Weaker Jobs Data Sparks Dollar Decline, Rate Cut Hopes
Category: Economy Total Views: 38By : Hannah Lewis Updated: 08-03-2024
U.S. Dollar Hits Four-Month Low Amid Weak Jobs Report
Friday brought a four-month low in the value of the U.S. dollar. This came after a rather dismal July job report. Employers created just 114,000 new positions according to the report. This far less than the anticipated rise of 175,000. Rising from 4.1%, the unemployment rate also hit 4.3%. These numbers begged questions regarding the economic strength. These days, traders hope the Federal Reserve will drop interest rates by 50 ... Read More
Major Indices Suffer Biggest Two-Day Loss in Two Years
Category: Markets Total Views: 23By : Addison Perry Updated: 08-03-2024
U.S. Stocks Plummet for Second Consecutive Session
On Friday, U.S. stocks sold off for a second consecutive session signifying a notable market downturn. Fears of an approaching recession brought on by a less-than-expected jobs report drove this fall. Closing at 39,726.87, the Dow Jones Industrial Average dropped 621.10 points, or 1.54%, With 100.70 points lost—or 1.85%—the S&P 500 came out at 5,345.98 points. To end at 16,773.22 the Nasdaq Composite dropped 417.98... Read More
Kona Gold Beverages Unveils Major Strategic Changes
Category: Stocks Total Views: 22By : Lucas Young Updated: 08-03-2024
Kona Gold Beverages, Inc. Announces Strategic Changes and Initiatives
Announcements of several strategic initiatives and corporate direction changes by Kona Gold Beverages, Inc. (OTCPK: KGKG) excite investors. The company is actively looking at a strategic reverse merger by interacting with several businesses. This project seeks to attract fresh ideas, bring in new management, and use new capacities to propel upcoming success and expansion. For shareholders, these developments are... Read More
Navigating Social Security's Future Funding Challenges
Category: Personal Finance Total Views: 44By : Evelyn Baker Updated: 08-02-2024
Concerns About Social Security's Longevity
Employees who pay into Social Security anticipate rewards when they retire. Still, a poll by Nationwide Retirement Institute shows that 72% of adults worry the program would run out of money during their lifetime. Moreover, 23% do not think they will get any Social Security benefits whatsoever. This general worry reflects the unknown direction of the program. Projected to run out by 2033 is the Social Security trust fund supporting re... Read More
Innovative Web and Data Security Solutions by Penta Security
Category: Business Total Views: 51By : Logan Wright Updated: 08-02-2024
Frost & Sullivan Honors Penta Security with 2024 South Korean Company of the Year Award
Penta Security Inc. received the 2024 South Korean Company of the Year Award just now from Frost & Sullivan. This acknowledgement of Penta Security's major contributions to the web application firewall (WAF) market emphasizes The award is predicated on the company's creative approach to data and web security. Penta Security distinguishes itself for its leadership in the South Ko... Read More