Fed may not have enough firepower to prevent a recession- CNBC--8.16.19
President Trump wants the Fed to lower interest rates to help head off a feared economic slowdown, but the central bank may not have enough firepower left to do so. 
Google warns BILLIONS of website passwords have been hacked – how to check yours now- The Sun--8.16.19
Google has warned users that billions of passwords and hundreds of thousands of username and password combinations have been hacked.
GE tanks after a famous Madoff whistleblower says the company is committing fraud 'bigger than Enron and WorldCom combined' (GE)- Markets Insider--8.15.19
A whistleblower from the Madoff Ponzi scheme case has released a report alleging that General Electric's accounting practices are similar to Enron and say the company is "on the verge of insolvency."
Hong Kong Activist Leader Calls For A Run On Chinese Banks Tomorrow- Zero Hedge--8.15.19
A prominent Hong Kong pro-independence political activist has called for a run on Chinese banks, asking that everyone withdraw their money on the same day.
Dow tanks 800 points in worst day of 2019 after bond market sends recession warning- CNBC--8.14.19
Stocks plunged on Wednesday with the Dow having its worst performance on 2019 after the bond market flashed a troubling signal about the U.S. economy.
Dow closes 390 points lower, loses grip on 26,000 as 10-year Treasury hits 1.64%- Market Watch--8.12.19
Stocks finished sharply lower on Monday, building on the previous week's decline, on growing worries over U.S.-China trade tensions and continued unrest in Hong Kong.
Bank of America raises chance of a recession to 1-in-3 in the next 12 months- CNBC--8.12.19
Bank of America sees a greater than 30% chance of a recession in the next year. Some economic indicators have been "flashing yellow," signaling a coming recession.
More people are getting into debt and unable to repay their loans- Market Watch--8.7.19
Bankruptcy petitions for consumers and businesses are on the rise. The recent bankruptcy data is a sign that people are taking out more loans without financial stability.
Central banks haven't cut this much since the financial crisis- Axios--8.6.19
The world's central banks have clearly returned to a path of lower interest rates that has not been seen since the global financial crisis.
The market's favorite recession indicator just flashed its starkest warning since 2007- Markets Insider--8.5.19
The yield curve inverted to its widest level since 2007. At its most extended point, the spread reached -32 basis points. Such an inversion has preceded every U.S. recession of the past 50 years.
US declares China a currency manipulator, says it’s using yuan to gain ‘unfair advantage’ in trade- CNBC--8.5.19
The U.S. Treasury Department has designated China as a currency manipulator, a historic move that hasn't occurred since the Clinton administration.
Global markets are in panic mode — sparking a wave of investment into gold, bonds and currencies- CNBC--8.5.19
Global growth concerns and an escalated trade war have sent investors into "safe-haven" assets. The panic is spreading across Wall Street as the Dow takes a major tumble.
The superrich are selling stocks, buying properties and keeping cash ready- Market Watch--8.5.19
Superrich investors are moving away from equities and building up their positions in real estate and raising their cash levels. Tiger 21, a coalition of 750 members worth over $75 billion, raised their cash to levels not seen since 2013.
Jobs report gets a ‘gentlemen’s C’ as growth slows- Market Watch--8.2.19
The July U.S. employment report showed 164,000 jobs created during the month and unemployment holding steady at 3.7%, just above a 50-year low. According to one expert, the jobs report was "fine but not spectacular."
Trump announces deal to expand US beef exports in the EU — and jokes about Mercedes, BMW tariffs- CNBC--8.2.19
President Donald Trump has signed a deal to boost U.S. beef exports to the European Union. The agreement comes as Trump tries to help the American agriculture industry who has been hurt by the trade war with China.
Senate approves two-year, $2.7-trillion government spending bill- Los Angeles Times--8.1.19
The Senate has approved a $2.7-trillion spending agreement negotiated between Speaker Nancy Pelosi and the White House, sending the deal to President Trump's desk for his signature.
Trump slaps 10 percent tariff on $300B more in Chinese goods- NBC News--8.1.19
The U.S. will impose an additional 10 percent tariff on $300 billion in Chinese imports starting next month, according to an announcement from President Donald Trump. After the news, Wall Street immediately saw a pullback and the Dow fell from a 300 point gain to a 200 point drop.
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