Stocks sink, recession fears rise and Boeing has a new CEO

Anemic job growth, manufacturing data slams stocks Dow, S&P 500 post steep weekly losses; Nasdaq falls into correction territory  Recession predictor lights up, spooking Wall Street Fed Chair Jerome Powell cements September rate cut hopesCrypto is becoming a hot topic on the campaign trail  Boeing names new CEO Chevron kisses California goodbye JOBS JOLT: U.S. employers slowed hiring, and the unemployment rate spiked higher, a lethal combo for investors…continue reading here. VIDEO: The economy and the 2024 election. WILD RIDE: Wall Street did not take the July jobs report in stride. Instead, investors sent equities packing…continue reading here. The tech-heavy Nasdaq Composite fell into correction territory on Friday…more on the markets. Intel, once a chip bellwether, had its worst day in decades…continue reading here.VIDEO: The silver lining to a sharp market sell-off. THE ETF REPORT: NEED-TO-KNOW INSIGHTSRECESSION RULE: A component of the monthly jobs report signaled a reliable rule about recessions… continue reading here. SEPTEMBER TO REMEMBER?: Federal Reserve Chairman Jerome Powell and his cohorts left interest rates unchanged at the July meeting but signaled the time for lower rates is coming up…continue reading here.VIDEO: Should the Fed have cut rates this week? Some say an opportunity was missed. CRYPTO CAMPAIGNING: President Trump has shown he supports the crypto community, and VP Harris may soon do the same…continue reading here. Crypto is emerging as an important topic on the campaign trail…more on the White House 2024 race. Bitcoin, like stocks, took a beating this week…LIVE PRICES FOR CRYPTOCURRENCIES: HEREVIDEO: Trump talks up cryptocurrencies. INCOMING: Battered Boeing named a new CEO who will inherit the troubled plane maker. He starts next week…continue reading here.  Read more on Boeing here.VIDEO: Is Boeing's new CEO the right person to turnaround the plane maker?BYE-BYE: Oil giant Chevron became the latest big corporation to kiss California goodbye and will be moving its corporate headquarters to a new state…continue reading here.DON'T MISS IT: The FOX Business Rundown Podcast – more podcasts here.UP NEXT:–Looking for more business and market-moving headlines? Find more from FOX Business here.–Want live updates? Get the FOX Business app here.–Did someone forward you this email? Subscribe to additional newsletters from Fox News and FOX Business here.Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business