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August 9: French investment bank BNP Paribas suspends three investment funds that invested in subprime mortgage debt, [153] due to a "complete evaporation of liquidity" [154] in the market. The bank's announcement is the first of many credit-loss and write-down announcements by banks, mortgage lenders and other institutional investors, as ...
The August curse is a perceived phenomenon in Russia where the worst disasters and adverse events seem to have occurred in that country during August. The idea of the curse dates back to the 1991 "August Coup". Many possible explanations have been presented for this observation, ranging from fact-based to supernatural.
Business and economy. Unemployment in the United States. Several global financial markets fall significantly, with the Dow Jones falling by 610 points after the United States Department of Labor reported that the unemployment rate increased to 4.3% in July, the highest since October 2021. Disasters and accidents
In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed [1] following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or "risk free", to AA+. [2] It was the first time in history the United States was downgraded. [3]
The three-month average was a solid, but not too hot, 172,000. With a key inflation measure staying elevated in recent months, the Fed is expected to look even more closely at next week’s report ...
Weekly jobless claims rose less than expected last week, reaching a seven-month low, as the impact of labor strikes and severe weather has made weekly data noisy over the last few months. New data ...
The disaster claimed 26 lives and injured over 100. Dubbed the Hiroshima of Sungai Buloh, the energy emanated from the explosion was so strong enough to destroy over 200 residential properties in the vicinity of the factory. August 21, 2000: Pingxiang steel plant explosion. An oxygen generator exploded in a steel plant in Pingxiang, Jiangxi ...
The average rate on the popular 30-year fixed-rate mortgage dropped to 6.09% last week, the lowest since February 2023, from 6.20% in the prior week, data from mortgage finance agency Freddie Mac ...