Stocks plunge as Trump trade war sparks global selloff
U S stocks tumbled on Monday in their worst decline of the year as fears over President Trump's widening trade war with China spurred widespread selling. The S P 500 fell 3 percent, the Dow dropped 2.9 percent, and the Nasdaq slid 3.5 percent as yuan weakness and China retaliatory moves added to investor anxiety. Bond yields plunged as risk aversion surged, with the 10 year at 1.72 percent and the two year at 1.58 percent signaling recession risk. Market nerves were sour across Asia Europe and the Americas as traders priced in higher tariffs and slower global growth.
MENTIONED IN THIS ARTICLE
New York
U.S
Donald Trump
China
Trump
Rich Weiss
American Century Investments
Asia
Europe
Americas
Federal Reserve
Treasury
Retail wage gains hinge on Walmart and Target hikes
Walmart and Target wage increases boost retail pay, lifting average hourly earnings to 16.65 dollars in July and marking the largest rise since 1981. Yet job rolls shrink as chains consolidate amid competition, debt, and store closures, while inflation-adjusted wages lag other sectors. The gig economy further taps retail labor, keeping openings high even with low unemployment.
MENTIONED IN THIS ARTICLE
Walmart
Target
U.S. Bureau of Labor Statistics
Toys "R" Us
Bon-Ton
Payless
Gymboree
Sears
J.C. Penney
Gap
U.S
Uber
TaskRabbit
E-scooters fall short on true eco friendliness study says
A Raleigh based Environmental Research Letters analysis dismantled a Xiaomi M365 scooter to measure manufacturing and end of life impacts. Findings show aluminum frame and lithium ion battery drive most pollution, with materials accounting for about half the warming effect. Longevity and maintenance drive overall sustainability, while usage on trips remains relatively green.
MENTIONED IN THIS ARTICLE
Joe Hollingsworth
North Carolina State University
Lime
Bird
Hollingsworth
Jeremiah Johnson
Johnson
Environmental Research Letters
Juan Matute
Ucla Institute of Transportation Studies
National Association of City Transportation
Raleigh
N.C
Amazon Dominates July Black Friday Style Prime Day Sales
Amazon controls the bulk of online spend during the two day Prime Day event on July 15 16 with Edison Trends and 1010data showing Amazon outpacing Walmart and Target combined. Coresight Research pegs global sales near 5.8 billion and analysts note devices tied to Alexa drive top selling items like Fire TV stick and Alexa Voice Remote.
MENTIONED IN THIS ARTICLE
Amazon.com
Amazon
Amazon Prime
Target
Best Buy
Walmart
eBay
Edison
1010Data
Target Corp
U.S
Matt Napoli
Equity Insights
Napoli
Coresight Research
Jacquelyn Cooley
Cooley
Alexa
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California
Quartz
Louisville
Los Angeles
Venice
Maria Alejandra Cardona
LOS Angeles Times
TNS
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