005 of a second | Noah Lyles solidified his claim as the "world's fastest man" with a dramatic victory in the 100-meter final at the Stade de France, clinching his first Olympic gold medal with a personal-best time of 9.784 seconds. The race was incredibly close, with Lyles narrowly edging out Jamaica's Kishane Thompson, who had the year's fastest time. Lyles' victory was so tight that he only surpassed Thompson by 0.005 seconds, making it the closest 100-meter final since at least 1980. His triumph was marked by a strategic lean at the finish line, which he described in his post-race interview as a crucial move. | The final saw Lyles defeat a stellar field that included the defending Olympic champion, Marcell Jacobs of Italy, and his American teammates, Kenny Bednarek and Fred Kerley. Thompson, despite leading for much of the race, finished just behind Lyles and expressed both disappointment and gratitude for his performance. Lyles' win in Paris follows his world championship victory last August, reinforcing his status as one of the top sprinters globally. With another chance to claim a gold in the 200-meter final approaching, Lyles is poised to add to his Olympic achievements. | Read more updates here | | | American Sports & Culture |  | Sherrone Moore reportedly facing allegations in sign-stealing investigation | FOX Sports | Head coach Sherrone Moore is facing allegations that he violated NCAA rules related to Michigan's sign-stealing scandal. |
|
|
|  | Biles, Chiles eye floor final, Noah Lyles returns and more Monday in Paris | Monday also features a handful of knockout round matches in beach and indoor volleyball, plus the U.S. women's 3x3 basketball side competes in the semifinal. |
|
|
|  | Fantasy Football Draft Kit: Rankings, mock drafts and much more | Our fantasy football draft kit is here to help you crush your 2024 drafts and build championship-winning teams! |
|
|
| American Business & Markets |  | Cutting-edge technology helps researchers track hurricanes | Researchers are sending a dozen remotely-controlled Saildrones into the ocean off the coast of the United States to help track and better understand hurricanes. NBC News' Priya Sridhar travels into the Gulf of Mexico as one of these 23-foot devices packed with cameras and sensors is released to begin its mission. |
|
|
|  | Earnings To Watch: GXO Logistics (GXO) Reports Q2 Results Tomorrow | Contract logistics company GXO (NYSE:GXO) will be reporting results tomorrow before market hours. Here's what you need to know. |
|
|
|  | Stock market news today: Nasdaq sinks 4%, Dow cascades down as global sell-off intensifies | Wall Street's sell-off was set to intensify in a major way Monday as concerns mounted over the health of the US economy. |
|
|
| | American Politics |  | Analysis: What happens if there's a tie in 2024? Be ready for a 'contingent election' | With two candidates fighting over a mere 538 Electoral College votes, a tie scenario is more than possible. It's actually kind of surprising there has only been one tie election so far, in 1800, between Thomas Jefferson and Aaron Burr. |
|
|
|  | JD Vance's wife defends 'quip' about 'childless cat ladies' comment | Usha Vance maintained that her husband's resurfaced 2021 remarks were intended to spark discussions about the lack of support in U.S. policies for families. |
|
|
|  | RFK Jr. admits he placed a dead bear cub in Central Park 10 years ago | Independent presidential candidate Robert F. Kennedy, Jr. posted a social media video where he admitted to placing a dead bear cut in Central Park 10 years ago. |
|
|
| |
|
From the New York Times:
And from the Wall Street Journal:
No comments:
Post a Comment